LAS VEGAS, April 9, 2025 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK), America's Bitcoin Miner® (the "Company"), today announced that Executive Chairman Matthew Schultz will participate in a fireside chat at the Jones Healthcare and Technology Innovation Conference at 2:30 p.m. PT / 5:30 p.m. ET on Wednesday, April 9, 2025.A live webcast of the fireside chat will be available on the Events and Presentations section of CleanSpark's investor relations website. An archived replay of the chat will be availab ...

Core Insights - CleanSpark, Inc. has achieved the 35th position on The Financial Times' 2025 list of the 500 Fastest Growing Companies in the Americas, highlighting its significant growth trajectory [1][2] - The company's revenue for FY2024 has increased by 123% compared to FY2023, demonstrating strong financial performance [2] - CleanSpark's Bitcoin mining operations are expected to reach a hashrate of 50 EH/s in the first half of 2025, indicating substantial expansion in its mining capacity [2] Company Overview - CleanSpark is recognized as America's Bitcoin Miner® and operates a portfolio of mining facilities across the United States, leveraging competitive energy prices [3] - The company supports approximately 5% of the global Bitcoin network with its hashrate, positioning it as one of the largest Bitcoin producers worldwide [2] - CleanSpark maintains a strong balance sheet with nearly 12,000 Bitcoin holdings, providing financial stability and resilience [2][3]

Core Insights - CleanSpark, Inc. reported a 13% month-over-month increase in bitcoin production, generating 706 bitcoin in March 2025 [1][7] - The company's operating hashrate reached 42.4 exahash, marking a 4.2% increase month-over-month [1][7] - CleanSpark holds 11,869 bitcoin in treasury, positioning itself strongly for future growth [1][7] Production and Financial Performance - The average hashrate for March was 40.2 exahash, with an average fleet efficiency of 17.03 J/Th, resulting in an average of 22.78 bitcoin mined daily [3][7] - The highest single-day production reached 23.52 bitcoin [3] - CleanSpark sold 14.23 bitcoin in March at an average price of approximately $87,742 per bitcoin [3][7] Expansion and Infrastructure - CleanSpark is expanding facilities in Mississippi and Georgia, which are expected to add approximately 2 exahash to the total hashrate [4] - In Wyoming, construction is ongoing for two phases of expansion, expected to add 2.5 exahash within the current quarter [5] - Expansion projects in Tennessee are underway, anticipated to contribute nearly 4 exahash, representing a nearly 10% increase in current production [6] Strategic Positioning - The company has nearly 1 gigawatt of energy under contract and a robust growth pipeline, indicating strong future prospects [1] - CleanSpark emphasizes its advantages, including lower capital costs and superior purchasing power, which may help mitigate the impact of recently announced tariffs on the industry [1]

Core Insights - CleanSpark (CLSK) has seen a stock return of -6.2% over the past month, underperforming the Zacks S&P 500 composite's -4.7% and the Zacks Financial - Miscellaneous Services industry's -8% [1] Earnings Estimates - CleanSpark is expected to post earnings of $0.02 per share for the current quarter, reflecting a year-over-year decline of -84.6%, with a consensus estimate change of -62.1% over the last 30 days [4] - The consensus earnings estimate for the current fiscal year is $0.98, indicating a year-over-year increase of +476.9%, but has changed -75.3% in the last month [4] - For the next fiscal year, the consensus estimate is $0.44, representing a decrease of -55.1% from the previous year, with a recent change of -50% [5] Revenue Growth Forecast - The consensus sales estimate for CleanSpark is $191.98 million for the current quarter, showing a year-over-year increase of +71.7% [9] - For the current fiscal year, the sales estimate is $810.72 million, indicating a change of +113.9%, while the next fiscal year's estimate is $1.04 billion, reflecting a +27.7% change [9] Last Reported Results - CleanSpark reported revenues of $162.31 million in the last quarter, a year-over-year increase of +120%, with an EPS of -$0.07 compared to -$0.02 a year ago [10] - The reported revenues exceeded the Zacks Consensus Estimate of $152.71 million by +6.28%, and the EPS surprise was +12.5% [10] - Over the last four quarters, CleanSpark has surpassed consensus EPS estimates twice and revenue estimates twice [11] Valuation - CleanSpark is graded F in the Zacks Value Style Score, indicating it is trading at a premium compared to its peers [15] - Valuation multiples such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF) are essential for assessing whether the stock is overvalued, fairly valued, or undervalued [13][14] Conclusion - CleanSpark's Zacks Rank 3 suggests it may perform in line with the broader market in the near term, despite the market buzz surrounding the stock [16]

