CLEANSPARK INC - CLSK STOCK NEWS

CleanSpark, Inc. (Nasdaq: CLSK) reported updated Bitcoin mining figures and revenues following its acquisition of ATL Data Centers LLC. From December 10, 2020, to year-end, the company mined over 31 Bitcoins and generated approximately $873,000 in revenue. CEO Zach Bradford stated that CleanSpark can profit with Bitcoin prices above $6,000 per coin and plans to enhance operations by adding 1,500 ASIC miners and expanding energy usage. The company aims to mine Bitcoin at the lowest energy costs in the U.S. while managing fluctuations in Bitcoin prices.

CleanSpark (CLSK) reported a successful financial year, forecasting a revenue growth of 300% for 2021, aiming for $30M. The company made strategic acquisitions, including GridFabric and ATL Data Centers, enhancing its cash flow and growth potential. Noteworthy achievements include launching microgrids in Costa Rica and receiving a $2.9M grant from the California Energy Commission. The recent FERC 2222 ruling favors distributed energy markets, benefiting CleanSpark. Management emphasizes a commitment to profitability and improving shareholder value through expansion and strategic partnerships.

CleanSpark, Inc. (Nasdaq: CLSK), a company focused on energy solutions, will participate in the Water Tower Research Fireside Chat on December 29, 2020. The discussion will cover insights into their Bitcoin mining operations and new 2021 guidance, particularly the ATL Data Center acquisition. CEO Zachary Bradford will lead the chat, which includes a Q&A on the company’s year-end filings. CleanSpark aims to enhance its Bitcoin mining capacity from 200 PH/s to 300 PH/s by early 2021.

CleanSpark, Inc. (Nasdaq: CLSK) announced the acquisition of 1,000 additional ASIC Bitcoin miners, set for delivery next month. This follows a previous order of 500 ASICs, enhancing the company’s mining capacity by over 100 PH/s, reaching approximately 300 PH/s. CleanSpark aims to capitalize on rising Bitcoin prices and the demand for efficient mining operations. CEO Zachary Bradford emphasized the strategic advantage of acquiring miners for immediate deployment, positioning the company for substantial returns in the growing Bitcoin market.

CleanSpark, Inc. (Nasdaq: CLSK) announced an update on its acquisition of ATL Data Center LLC, focusing on enhanced Bitcoin mining operations. The company's patented microgrid software is expected to boost energy efficiency, with approximately 10 Bitcoins already mined, valued at around $200,000. CleanSpark has ordered 500 additional ASIC mining units to increase capacity, currently exceeding 200PH/s. The acquisition aims to leverage renewable energy, positioning CleanSpark to minimize costs and maximize profitability in the competitive Bitcoin mining landscape.

CleanSpark, Inc. (Nasdaq: CLSK) reported a revenue increase of 122%, surpassing $10 million for the fiscal year ended September 30, 2020, marking the third consecutive year of doubling revenues. Gross profit rose to $2.12 million with a gross margin of 21.1%. Despite a net loss of $23.3 million, improvements were seen in operational loss and cash flow. The company raised $44 million in funding, enhancing financial stability. Looking ahead, CleanSpark anticipates $20 million in revenue for fiscal 2021, boosted by recent acquisitions and an expanding proposal pipeline.

CleanSpark, Inc. (Nasdaq: CLSK) has partnered with Symmetric Energy to advance microgrid projects in Northern California. This collaboration aims to deliver reliable backup energy and off-grid solutions through solar PV and energy storage systems for both commercial and residential applications.

Symmetric will utilize CleanSpark's patented mPulse controls and mVSO design software for project analysis, enabling enhanced energy security and cost efficiency for clients in regions prone to power outages.

On December 10, 2020, CleanSpark (CLSK) announced its acquisition of ATL Data Centers for up to $19.4 million in stock. This strategic move follows a $40 million institutional investment, aiming to enhance energy capacity and reduce costs at ATL's facility, which currently operates 3,471 Bitcoin mining units. CleanSpark plans to increase power from 20MW to 50MW by April 2021 and deploy renewable energy solutions. The acquisition is expected to position CleanSpark among the largest publicly traded Bitcoin producers, leveraging its advanced energy technologies.

CleanSpark, a diversified software and services company, will participate in the Water Tower Research Virtual Conference on December 10, 2020, at 3:00 pm ET. CEO Zachary Bradford will discuss the company’s innovation-driven expansion strategy and its accretive acquisition plans, which aim to enhance growth in target verticals. Interested investors can register for the event to gain insights into the firm's future opportunities in distributed energy software. Registration is limited, but the event will be available for replay.