The ongoing consolidation in Bitcoin has lasted longer than I would have expected pre-halving, but we have to trade the market we have, not the market we want. That is quite the case with Bitcoin miner CleanSpark ( Josh is the leader of the investing group Timely Trader where he focuses on limiting risk and maximizing potential reward. Features of Timely Trader include: real-time alerts, a model portfolio, technical charts, sentiment indicators, and sector analysis to find the best trading opportunities. Le ...

Employees and infrastructure are safe LAS VEGAS, Sept. 30, 2024 /PRNewswire/ -- CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin Miner® (the "Company") today provided comments and updates on the impact of Hurricane Helene. Statement from CEO Zach Bradford In the wake of Hurricane Helene's destructive path across the Southeastern United States, we extend our deepest condolences to the communities, families, and individuals who have suffered loss, damage, and disruption due to this catastrophic event. We rec ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sellside) analysts often affect a stock's price, do they really matter? Let's take a look at what these Wall Street heavyweights have to say about CleanSpark (CLSK) before we discuss the reliability of brokerage recommendations and how to use them to your advantage. CleanSpark currently has an average bro ...

LAS VEGAS, Sept. 17, 2024 /PRNewswire/ -- CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin Miner® (the "Company") today announced it has acquired two Bitcoin mining sites and associated land near Clinton, Mississippi, and closed on its second site in Wyoming. The Mississippi acquisitions have a combined purchase price of $5.775 million and will support a total of 16.5 MW. The sites are currently partially complete and the purchase price includes the cost to complete construction of the site infrastructure. ...

Recent expansions totaling 65 MW of capacity increase Company hashrate by 3.2 EH/s LAS VEGAS, Sept. 12, 2024 /PRNewswire/ -- CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin Miner® (the "Company") today announced it has energized the 50 MW final phase of its 150 MW expansion in Sandersville, GA. "This past week has been monumental for CleanSpark, marked by the full energization of our expansions in Sandersville and Dalton, along with the acquisition of seven facilities in Tennessee. These efforts have allo ...

Expected to add over 85 MW of immediately available capacity LAS VEGAS, Sept. 11, 2024 /PRNewswire/ -- CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin Miner® (the "Company") today announced it has entered into definitive agreements to acquire seven bitcoin mining facilities and certain associated land in the Knoxville, Tennessee, area for total cash payments of $27.5 million, or approximately $324,000 per megawatt. This acquisition builds on the Company's strategy of securing highquality infrastructure op ...

Core Insights - CleanSpark Inc. reported mining 478 bitcoin in August 2024, bringing the total bitcoin mined in the calendar year to 4,586 [3] - The company expects to add 65 MW of data center capacity in September, which is anticipated to significantly increase operating hashrate and bitcoin production [2][4] Mining Operations Update - Total bitcoin holdings as of August 31, 2024, were 7,558, with 2.5 bitcoin sold in August at an average price of approximately $56,729 per bitcoin [3] - The deployed fleet consists of 163,648 units, achieving a fleet efficiency of 22.70 J/Th and a month-end operating hashrate of 22.6 EH/s [3] Capacity Expansion - The Dalton expansion is expected to add 15 MW of additional data center capacity, fully operational by next week [4] - The Sandersville expansion will contribute 50 MW of additional capacity, anticipated to be fully operational by mid-month [4] - In Wyoming, a 30 MW immersion-cooled facility is progressing as planned, with power agreements for a total of 75 MW executed in July [5] Infrastructure Developments - In Tennessee, approximately 50 MW of infrastructure is currently utilized under a hosting agreement, which will be owned upon completion of the acquisition of GRIID Infrastructure Inc. [6] - An additional 80 MW of data center capacity is under construction by GRIID, which will also be owned upon completion [6] Company Overview - CleanSpark is positioned as America's Bitcoin Miner®, operating multiple data centers primarily powered by low-carbon energy [7]

Iris Energy IREN is charging ahead in the Bitcoin BTC/USD mining arena, setting its sights on a substantial leap in computational power. According to JPMorgan analyst Reginald L. Smith, the company has an ambitious target to reach 50 exahashes per second (EH/s) by 2025. This would align the company with U.S. mining giants like CleanSpark Inc CLSK, Marathon Digital Holdings Inc MARA and Riot Platforms Inc RIOT. Iris Energer is "exiting prop power trading after reporting an outsized hedge loss in July," Smith ...

Core Insights - Bitcoin miners faced significant challenges in Q2 2024 due to the fourth Bitcoin halving event, which halved their daily coin yields [1] - The halving resulted in a 28% sequential decline in total bitcoin mined, impacting margins and profitability across the sector [2] Company Performance - Marathon Digital Holdings Inc maintained its leadership by mining 2,056 bitcoins, while Riot Platforms Inc increased its hashrate significantly [2] - Marathon achieved the lowest cash SG&A cost per coin at $14,000, while Cipher Mining Inc had the lowest overall costs at $44,600 per coin; Riot recorded the highest operational costs at $62,000 per coin [3] - CleanSpark and Riot are expanding aggressively by acquiring facilities to enhance their hashrates and power capacity [4] Capital Market Activities - Miners raised over $1.2 billion through at-the-market offerings in Q2 2024, with Marathon and Iris Energy leading by raising $345 million and $457 million, respectively [6] - The total capital deployed by miners reached $720 million, reflecting a 165% year-over-year increase [6] Cost and Margin Analysis - Power expenses reached $1.8 billion, leading to a drop in gross margins from 58% in Q1 2024 to 44% [7] - Despite increased costs, CleanSpark and Cipher maintain a favorable position due to their cost efficiencies [7] Strategic Outlook - The leading players' strategic diversification and cost management may provide a competitive edge in a challenging environment as they navigate halved revenues and rising operational costs [8]

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though? Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about CleanSpark (CLSK) . CleanSpark currently has an average brokerag ...