Core Thesis - The article presents a bullish thesis for CleanSpark, Inc. (NASDAQ: CLSK), a Bitcoin mining company, based on technical analysis that includes price action, momentum, volume, and relative strength [1]. Investment Strategy - The focus is on building financial assets for retirement, with an interest in both long and short trading strategies, including the use of inverse ETFs to capitalize on market declines [1]. - The article emphasizes the importance of executing a trading plan effectively and achieving absolute investing results [1]. Learning and Development - The author views the articles as a means to maintain focus on developing successful trades and anticipates learning from feedback in the comments section [1].

Group 1 - CleanSpark's stock closed at $8.73, reflecting a decrease of 0.68% from the previous trading session, underperforming compared to the S&P 500's gain of 0.16% [1] - Over the last month, CleanSpark's shares have decreased by 1.24%, while the Finance sector lost 0.19% and the S&P 500 lost 3.59% [1] Group 2 - The upcoming earnings disclosure is expected to show an EPS of $0.02, which represents an 84.62% decline compared to the same quarter last year, while revenue is projected at $191.98 million, indicating a 71.72% increase year-over-year [2] - For the entire year, the Zacks Consensus Estimates forecast earnings of $0.85 per share and revenue of $810.72 million, reflecting increases of 426.92% and 113.93% respectively compared to the previous year [3] Group 3 - Recent revisions to analyst forecasts for CleanSpark are important as they indicate changing near-term business trends, with positive revisions suggesting a favorable outlook on the company's health and profitability [4] - Empirical research shows that revisions in estimates correlate with stock price performance, and investors can utilize the Zacks Rank for actionable insights [5] Group 4 - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), has historically outperformed, with 1 stocks returning an average annual gain of +25% since 1988; CleanSpark currently holds a Zacks Rank of 3 (Hold) [6] - The current Forward P/E ratio for CleanSpark is 10.34, which is a premium compared to the industry average of 9.55; the Financial - Miscellaneous Services industry ranks in the top 15% of all industries [7]

Core Viewpoint - CleanSpark (CLSK) has experienced a significant decline in stock performance, returning -19% over the past month, compared to the Zacks S&P 500 composite's -7.5% and the Zacks Financial - Miscellaneous Services industry's -11.9% [1] Earnings Estimate Revisions - CleanSpark is expected to post earnings of $0.02 per share for the current quarter, reflecting a year-over-year decline of -84.6%, with the Zacks Consensus Estimate changing -88% over the last 30 days [4] - The consensus earnings estimate for the current fiscal year is $0.85, indicating a year-over-year increase of +426.9%, with a change of +46.6% over the last 30 days [4] - For the next fiscal year, the consensus earnings estimate is $0.44, representing a decline of -48.2% from the previous year, with a change of -50% over the past month [5] Revenue Growth Forecast - The consensus sales estimate for the current quarter is $191.98 million, indicating a year-over-year increase of +71.7% [8] - For the current fiscal year, the sales estimate is $810.72 million, reflecting a +113.9% change, while the next fiscal year's estimate is $1.04 billion, indicating a +27.7% change [8] Last Reported Results and Surprise History - CleanSpark reported revenues of $162.31 million in the last quarter, representing a year-over-year increase of +120% [9] - The EPS for the same period was -$0.07, compared to -$0.02 a year ago, with a revenue surprise of +6.28% and an EPS surprise of +12.5% [10] - Over the last four quarters, CleanSpark surpassed consensus EPS estimates twice and topped consensus revenue estimates twice [10] Valuation - CleanSpark is graded D in terms of valuation, indicating it is trading at a premium to its peers [14]

