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]

CleanSpark, Inc. (NASDAQ:CLSK) Q1 2025 Earnings Conference Call February 6, 2025 4:30 PM ET Company Participants Barbara Domingo - IR Zach Bradford - CEO Gary Vecchiarelli - CFO Conference Call Participants Mike Colonnese - H.C. Wainwright Brian Dobson - Clear Street Brett Knoblauch - Cantor Fitzgerald Tyler DiMatteo - BTIG Stephen Glagola - JonesTrading Bill Papanastasiou - KBW Greg Lewis - BTIG Operator Good afternoon. My name is Krista, and I will be your conference operator today. At this time, I would ...

Core Viewpoint - CleanSpark, Inc. is expected to perform strongly in 2025, with a Buy rating and a price forecast of $27 from H.C. Wainwright analyst Mike Colonnese [1][2]. Financial Performance - CleanSpark reported first-quarter revenue of $162.3 million, exceeding analyst estimates of $150.87 million [1]. - The revenue estimate for 2025 is maintained at $854.9 million, while the adjusted EBITDA forecast has been raised to $663.2 million from $411.2 million [4]. Hashrate and Efficiency - CleanSpark's hashrate surpassed 40 EH/s in January, with expectations to reach 50 EH/s in the first half of 2025 [1][2]. - The impressive results are attributed to a significant increase in deployed hash rate, improved fleet efficiency, reduced production costs, and lower operating expenses [3]. Market Outlook - The analyst remains optimistic about Bitcoin prices in 2025, with estimates based on a Bitcoin price of $98,866 and an average network hash rate of 837 EH/s [4]. - CleanSpark is considered one of the top Bitcoin miners, supported by an excellent management team [3]. Stock Performance - CLSK shares have increased by 15.3%, trading at $11.96 [5].

Core Viewpoint - CleanSpark (CLSK) shows significant upside potential with a mean price target of $23.43, indicating a 125.7% increase from its current price of $10.38 [1] Price Targets - The mean estimate consists of seven short-term price targets with a standard deviation of $4.50, suggesting variability in analyst predictions [2] - The lowest estimate of $17 indicates a 63.8% increase, while the highest estimate suggests a 189% surge to $30 [2] - A low standard deviation indicates strong agreement among analysts regarding price movement direction [7] Analyst Sentiment - Analysts exhibit growing optimism about CLSK's earnings prospects, as evidenced by a positive trend in earnings estimate revisions [9] - Over the last 30 days, the Zacks Consensus Estimate for the current year has increased by 63.9%, with no negative revisions [10] - CLSK holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates [11] Caution on Price Targets - Price targets can mislead investors, as empirical research shows they rarely indicate actual stock price movements [5] - Analysts may set overly optimistic price targets due to business incentives, which can inflate expectations [6] - While price targets should not be ignored, they should be approached with skepticism and not be the sole basis for investment decisions [8]