Hispanolistic CleanSpark's (NASDAQ:NASDAQ:CLSK) announcement on June 27 to acquire non-profitable and indebted Bitcoin (BTC-USD) miner GRIID Infrastructure (NASDAQ:OTCPK:GRDI) for an enterprise value of $155 million may seem on the high side. However, as seen in the year-to-date price action below, while GRIID's shares surged as for a typical M&A, CleanSpark dipped only slightly before recouping its losses hinting that investors are not too worried about the transaction. Comparing the price action of CleanS ...

Mines 494 bitcoin during the month and increases treasury by 567% compared to same prior-year period Officially expands into Wyoming and Tennessee LAS VEGAS, Aug. 2, 2024 /PRNewswire/ -- CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin Miner®, today released its unaudited bitcoin mining and operations update for the month ending July 31, 2024. "We made significant progress in two new states this month," said Zach Bradford, CEO. "Power agreements totaling 75 MW have been secured in Wyoming along with the cl ...

Company Expansion and Operations - CleanSpark has executed 75 MW of power contracts and completed the acquisition of its first Bitcoin mining site in Wyoming, with a power capacity of 30 MW expected to add over 2 EH/s to the company's hashrate once operational [1] - The Cheyenne location will operate as a fully immersion-cooled site, deploying the all-new S21 immersion XPs, the most powerful and efficient generation of Bitcoin mining machines currently available [2] - CleanSpark is actively working to expand the available power at the Cheyenne site and is progressing on the close of the underlying real estate of a second site in Wyoming, which will bring an additional 45 MW online, expected to contribute an additional 3 EH/s to the company's hashrate [2] - The company's Bitcoin mining portfolio now includes twelve data centers in Georgia, three in Mississippi, one in Wyoming, and co-locations in Tennessee and New York [3] - CleanSpark expects to continue building upon the existing operational hashrate in Tennessee upon completion of the pending acquisition of GRIID Infrastructure [3] Industry and Regulatory Environment - The expansion in Wyoming aligns with the state's public support for the Bitcoin industry, following the University of Wyoming's launch of its Bitcoin Research Institute and Senator Lummis introducing the BITCOIN Act [4] - CleanSpark plans to grow its footprint beyond Cheyenne, throughout Wyoming, working with local, state, and national leaders [4] Company Overview - CleanSpark is America's Bitcoin Miner®, owning and operating multiple data centers that primarily run on low-carbon power, supporting Bitcoin as the world's most important digital commodity [5]

LAS VEGAS, July 31, 2024 /PRNewswire/ -- CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin Miner®, will discuss its fiscal third quarter 2024 financial results via a live webcast beginning at 4:30 p.m. EST/ 1:30 p.m. PST on Thursday, August 8, 2024. Results will be released after the close of regular trading on August 8, 2024. Webcast Information: To view the webcast, please click here. Conference Call Information: North America Toll-Free: (888) 330-2137 International Toll: +1 (646) 960-0143 Conference ID: ...

In the latest trading session, CleanSpark (CLSK) closed at $18.13, marking a +1.63% move from the previous day. The stock exceeded the S&P 500, which registered a gain of 1.08% for the day. Elsewhere, the Dow saw an upswing of 0.32%, while the tech-heavy Nasdaq appreciated by 1.58%. Shares of the company witnessed a gain of 3.18% over the previous month, beating the performance of the Finance sector with its loss of 2.72% and the S&P 500's gain of 0.43%. Looking at the full year, the Zacks Consensus Estimat ...

EHang Holdings (EH) Then, on June 25 the company announced that it had delivered 27 units to The Wencheng County Transportation Development Group in Zhejiang Province, China. The company is far ahead of its American competition which is now delivering prototype vehicles in very low numbers. Those companies will take time to gain regulatory approval which will continue to put them far behind EHang Holdings. Part of that truth has to do with Bitcoin prices which continue to hover in a range between $50,000 to ...

But First, Why Is Bitcoin Rallying? MARA started this week with a bang, surging close to 20% on Monday. This move made its stock positive yearto-date, now up close to 5%. Notably, MARA also broke out of consolidation above all major moving averages. If Bitcoin remains firm and continues its steady move, MARA might outperform in the short term due to its lengthy consolidation breakout and hefty short interest. iShares Bitcoin Trust (IBIT) Price Chart for Wednesday, July, 17, 2024 CleanSpark, Inc. (CLSK) Pric ...

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Add to Watchlist Insider Trading Selling Shares $283.48 CleanSpark Receives Upgrade Ahead of Bitcoin Harvest See Full Details -3.01 (-1.24%) One pattern that goes a long way is the changing risk perception, which is now becoming an actual 'risk off' policy for most investors in the market today, with Wall Street at the helm of this tide. Earlier this week, BlackRock Inc. NYSE: BLK released its second quarter 2024 earnings report, showing Main Street that its clients were advised to allocate into stocks, wit ...

Same fundamental news, different market reactions CleanSpark In addition, the all-American Bitcoin miner also crushed Wall Street's consensus estimates in February's first-quarter report and May's second-quarter update. This company turned a profit in these two earnings reports, both in terms of free cash flows and adjusted earnings per share. With proven profitability, a debt-free balance sheet, $323 million in cash reserves, and a similar amount of Bitcoin holdings, CleanSpark looks ready to ride out the ...