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 ...

CleanSpark (CLSK) shares have declined 13.3% in the past month. The Bitcoin miner has been suffering from the inherent volatility in the Bitcoin price, which is more than 21% off its record high of above $73,750 set in March. Despite the recent decline, CLSK shares have returned 35.6% year to date, outperforming its closest mining peers, Riot Platforms (RIOT) and Marathon Digital (MARA) . RIOT has dropped 39.58%, whereas MARA fell 17.05% over the same timeframe. YTD Performance Facility Expansion Aids Clean ...

In the latest trading session, CleanSpark (CLSK) closed at $14.96, marking a -1.45% move from the previous day. This change lagged the S&P 500's daily loss of 0.88%. Meanwhile, the Dow gained 0.08%, and the Nasdaq, a tech-heavy index, lost 1.95%. CLSK's full-year Zacks Consensus Estimates are calling for earnings of $0.52 per share and revenue of $401.46 million. These results would represent year-over-year changes of +140.31% and +148.72%, respectively. Our research shows that these estimate changes are di ...

CleanSpark's (CLSK -0.26%) stock more than tripled over the past year and outperformed all of its closest Bitcoin (BTC 0.85%) mining peers. Its top competitors, Marathon Digital (MARA -0.74%) and Riot Platforms (RIOT 0.22%), rallied 30% and declined 29%, respectively. CleanSpark's use of renewable energy to mine Bitcoin, its high growth rates, and its inorganic expansion plans seemed to impress the bulls. But can it stay ahead of its competitors and generate millionaire-maker gains over the next decade? The ...

CLSK stock has delivered a year-to-date (YTD) return of over 45%. Despite trading at a premium valuation of 9.2 times sales, analysts remain bullish, projecting a 65% upside with a 12-month median target of $26.50. Next in today's list of blockchain stocks is the iShares Blockchain and Tech ETF (NYSEARCA:IBLC). Launched in April 2022, IBLC tracks the NYSE FactSet Global Blockchain Technologies Index, primarily investing in firms advancing blockchain and crypto technologies worldwide. Source: David Cardinez ...

About CleanSpark Company mined 445 bitcoin; Exceeds 20 EH/s, doubling operating hashrate since December The Company achieved and exceeded its mid-year target of 20 EH/s in operational hashrate, a result of its previously announced acquisition of five new bitcoin mining sites in Georgia. The 60 MW of infrastructure from these sites include interruptible-load designated power purchase agreements (PPAs) with load balancing capabilities, a unique benefit for utility providers and the power grid. June Bitcoin Mi ...

With the crypto space evolving rapidly, the spotlight is on buying the best blockchain stocks to broaden your investment portfolio. Additionally, opting for blockchain stocks over direct crypto investments helps sidestep the risks of owning cryptos directly. That said, here are three blockchain stocks for early investors, offering significant exposure to this burgeoning space. These stocks are standout opportunities for those looking to tap into the potential of blockchain technology while maintaining a str ...

LAS VEGAS, June 27, 2024 /PRNewswire/ -- CleanSpark Inc. (Nasdaq: CLSK) ("CleanSpark") and GRIID Infrastructure Inc. (Nasdaq: GRDI) ("GRIID") announced today that they have entered into a definitive merger agreement pursuant to which CleanSpark will acquire all the issued and outstanding common stock of GRIID in an all-stock transaction. The total enterprise value, including payment and assumption of debt, of the transaction is $155 million. Concurrent with the signing of the merger agreement, the companies ...

Under the terms of the merger agreement, GRIID stockholders will receive shares of CleanSpark common stock based upon an exchange ratio equal to the quotient obtained by dividing the aggregate merger consideration by the total number of shares of GRIID common stock issued and outstanding as of the closing date of the merger. The aggregate merger consideration is equal to the quotient obtained by dividing (x) the sum of (i) $155,000,000 minus (ii) the amount of GRIID's outstanding liabilities as of the closi ...

Wall Street is coming around on the technology. This year, the SEC approved spot Bitcoin and Ethereum ETFs trading in the United States. But, if you're still on the fence, here are three top blockchain stocks to buy now that we think can change your mind. The blockchain is a transparent and accurate digital ledger that is self-sustaining and does not require human intervention. This means that any transaction that takes place on the blockchain will be recorded and kept forever. Due to its decentralized stru ...