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CLEANSPARK INC - CLSK STOCK NEWS

Welcome to our dedicated page for CLEANSPARK news (Ticker: CLSK), a resource for investors and traders seeking the latest updates and insights on CLEANSPARK stock.

CleanSpark Inc. (Nasdaq: CLSK) is a leading company in the bitcoin mining industry, focused on delivering sustainable and reliable energy solutions. The company was founded in 2013 by Michael Firenze, Art Villanueva, and Bryan Huber. Initially, CleanSpark's vision was to empower communities through advanced energy management technologies, such as fractal grid technologies and federated enterprise services, to create sustainable energy solutions for various sectors including institutional, commercial, industrial, and residential clients.

Over time, CleanSpark shifted its core focus to bitcoin mining. The company leverages its expertise in energy efficiency to operate highly effective and low-carbon data centers dedicated to mining bitcoin. Through strategic acquisitions like that of ATL Data Centers, CleanSpark has become a significant player in the bitcoin mining sector. The company's infrastructure supports bitcoin—a critical digital commodity for financial independence and inclusion.

CleanSpark is known for its innovative Flex Power System, which provides energy security at or below current electricity prices, making it cost-effective for up to 25 years or more. As of the latest updates, the company has made substantial progress in its operational capacity. Recent achievements include a 60% increase in hashrate and significant additions to their bitcoin treasury, which now holds nearly 5,000 bitcoins.

In addition to its core mining operations, CleanSpark continues to expand its footprint. The company's acquisition of new sites in Mississippi and Georgia has bolstered their total operating hashrate to over 17 EH/s. Moreover, the company plans to acquire additional facilities in Wyoming, which are expected to add further operational capacity.

Financially, CleanSpark is robust, reporting significant revenue increases and maintaining a strong balance sheet with almost $700 million in cash and bitcoin, and minimal debt. The company's dedication to transparency and trust is evident in their regular updates and investor communications.

Overall, CleanSpark Inc. is not only pioneering in the bitcoin mining sector but also promoting sustainable and efficient energy use, positioning itself as a forward-thinking leader in both the technological and financial landscapes. For more information, visit their website at www.cleanspark.com.

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CleanSpark, Inc. reported remarkable FY2024 second-quarter financial results, including revenue of $111.8 million and net income of $126.7 million. Adjusted EBITDA stood at $181.8 million, with revenue growing 163% YoY. The company's current hashrate exceeded 17 EH/s, positioning them as a top industry operator. CleanSpark also highlighted their expansion efforts, increased operational capacity, and new facilities in Mississippi and Georgia. With a strong financial position, $700 million in cash and bitcoin, and virtually no debt, CleanSpark is well-prepared to capitalize on opportunities in the market.

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CleanSpark Inc. (Nasdaq: CLSK) has appointed Scott Garrison as the chief operating officer and Taylor Monnig as the chief technology officer. Both have played important roles in the company's growth, with Garrison leading business development and construction of data centers, and Monnig focusing on developing programs for uptime and miner performance. The CEO emphasized their contributions to CleanSpark's success and the company's goal of achieving 50 EH/s in the bitcoin mining industry.

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CleanSpark Inc. (Nasdaq: CLSK) released its April 2024 Bitcoin mining update, exceeding 17 EH/s, mining 721 bitcoin with a daily high of over 48 bitcoin. The company reported increased efficiency, transaction fees post-halving, and technological advantages boosting bitcoin production. With low mining costs and industry-leading scale, they expect a decline in global hashrate to benefit them. The company plans expansion and will share details during the upcoming earnings call.

