Core Viewpoint - CleanSpark has expanded its capital strategy with a new $100 million bitcoin-backed credit facility from Coinbase Prime, aimed at enhancing its energy portfolio, bitcoin mining operations, and high-performance computing capabilities [1][3]. Group 1: Financial Developments - The new credit facility allows CleanSpark to leverage its bitcoin holdings as collateral, avoiding the need to sell coins or issue equity [3]. - CleanSpark's shares surged by as much as 10% due to investor enthusiasm regarding its expansion into high-performance computing (HPC) alongside its core mining business [2][4]. Group 2: Strategic Focus - The CEO of CleanSpark highlighted the opportunity to accelerate mining growth while optimizing assets, particularly in locations near major metropolitan areas, through the development of HPC campuses [3]. - The shift from traditional mining to HPC data centers is identified as a key driver of significant returns in the public Bitcoin mining sector [3].

BREAKING: Stocks Mixed As Boeing, Intel Rally CleanSpark stock gapped up early Tuesday, exiting a buy range after the bitcoin miner on Monday announced a $100 million financing deal with Coinbase. CleanSpark (CLSK) announced it expanded its capital strategy by increasing its bitcoin-backed credit facility with Coinbase (COIN) Prime by $100 million. Coinbase Prime is the crypto exchange's institutional brokerage platform. CleanSpark said it plans to use… Related news CleanSpark Earns Relative Strength Rating ...

CleanSpark, Inc., a Bitcoin mining company, announced that it has increased its Bitcoin-backed credit facility with Coinbase Prime by $100 million. The company, based in Las Vegas, Nev., stated that the financing will be used for strategic capital expenditures, including expanding its energy portfolio, scaling its Bitcoin mining operations, and investing in high-performance computing (HPC) capabilities. The expansion of the credit facility, which is backed by CleanSpark's Bitcoin holdings, is part of a br ...

Core Viewpoint - CleanSpark, Inc. has expanded its Bitcoin-backed credit facility with Coinbase Prime by $100 million, enhancing its capital strategy and enabling non-dilutive financing for growth in energy, mining, and high-performance computing initiatives [1][2]. Capital Strategy - The expanded credit line allows CleanSpark to invest in accretive assets while maintaining exposure to Bitcoin's potential upside, avoiding equity dilution or the need to liquidate holdings during expansion [2][6]. - The company's strategy focuses on delivering growth through non-dilutive financing, which is central to its capital approach [7]. Institutional Partnership - Coinbase Prime, the institutional division of Nasdaq-listed Coinbase, is providing the necessary custody, trading, and financing infrastructure to support the expanded credit facility [8]. - The partnership reflects confidence in CleanSpark's long-term strategy and aims to enhance the crypto ecosystem through focused capital deployment [9]. Market Reaction - Following the announcement, CleanSpark's stock surged by 6% in after-hours trading, indicating strong investor confidence, with shares rising from $13.74 to $14.60 [10]. - The stock has gained over 30% in the past five trading days, reflecting approval of the company's decision to expand without diluting shareholder equity [11]. Strategic Expansion - The expanded facility supports CleanSpark's dual focus on optimizing Bitcoin mining and developing new computing infrastructure, with data centers positioned to transition into high-performance computing campuses [12]. - By diversifying into high-performance computing, CleanSpark aims to prepare for broader demand in the digital infrastructure sector, aligning with its long-term strategy of integrating energy efficiency, Bitcoin mining, and next-gen computing [13][14].

Core Insights - CleanSpark, Inc. has expanded its capital strategy by increasing its Bitcoin-backed credit facility with Coinbase Prime by $100 million [1] Group 1 - The proceeds from the increased credit facility will support strategic growth in energy and computing sectors [1] - The non-dilutive capital will be deployed into accretive assets across CleanSpark's portfolio [1]

