LAS VEGAS, Aug. 9, 2024 /PRNewswire/ -- CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin Miner® announced the new date and time for its fiscal third quarter 2024 financial results, now scheduled for today, August 9, 2024, at 4:30 PM ET / 1:30 PM PT. 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: 1382915 Downloadable files, including transcripts, will be available on the co ...

LAS VEGAS, Aug. 8, 2024 /PRNewswire/ -- CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin Miner®, today announced the postponement of its fiscal third quarter 2024 financial results initially scheduled for today August 8, 2024, at 4:30 PM ET / 1:30 PM PT. The Company intends to provide the updated time and webcast details in a subsequent release. About CleanSpark CleanSpark (Nasdaq: CLSK) is America's Bitcoin Miner®. We own and operate multiple data centers that primarily run on low-carbon power. Our infras ...

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CleanSpark (CLSK) is scheduled to report its third-quarter fiscal 2024 results on Aug 8. The Zacks Consensus Estimate for revenues is currently pegged at $114.04 million, suggesting growth of 150.53% from the year-ago quarter's reported figure. The consensus mark for earnings is pegged at 4 cents per share, unchanged over the past 30 days. CLSK reported a loss of 5 cents in the year-ago quarter. Let's see how things are shaping up prior to this announcement. Estimate Revision Steady Factors to Note CleanSpa ...

Core Viewpoint - The article discusses the reliability of brokerage recommendations, particularly focusing on CleanSpark (CLSK), and highlights the importance of using these recommendations in conjunction with other analytical tools like Zacks Rank for making informed investment decisions [1][3]. Group 1: Brokerage Recommendations - CleanSpark has an average brokerage recommendation (ABR) of 1.33, indicating a consensus between Strong Buy and Buy, with 83.3% of the six recommendations being Strong Buy [2]. - Despite the positive ABR, the article cautions against making investment decisions solely based on this metric, as studies show limited success of brokerage recommendations in predicting stock price increases [3][4]. - Analysts from brokerage firms tend to exhibit a strong positive bias in their ratings, often issuing five Strong Buy recommendations for every Strong Sell, which may mislead investors [4][8]. Group 2: Zacks Rank - Zacks Rank categorizes stocks into five groups based on earnings estimate revisions, with a strong correlation between these revisions and near-term stock price movements, making it a more reliable indicator than ABR [6][9]. - The Zacks Rank is updated more frequently than ABR, as it reflects the latest earnings estimates from analysts, providing timely insights into potential stock price movements [10]. - CleanSpark currently holds a Zacks Rank of 3 (Hold), with the consensus earnings estimate remaining unchanged at $0.52, suggesting the stock may perform in line with the broader market in the near term [11][12].

Core Viewpoint - CleanSpark's acquisition of GRIID Infrastructure for $155 million is seen as a strategic move to expand its mining capacity amid industry challenges following the Bitcoin halving event [1][2][3]. Company Summary - CleanSpark aims to increase its total planned power capacity to over 1 gigawatt (1 GW) within three years, with significant contributions from the GRIID acquisition [5]. - The acquisition allows CleanSpark to enhance its enterprise value by 14.7% and increase its power capacity by 33% [5]. - CleanSpark's Bitcoin treasury, valued at approximately $435 million, positions the company favorably for potential sales [5]. - The company has demonstrated strong operational efficiency, with a 110% increase in sales over the past year and a 15.6% reduction in operating expenses [13]. Industry Summary - The Bitcoin halving event has halved the mining reward from 6.25 BTC to 3.125 BTC, significantly impacting miners' profitability and raising concerns about the viability of weaker companies like GRIID [3][4]. - The mining industry is experiencing increased competition, with less than 6% of coins remaining for mining, leading to a peak difficulty level of 90.67 [3][4]. - Consolidation in the mining sector is ongoing, as financially troubled miners are forced to liquidate their assets, affecting supply dynamics [8][14]. - CleanSpark's aggressive expansion strategy, utilizing renewable energy, has positioned it better than competitors like Marathon Digital Holdings, which has seen a decline in performance [11][13].

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 ...