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CleanSpark Inc. executives will discuss the fiscal second quarter 2024 financial results via a live webcast on May 9, 2024. The results will be released after the close of regular trading. Investors can access the webcast on the company's website. Downloadable files, including transcripts, will be available 48 hours after the event.
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CleanSpark Inc. (CLSK) negotiates an option upgrade to new S21 Pros, increasing the total purchased hashrate by 17% to 23.4 EH/s. The Company reached its new hashrate high as its data center in Dalton, GA, goes online. The upgrade to the more efficient S21 Pro model at a low cost per terahash positions CleanSpark as a leading bitcoin miner in North America.
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CleanSpark Inc. (CLSK) reports record bitcoin mining results in March, with 806 bitcoin mined, a 24% increase from February, totaling 5,021 bitcoins. The company's operating hashrate exceeds 16 EH/s, with further growth expected. CleanSpark's bitcoin treasury now stands at over 5,000 bitcoins, coupled with a cash balance of $300 million, positioning them well for upcoming merger and acquisition opportunities in the industry.
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CleanSpark Inc. (CLSK) reports a 60% growth in hashrate to exceed 16 EH/s with over 131,000 operational miners. Monthly bitcoin production increased by 12%, adding 648CY2024 bitcoin to their treasury, totaling 4,218 bitcoin. The company sold 2.8 bitcoin in February at an average of $50,000 per bitcoin, generating proceeds of $140,000.
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CleanSpark, Inc., a leading Bitcoin miner, has completed the acquisition of three bitcoin mining data centers in Mississippi, boosting its operating hashrate to over 15 EH/s. The company aims to create jobs and foster economic growth in the region while maximizing grid services capabilities.
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CleanSpark Inc. (CLSK) has completed energizing the first 100 MW of its expansion in Georgia, increasing its operating hashrate by 40% to over 14 EH/s. The company aims to provide grid services and economic development to the community while partnering with utilities for energy resilience.
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CleanSpark, Inc. (Nasdaq: CLSK) reported a strong financial performance for the first quarter of FY2024, with a revenue of $73.8 million, net income of $25.9 million, and adjusted EBITDA of $69.1 million. The company's revenue grew by an impressive 165% year over year, and it surpassed its current hashrate to over 12.5 EH/s. The CEO emphasized the company's strategic acquisitions, operational efficiency, and commitment to smart growth, positioning them as leaders in the bitcoin mining industry. The CFO highlighted the company's exponential growth, liquidity, and balance sheet strength, preparing them to thrive in the future. The balance sheet showcased strong financials, with $181.7 million in current assets, $484.0 million in total mining assets, and $810.6 million in total stockholders' equity. The company will hold an investor conference call and webcast to discuss the earnings presentation and business update.
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FAQ

What is the current stock price of CLEANSPARK (CLSK)?

The current stock price of CLEANSPARK (CLSK) is $11.14 as of December 20, 2024.

What is the market cap of CLEANSPARK (CLSK)?

The market cap of CLEANSPARK (CLSK) is approximately 3.0B.

What does CleanSpark Inc. do?

CleanSpark Inc. is a leader in bitcoin mining, leveraging sustainable and reliable energy solutions. They operate efficient, low-carbon data centers dedicated to mining bitcoin.

When was CleanSpark Inc. founded?

CleanSpark Inc. was founded in 2013 by Michael Firenze, Art Villanueva, and Bryan Huber.

What is the Flex Power System?

The Flex Power System is an innovative solution by CleanSpark that offers energy security at or below current electricity prices, providing cost-effective energy for up to 25 years or more.

What are CleanSpark's recent achievements?

CleanSpark has recently increased its hashrate by 60%, added nearly 5,000 bitcoins to its treasury, and expanded its operational capacity to over 17 EH/s with new acquisitions in Mississippi and Georgia.

How does CleanSpark ensure sustainability in its operations?

CleanSpark operates data centers that primarily run on low-carbon power, leveraging advanced energy management technologies to ensure efficient and sustainable operations.

What is the significance of CleanSpark's acquisitions in Wyoming?

The acquisitions in Wyoming are expected to add over 4 EH/s to CleanSpark's operational capacity once fully functional, further enhancing their mining efficiency and output.

What is CleanSpark's financial condition?

CleanSpark maintains a strong financial position with nearly $700 million in cash and bitcoin and minimal debt, reporting significant revenue increases in recent quarters.

How does CleanSpark communicate with its investors?

CleanSpark regularly updates its investors through press releases, earnings calls, and detailed operational updates, ensuring transparency and trust.

Where can I find more information about CleanSpark?

You can find more information about CleanSpark on their official website at www.cleanspark.com.

What is the impact of bitcoin halving on CleanSpark?

Bitcoin halving has increased transaction fees, boosting CleanSpark's bitcoin production. The company’s efficient operations and low-cost power ensure they remain competitive post-halving.

CLEANSPARK INC

Nasdaq:CLSK

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CLSK Stock Data

3.04B
284.60M
3%
43.59%
19.36%
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