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CLSK
Upturn stock ratingUpturn stock rating

CleanSpark Inc (CLSK)

Upturn stock ratingUpturn stock rating
$7.56
Delayed price
upturn advisory
PASS
  • BUY Advisory
  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
  • Loss
  • Pass (Skip investing)
Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
  • YEAR
  • MONTH
  • WEEK

Upturn Advisory Summary

04/01/2025: CLSK (2-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

ratingratingratingratingrating

Below Average Performance

These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.

AI Based Fundamental Rating

ratingratingratingratingrating

Above Average Performance

These Stocks/ETFs, based on Upturn Advisory, frequently surpass the market, reflecting reliable and trustworthy advice.

Analysis of Past Performance

Type Stock
Historic Profit 18.34%
Avg. Invested days 29
Today’s Advisory PASS
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 4.0
Stock Returns Performance Upturn Returns Performance 2.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 04/01/2025

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 2.12B USD
Price to earnings Ratio -
1Y Target Price 19.25
Price to earnings Ratio -
1Y Target Price 19.25
Volume (30-day avg) 25898184
Beta 4.21
52 Weeks Range 6.59 - 21.39
Updated Date 04/2/2025
52 Weeks Range 6.59 - 21.39
Updated Date 04/2/2025
Dividends yield (FY) -
Basic EPS (TTM) -

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin 16.07%
Operating Margin (TTM) 129.13%

Management Effectiveness

Return on Assets (TTM) 8.05%
Return on Equity (TTM) 5.3%

Valuation

Trailing PE -
Forward PE 6.81
Enterprise Value 1564926501
Price to Sales(TTM) 4.54
Enterprise Value 1564926501
Price to Sales(TTM) 4.54
Enterprise Value to Revenue 3.35
Enterprise Value to EBITDA 5.57
Shares Outstanding 280808000
Shares Floating 274424849
Shares Outstanding 280808000
Shares Floating 274424849
Percent Insiders 2.32
Percent Institutions 54.06

Analyst Ratings

Rating 4.43
Target Price 24.17
Buy 2
Strong Buy 4
Buy 2
Strong Buy 4
Hold 1
Sell -
Strong Sell -
Strong Sell -

ai summary icon Upturn AI SWOT

CleanSpark Inc

stock logo

Company Overview

overview logo History and Background

CleanSpark Inc. was founded in 2014. Initially focused on providing software and control technology solutions for microgrids, it pivoted to Bitcoin mining in 2020. Significant milestones include strategic acquisitions of mining facilities and equipment, and expansion of its hashrate capacity.

business area logo Core Business Areas

  • Bitcoin Mining: CleanSpark focuses on Bitcoin mining operations. They own and operate data centers for this purpose.
  • Energy: CleanSpark's legacy energy business segment involves the design, development, engineering, and integration of advanced energy software and control systems. This includes microgrid solutions for commercial, industrial, military, and municipal customers.

leadership logo Leadership and Structure

The CEO is S. Matthew Schultz. The organizational structure includes departments for finance, operations, technology, and marketing.

Top Products and Market Share

overview logo Key Offerings

  • Bitcoin Mining: CleanSpark mines Bitcoin, adding blocks to the blockchain. While specific market share data is fragmented, they aim to be a significant Bitcoin producer. Competitors include Marathon Digital Holdings (MARA), Riot Platforms (RIOT), and Hut 8 (HUT).
  • Microgrid Solutions: CleanSpark offers engineering, design, and software integration solutions for microgrids and distributed energy systems. Their solutions are custom built for their customers.

Market Dynamics

industry overview logo Industry Overview

The Bitcoin mining industry is characterized by high competition, fluctuating Bitcoin prices, and evolving regulatory landscape. The energy industry focuses on sustainable and efficient energy solutions, particularly microgrids.

Positioning

CleanSpark is positioned as a sustainable Bitcoin miner, focusing on energy efficiency and low-carbon energy sources. In the microgrid space, they compete with companies providing similar software and engineering services.