Core Insights - CleanSpark stock (NASDAQ: CLSK) has surged over 40% in the past month, attributed to a 38% increase in bitcoins mined in August, supported by a significant operational hashrate of 50 EH/s achieved in June 2025 [2][3] - The broader cryptocurrency market is experiencing strong momentum, with other Bitcoin miners also showing gains, influenced by the U.S. Federal Reserve's interest rate cuts, which are favorable for cryptocurrencies [3] - CleanSpark's revenue has grown rapidly, with a 90.8% increase in quarterly revenue to $199 million compared to $104 million a year ago [8] Valuation and Financial Performance - CleanSpark's price-to-sales (P/S) ratio is 6.3, compared to 3.2 for the S&P 500, and its price-to-earnings (P/E) ratio is 12.4 versus 24.0 for the benchmark [7] - Revenue growth for CleanSpark averaged 81.4% over the past three years, with a recent 85.1% increase from $341 million to $632 million in the past 12 months [7] - CleanSpark's operating income over the last four quarters was -$104 million, reflecting a weak operating margin of -16.5% [16] Profitability and Financial Stability - CleanSpark's profit margins are below most companies in the Trefis coverage universe, indicating weak profitability [9] - The company's balance sheet appears strong, with a debt of $820 million against a market cap of $3.8 billion, resulting in a debt-to-equity ratio of 21.8% [16] - Cash and equivalents stand at $916 million out of $3.1 billion in total assets, giving a cash-to-assets ratio of 29.5% [16] Market Position and Competitive Analysis - CleanSpark is considered undervalued compared to competitors, with IREN trading at 17 times trailing revenue, MARA at 8 times, and RIOT at 11 times, while CleanSpark trades at 6 times revenues [13] - The stock has shown significant volatility, having plunged 95.6% from $40.39 on January 7, 2021, to $1.78 on December 19, 2022, while still being below its pre-crisis high [17] - Overall, CleanSpark is characterized by very strong growth, weak profitability, very strong financial stability, and weak resilience during downturns [17]

Group 1 - CleanSpark, Inc. (NASDAQ: CLSK) experienced a significant share price increase of 17.66%, closing at $13.46, driven by rising Bitcoin prices and optimism in the cryptocurrency market [1][2] - The recent rally in CleanSpark's stock followed a roundtable discussion aimed at advancing U.S. efforts to acquire 1 million Bitcoins over the next five years, attended by key industry stakeholders [2][3] - CleanSpark reported producing 657 Bitcoins in the previous month at an operational hash rate of 50 EH/s, indicating a ramp-up in its Bitcoin mining operations [3] Group 2 - The price of Bitcoin has increased by 0.84%, reaching $117,436.60, reflecting the overall positive sentiment in the cryptocurrency market [4]

We recently published 10 Hot Stocks Investors Are Buying, 5 Break Fresh Records. CleanSpark, Inc. (NASDAQ:CLSK) is one of the best performers on Tuesday. CleanSpark extended its winning streak to a fifth consecutive day on Tuesday, jumping 8.84 percent to finish at $11.20 apiece as investors loaded portfolios in crypto mining and treasury firms ahead of results from the ongoing Bitcoin roundtable discussion. Hosted by Sen. Cynthia Lummis and Rep. Nick Begich, and attended by CleanSpark, Inc. (NASDAQ:CLSK ...

Macro Environment - Current macroeconomic conditions are a mix of softening economic data, rising inflation, and increasing unemployment, potentially leading to stagflation [2] - The U.S. dollar index is at a 52-week low, indicating expectations of rising inflation, with recent CPI readings suggesting inflation could trend close to 3%, above the Fed's target of 2% [3] Asset Classes - Investors are advised to diversify beyond equities, particularly the tech sector, into assets like bonds, gold, and Bitcoin to mitigate risks [3] - Gold is reaching new all-time highs, while Bitcoin is increasingly viewed as a digital inflation hedge [4] - The S&P 500 is near record highs, which is atypical behavior given the inflationary pressures that usually compress corporate margins and valuations [4] Real Assets and Bitcoin - Rate cuts in an inflationary environment may trigger a super cycle in real assets such as gold, silver, real estate, and industrial metals [5] - Bitcoin mining company CleanSpark Inc. is positioned to benefit from these trends, with analysts assigning a price target of $20.50, indicating a potential 83% upside [6] Bond Market Insights - The bond market is influencing broader investor behavior, with the iShares 20+ Year Treasury Bond ETF trading at 90% of its 52-week high and showing a year-to-date performance of 3.5% [8] - The bond market's skepticism about rate cuts lowering yields suggests concerns about accelerating inflation, which could be a warning sign for investors [9] Future Projections - If the bond market's predictions hold, gold could exceed $4,000 per ounce, Bitcoin may reach new all-time highs, and equities outside the tech sector could face challenges due to high inflation impacting growth and valuations [10]

Welcome back to Market on Close. I'm Sam Bartis coming to you live from the floor of the New York Stock Exchange. Today I want to welcome in our next guest, and that's Matt Schultz, CEO, chairman, and co-founder at Cleanspark.Thanks so much for joining us, Matt. I suppose we can't have the CEO of a Bitcoin miner on on Fed Day without asking about the reaction in the price of Bitcoin. I mean, usually this would be a good thing, but as we know, reactions are not uniform.And there has been a bit of a suggestio ...