Core Viewpoint - CleanSpark, Inc. has clarified that the recent trading halt imposed by Nasdaq is not related to any issues with its business operations, financial statements, or SEC filings [1]. Group 1: Trading Halt and Warrant Issue - The trading halt was triggered by an error in the calculation of outstanding warrants and the shares underlying those warrants, which were originally issued by GRIID Infrastructure, Inc. and converted during CleanSpark's acquisition of GRIID on October 30, 2024 [2]. - The outstanding 13,800,000 warrants are intended to represent the right to purchase a total of 960,395 shares of CleanSpark's common stock at an exercise price of $165.24 per share, but the exchange ratio was incorrectly applied in some documentation [2][3]. - CleanSpark is actively working with Nasdaq to resolve the warrant calculation issue and to resume trading of its common stock and warrants [3]. Group 2: Company Overview - CleanSpark is recognized as America's Bitcoin Miner® and operates multiple data centers primarily powered by low-carbon energy [4]. - The company emphasizes its commitment to trust and transparency within its operations and the communities it serves [4].

Mines 655 bitcoin, a 32% increase from the prior monthCompletes acquisition of GRIID Infrastructure Inc.LAS VEGAS, Nov. 4, 2024 /PRNewswire/ -- CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin Miner® (the "Company"), today released its unaudited bitcoin mining and operations update for the month ending October 31, 2024."October was another remarkable operational month in the books for CleanSpark. We also finalized the acquisition of GRIID Infrastructure Inc., adding more talented people to our team and a p ...

Group 1: Market Sentiment and Trends - Investors are increasingly interested in inflation trades, leading to capital inflow into risk assets like commodities and cryptocurrencies, notably Bitcoin, which has seen a 13% return over the past month [1] - The price of gold has reached an all-time high, reflecting the growing sentiment towards inflation hedges [1] Group 2: Company Exposure to Bitcoin - Companies like MicroStrategy Inc. (NASDAQ: MSTR), Coinbase Global Inc. (NASDAQ: COIN), and CleanSpark Inc. (NASDAQ: CLSK) hold significant Bitcoin on their balance sheets, providing exposure to Bitcoin's price movements [2] - MicroStrategy's balance sheet includes up to 226,500 Bitcoin, contributing to its stock trading at 93% of its 52-week high [3][4] Group 3: MicroStrategy Stock Forecast - Analysts project a 12-month price forecast for MicroStrategy at $220.00, with a potential upside of 16% from current levels [5] - The stock's price-to-book (P/B) ratio is significantly higher than the sector average, indicating a premium valuation due to its Bitcoin exposure [4] Group 4: Coinbase Stock Forecast - Coinbase Global's 12-month stock price forecast is $242.94, suggesting a 14.74% upside, with analysts raising valuations due to increased trading activity [7][8] - Analysts expect Coinbase to see a rise in fees and commissions as Bitcoin trading activity increases [7] Group 5: CleanSpark Stock Forecast - CleanSpark produced 1,583 Bitcoin in the last quarter, with expectations for increased production as the company invests in mining capabilities [10] - The stock forecast for CleanSpark is $21.42, indicating a potential upside of 77.58% from current trading levels [10][11] - Analysts project a valuation of up to $23 per share for CleanSpark, which would represent an 88.5% upside [11]

Action comes following approval of merger by GRIID shareholders in October 28th voteCleanSpark expects to grow to over 400 MW of mining capacity in Tennessee LAS VEGAS, Oct. 31, 2024 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK), America's Bitcoin Miner® (the "Company"), announced today the completed acquisition of GRIID Infrastructure Inc. (Nasdaq: GRDI)("GRIID") on October 30, 2024, following approval of the transaction by stockholders of GRIID at the special meeting of its stockholders on October 28, 2 ...