Core Viewpoint - CleanSpark's stock performance has shown a slight increase recently, but it has underperformed over the past month compared to broader market indices [1] Financial Performance - The upcoming earnings release is anticipated, with projected earnings per share (EPS) of $0.13, unchanged from the same quarter last year, and revenue expected to be $229.66 million, reflecting a 105.42% increase year-over-year [2] - For the entire fiscal year, the Zacks Consensus Estimates predict an EPS of $0.58 and revenue of $899.96 million, indicating increases of 323.08% and 137.48% respectively from the previous year [3] Analyst Estimates - Recent changes to analyst estimates for CleanSpark are important as they indicate shifts in near-term business trends, with positive revisions suggesting optimism about the company's outlook [4] - The Zacks Rank system, which assesses these estimate changes, currently places CleanSpark at a rank of 3 (Hold), indicating a neutral outlook [6] Valuation Metrics - CleanSpark is trading at a Forward P/E ratio of 13.74, which is higher than the industry average Forward P/E of 9.27, suggesting a premium valuation [7] - The Financial - Miscellaneous Services industry, to which CleanSpark belongs, has a Zacks Industry Rank of 39, placing it in the top 16% of over 250 industries [7][8]

Core Insights - CleanSpark, Inc. will be included in the S&P SmallCap 600 index effective March 24, 2025, marking a significant milestone for the company [1][2] - The inclusion is expected to enhance visibility within the investment community and provide broader exposure to CleanSpark's vertically integrated Bitcoin mining model [2] Company Overview - CleanSpark is a leading pure play Bitcoin miner with a portfolio of mining facilities across the United States, leveraging competitive energy prices [3] - The company focuses on optimizing its mining operations to deliver superior returns to shareholders by monetizing low-cost, reliable energy [3]

Core Viewpoint - CleanSpark (CLSK) has experienced a significant decline of -17.1% in share price over the past month, contrasting with the Zacks S&P 500 composite's -4.1% change, and the Zacks Financial - Miscellaneous Services industry decline of 9.4% [1] Earnings Estimate Revisions - The consensus earnings estimate for CleanSpark for the current quarter is $0.13 per share, indicating no change from the previous year, with a notable increase of +177.8% in the estimate over the last 30 days [4] - For the current fiscal year, the consensus earnings estimate is $0.58, reflecting a substantial change of +323.1% from the prior year, with a recent increase of +222.2% [4] - The next fiscal year's consensus earnings estimate stands at $0.88, indicating a change of +51.7% from the previous year, with a recent adjustment of +8.6% [5] Revenue Growth Forecast - CleanSpark's consensus sales estimate for the current quarter is $229.66 million, representing a year-over-year change of +105.4% [8] - The sales estimates for the current and next fiscal years are $899.96 million and $1.16 billion, indicating changes of +137.5% and +28.7%, respectively [8] Last Reported Results and Surprise History - In the last reported quarter, CleanSpark generated revenues of $162.31 million, marking a year-over-year increase of +120%, while the EPS was -$0.07 compared to -$0.02 a year ago [9] - The reported revenues exceeded the Zacks Consensus Estimate of $152.71 million by +6.28%, and the EPS surprise was +12.5% [10] - Over the last four quarters, CleanSpark surpassed consensus EPS estimates twice and topped consensus revenue estimates twice [10] Valuation - CleanSpark is graded F in the Zacks Value Style Score, indicating it is trading at a premium compared to its peers [14]