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]

Core Insights - CleanSpark, Inc. mined 624 bitcoin in February 2025, increasing its total bitcoin treasury by nearly 6% month over month to 11,177 bitcoin [1][10] - The company achieved an average hashrate of 39.07 EH/s and improved average fleet efficiency to 17.07 J/Th, resulting in an average of 22.30 bitcoin mined daily [5][10] - CleanSpark is on track to reach a hashrate of 50 EH/s by June 30, 2025, with ongoing investments to support future growth beyond this target [3][10] Mining Operations - The company removed the last remaining machines from Coinmint in New York, achieving a 100% owned and operated portfolio [3] - CleanSpark has nearly 1 GW of power under contract, with sufficient capacity available for energization to support its growth plans [3] - The peak fleet efficiency at the end of February was 16.82 J/Th, with a single-day high of 23.53 bitcoin mined [5] Financial Performance - CleanSpark sold 2.73 bitcoin in February at an average price of approximately $95,695 per bitcoin [5][10] - The company produced a total of 1,250 bitcoin in the calendar year 2025 [10] Expansion Plans - Ongoing expansions in Georgia aim to enhance existing facilities and add immersion deployments [7] - In Cheyenne, Wyoming, power contracts have been expanded by 35 MW to a total of 110 MW, with further expansions expected [8] - Construction continues in Jackson, Tennessee, for 48 MW of air-cooled infrastructure, which will support approximately 3.1 EH/s [9]

Company Overview - CleanSpark, Inc. is a bitcoin mining company with a market capitalization of $2.95 billion as of the article's publication date [1] - The company was founded in October 1987 and initially operated in software and controls technology [1] Investment Insights - The article reflects a beneficial long position in CleanSpark shares, indicating potential investor confidence in the company's future performance [1]

Core Viewpoint - CleanSpark (CLSK) has been trending in stock searches, prompting analysis of factors influencing its future performance [1] Earnings Performance - Over the past month, CleanSpark shares have returned -6.1%, while the Zacks S&P 500 composite increased by +4.3% and the Zacks Financial - Miscellaneous Services industry gained +5.2% [2] - CleanSpark is expected to post earnings of $0.13 per share for the current quarter, unchanged from the previous year, with a consensus estimate change of +177.8% over the last 30 days [5] - The consensus earnings estimate for the current fiscal year is $0.58, reflecting a year-over-year change of +323.1%, with a recent change of +222.2% [5] - For the next fiscal year, the consensus earnings estimate is $0.88, indicating a +51.7% change from the previous year, with an 8.6% increase over the past month [6] Revenue Growth - The consensus sales estimate for the current quarter is $229.66 million, representing a year-over-year change of +105.4% [9] - For the current fiscal year, the sales estimate is $899.96 million, indicating a +137.5% change, while the next fiscal year estimate is $1.16 billion, reflecting a +28.7% change [9] Recent Results - CleanSpark reported revenues of $162.31 million in the last quarter, a +120% year-over-year change, 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% [11] - Over the last four quarters, CleanSpark surpassed consensus EPS estimates twice and topped revenue estimates twice [11] Valuation Metrics - CleanSpark is graded F on the Zacks Value Style Score, indicating it is trading at a premium 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 fairly valued [13][14] Market Position - The Zacks Rank for CleanSpark is 3 (Hold), suggesting it may perform in line with the broader market in the near term [7][16]

Core Viewpoint - CleanSpark Inc (CLSK) is positioned as a strong investment opportunity with a Buy rating and a price forecast of $20.00, driven by its significant market position and operational efficiency [1][2]. Group 1: Company Positioning - CleanSpark is the second-largest bitcoin miner by hash rate and the third largest by bitcoin stack [1]. - The company maintains the lowest General & Administrative costs per EH in the analyst's coverage, indicating strong operational efficiency [1]. Group 2: Financial Metrics - CLSK is trading at a deep discount on an EV/EBITDA basis, which is the lowest among the analyst's coverage [2]. - The company has a strong balance sheet with approximately $660 million in net cash plus BTC, providing growth flexibility [2]. Group 3: Future Growth Potential - Operational leverage is expected to improve in 2025 as the hash rate increases to 50 EH by the second quarter and 63 EH by mid-2026 [1]. - CLSK is anticipated to unlock yield opportunities in 2025, potentially generating over 5% returns on its ~10,000 BTC holdings [3].

Core Viewpoint - CleanSpark (CLSK) shows potential as a strong investment opportunity due to significant revisions in earnings estimates, indicating an improving earnings outlook [1][2] Estimate Revisions - Analysts exhibit growing optimism regarding CleanSpark's earnings prospects, as reflected in the upward trend of estimate revisions, which correlates with stock price movements [2] - The earnings estimate for the current quarter is $0.09 per share, a decrease of 30.77% from the previous year, but the Zacks Consensus Estimate has increased by 100% over the last 30 days with no negative revisions [4] - For the full year, CleanSpark is expected to earn $0.58 per share, representing a year-over-year increase of 323.08%, with the consensus estimate rising by 63.89% due to positive revisions [5] Zacks Rank - CleanSpark currently holds a Zacks Rank 2 (Buy), indicating promising estimate revisions and a strong potential for outperformance compared to the S&P 500 [6] - Historically, Zacks 1 (Strong Buy) and 2 (Buy) ranked stocks have significantly outperformed the S&P 500, with Zacks 1 stocks averaging a 25% annual return since 2008 [3][6] Stock Performance - CleanSpark shares have increased by 12.3% over the past four weeks, suggesting investor confidence in the company's earnings growth prospects [7]

Technical Analysis - CleanSpark (CLSK) has surpassed resistance at the 20-day moving average, indicating a short-term bullish trend [1] - The 20-day simple moving average is a popular trading tool that smooths out price fluctuations and provides trend reversal signals [2] Earnings Estimates - There has been one upward revision for CLSK's earnings estimates for the current fiscal year, with no downward revisions, leading to a more positive consensus estimate [3] Performance and Outlook - Over the past four weeks, CLSK has gained 12.3%, and the company is currently ranked Zacks Rank 2 (Buy), suggesting potential for further gains [4][5]

Group 1 - CleanSpark (CLSK) has recently reached a key level of support and has overtaken the 50-day moving average, indicating a short-term bullish trend [1] - CLSK shares have increased by 12.3% over the past four weeks, and the stock is currently rated as Zacks Rank 2 (Buy), suggesting potential for continued growth [2] - Earnings estimate revisions for CLSK show one upward revision with no downward revisions for the current fiscal year, indicating a positive consensus estimate [3]

Group 1 - CleanSpark (NASDAQ: CLSK) reported first quarter earnings on February 6, leading to a positive stock performance the following trading day [2] - The bullish outlook on CleanSpark is based on the expectation that rising Bitcoin prices will benefit the company [2] - The focus of the analysis is on identifying potential winners early in their growth cycles, particularly in the context of growth stocks [3] Group 2 - The investment strategy emphasizes efficient and profitable capital use, contrasting with rigid buy-and-hold strategies [3] - The analyst has a beneficial long position in CleanSpark shares, indicating confidence in the company's future performance [4]