The latest trading session saw CleanSpark (CLSK) ending at $11.72, denoting a -1.01% adjustment from its last day's close. The stock fell short of the S&P 500, which registered a loss of 0.02% for the day. Meanwhile, the Dow gained 0.38%, and the Nasdaq, a tech-heavy index, added 0.04%. Heading into today, shares of the company had gained 33.94% over the past month, outpacing the Finance sector's loss of 3.12% and the S&P 500's gain of 3.77% in that time. Investors will be eagerly watching for the performan ...

Group 1: Market Overview - Interest rates significantly influence asset class activities, with a bullish sentiment shift in stocks following Federal Reserve interest rate cuts [1] - Investors are increasingly looking at cryptocurrencies, particularly Bitcoin, as an alternative to traditional assets when yields are low [2] Group 2: Company Insights - Coinbase - Coinbase stock currently trades at 67% of its 52-week high, indicating a substantial upside potential [3] - Analysts forecast a 12-month price target of $246.44 for Coinbase, representing a 26.53% upside, with a high forecast of $345.00 and a low of $145.00 [4] - Renaissance Technologies increased its holdings in Coinbase by 185.9% in the past quarter, now valued at $236.3 million [5] Group 3: Company Insights - MicroStrategy - MicroStrategy holds 226,500 Bitcoin at a cost basis of $36,821 per coin, attracting new buyers due to potential Bitcoin price increases [6] - The stock's average volume surged from 16.3 million to 28 million shares, indicating strong investor interest ahead of earnings announcements [7] - Analysts project a 12-month price target of $208.75 for MicroStrategy, with a 1.35% upside, and a high forecast of $290.00 [7][8] Group 4: Company Insights - CleanSpark - CleanSpark, with a market capitalization of $2.5 billion, could see significant stock price increases if Bitcoin prices rise [10] - The company holds $413 million worth of Bitcoin and mined 1,583 new coins in the last quarter, positioning it for potential growth [10][11] - Analysts have set a 12-month price target of $19.11 for CleanSpark, indicating a 76.33% upside, with a high forecast of $27.00 [10][12]

Expects to continue growth to 50 EH/s in 2025 LAS VEGAS, Oct. 10, 2024 /PRNewswire/ -- CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin Miner® (the "Company"), today announced it has achieved 30 EH/s (exahashes per second) in operational hashrate. The Company's hashrate has surged 200% since October 2023 through significant organic growth paired with turn-key acquisitions and the execution of a fleet upgrade, improving efficiency during the same period by nearly 20% and boosting the number of operational m ...

Core Points - CleanSpark Inc. has appointed Brian Carson as the new chief accounting officer, promoting him from his previous role as director of financial reporting [1][3] - Carson has over 30 years of experience in corporate accounting and financial planning, including more than two decades as a Certified Public Accountant (CPA) [5] - The company emphasizes Carson's strong technical expertise in digital asset accounting, which has been crucial for navigating the cryptocurrency industry's complexities [4][5] Company Overview - CleanSpark is recognized as America's Bitcoin Miner® and operates multiple data centers primarily powered by low-carbon energy [7] - The company aims to support Bitcoin as a vital digital commodity, promoting financial independence and inclusion [7] - CleanSpark is committed to trust and transparency within its operations and the communities it serves [7]

Full operations have been materially restored from Hurricane Helene LAS VEGAS, Oct. 7, 2024 /PRNewswire/ -- CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin Miner® (the "Company"), today announced normal operations have resumed after 365 MW of power was shut down in the wake of Hurricane Helene. The Company's hashrate has since reached 28.7 EH/s. "On behalf of the entire CleanSpark team and our community partners, I want to sincerely thank our amazing employees and utility workers for their incredible effo ...

Company finishes FY2024 with over 8,000 bitcoin in treasury, reaching 27.6 EH/s in hashrate and 552 MW of operational capacity at wholly-owned sites, increases of 258%, 187% and 132% from FY2023 respectively Despite the halving, CleanSpark exceeds FY2023 production LAS VEGAS, Oct. 3, 2024 /PRNewswire/ -- CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin Miner® (the "Company"), today released its unaudited bitcoin mining and operations update for the month ending September 30, 2024. "I would like to thank th ...