Total Addressable Market (TAM)

The TAM for Bitcoin mining is linked to Bitcoin's market cap. The microgrid market is expected to reach hundreds of billions of dollars in the coming years. CleanSpark is positioning itself by expanding hashrate and optimizing energy costs within bitcoin mining. For the energy TAM, it is positioned through partnerships and customized solutions.

Upturn SWOT Analysis

Strengths

  • Efficient Bitcoin mining operations
  • Focus on sustainable energy sources
  • Experienced management team
  • Strong hashrate growth

Weaknesses

  • Dependence on Bitcoin price volatility
  • Relatively small market share compared to larger miners
  • Concentration in a single industry (Bitcoin Mining)
  • Energy costs vulnerability

Opportunities

  • Further expansion of mining capacity
  • Increased adoption of Bitcoin and growth of the blockchain ecosystem
  • Technological advancements in mining equipment
  • Diversification into related blockchain services
  • Microgrid market expansion

Threats

  • Regulatory risks related to Bitcoin mining
  • Increased competition among miners
  • Fluctuations in Bitcoin price
  • Difficulty adjustments impacting mining profitability
  • Rising energy costs
  • Technological obsolescence

Competitors and Market Share

competitor logo Key Competitors

  • MARA
  • RIOT
  • HUT

Competitive Landscape

CleanSpark's competitive advantage lies in its focus on sustainable mining practices and energy efficiency. However, larger competitors have greater financial resources and existing infrastructure.

Major Acquisitions

ATL Data Centers

  • Year: 2022
  • Acquisition Price (USD millions): 42.5
  • Strategic Rationale: Expanded mining capacity and diversified geographical footprint.

Growth Trajectory and Initiatives

Historical Growth: CleanSpark has experienced rapid growth in its Bitcoin mining operations, driven by strategic acquisitions and increasing hashrate.

Future Projections: Future growth projections are based on analysts' estimates and company guidance, focusing on hashrate expansion and Bitcoin price. Refer to financial news sources for updated analyst reports.

Recent Initiatives: Recent initiatives include the acquisition of new mining facilities, deployment of more efficient mining equipment, and expanding sustainable energy infrastructure.

Summary

CleanSpark is a rapidly growing Bitcoin mining company with a strong focus on sustainable energy. Its success is closely tied to Bitcoin's price and regulatory landscape. The company is expanding its mining capacity through strategic acquisitions and efficient operations. Continuous focus on energy cost management and hashrate efficiency are keys to profitability. Close monitoring of debt, cash positions and balance sheet strength is critical.

Similar Companies

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Hut 8 Corp. Common Stock

$11.88
Mid-Cap Stock
0%
PASS

HUTratingrating

Hut 8 Corp. Common Stock

$11.88
Mid-Cap Stock
0%
PASS

MARAratingrating

Marathon Digital Holdings Inc

$12.16
Mid-Cap Stock
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MARAratingrating

Marathon Digital Holdings Inc

$12.16
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RIOTratingrating

Riot Blockchain Inc

$7.76
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RIOTratingrating

Riot Blockchain Inc

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Sources and Disclaimers

Data Sources:

  • SEC Filings
  • Company Investor Relations
  • Financial News Outlets
  • Industry Reports

Disclaimers:

This analysis is for informational purposes only and does not constitute financial advice. Investment decisions should be based on individual research and consultation with a qualified financial advisor. Market share estimates are approximations and may vary depending on the source.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About CleanSpark Inc

Exchange NASDAQ
Headquaters Henderson, NV, United States
IPO Launch date 2016-01-29
CEO, President & Director Mr. Zachary K. Bradford CPA
Sector Financial Services
Industry Capital Markets
Full time employees 256
Full time employees 256

CleanSpark, Inc. operates as a bitcoin mining company in the Americas. It owns and operates data centers. Its infrastructure supports Bitcoin, a digital commodity and a tool for financial independence and inclusion. The company was formerly known as Stratean Inc. and changed its name to CleanSpark, Inc. in November 2016. CleanSpark, Inc. was incorporated in 1987 and is headquartered in Henderson, Nevada.

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