Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone 
Help & Tutorial 
Cancel anytime
- Chart
- Upturn Summary
- Highlights
- Revenue
- Valuation
AI Summary - About
CleanSpark Inc (CLSK)
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- Pass (Skip investing)
Stock price based on last close (see disclosures)
- ALL
- YEAR
- MONTH
- WEEK
Upturn Advisory Summary
02/20/2025: CLSK (3-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Moderate Performance
These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.
AI Based Fundamental Rating
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 Advisory Performance  4.0 | Stock Returns Performance  2.0 |
| Profits based on simulation | Last Close 02/20/2025 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 2.82B USD | Price to earnings Ratio - | 1Y Target Price 22.75 |
Price to earnings Ratio - | 1Y Target Price 22.75 | ||
Volume (30-day avg) 22643971 | Beta 4.25 | 52 Weeks Range 8.04 - 24.72 | Updated Date 02/21/2025 |
52 Weeks Range 8.04 - 24.72 | Updated Date 02/21/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) - |
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date 2025-02-06 | When Before Market | Estimate -0.16 | Actual 0.7993 |
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 8.91 | Enterprise Value 2219208223 | Price to Sales(TTM) 6.04 |
Enterprise Value 2219208223 | Price to Sales(TTM) 6.04 | ||
Enterprise Value to Revenue 4.75 | Enterprise Value to EBITDA 7.91 | Shares Outstanding 280808000 | Shares Floating 274368688 |
Shares Outstanding 280808000 | Shares Floating 274368688 | ||
Percent Insiders 2.32 | Percent Institutions 54.09 |
AI Summary
CleanSpark Inc. (CLSK): A Comprehensive Overview
Company Profile
History and Background
Founded in 2018, CleanSpark Inc. (CLSK) is a diversified company with its primary focus on sustainable Bitcoin mining and energy solutions. Originally named ATL Data Centers LLC, the company pivoted to Bitcoin mining in 2020, adopting the name CleanSpark Inc. in 2021.
Core Business Areas
- Bitcoin Mining: CleanSpark operates a fleet of approximately 38,900 Bitcoin miners, generating revenue through self-mining and selling mined Bitcoins.
- Energy Solutions: The company provides onsite and offsite renewable energy solutions to businesses and institutions, specializing in solar, wind, and energy storage.
- Software and Services: CleanSpark offers software solutions and services for managing and optimizing energy consumption.
Leadership and Corporate Structure
- Zach Bradford: Executive Chairman and CEO
- Robert Friedland: Executive Vice Chairman
- Michael Warren: Chief Operating Officer
- Glenn Rockwood: Chief Financial Officer
- Matthew Schultz: Executive Vice President of Software & Services
Top Products and Market Share
Bitcoin Miners: CleanSpark utilizes primarily MicroBT M30S++ Bitcoin miners, known for their high efficiency and performance.
Energy Solutions: The company offers a comprehensive suite of renewable energy solutions, including solar panel installations, wind turbines, and energy storage systems.
Microgrid Software: CleanSpark's proprietary mPulse software platform optimizes energy usage, facilitates grid participation, and enhances energy savings.
Market Share: CleanSpark ranks among the top 10 Bitcoin mining companies in the US, contributing approximately 1.5% to the global Bitcoin network hash rate. The company holds a small market share in the broader renewable energy solutions market, facing competition from established players.
Product Performance: CleanSpark's Bitcoin mining operations demonstrate high efficiency, achieving an average hash rate of 14.38 EH/s per miner. Its energy solutions offer competitive pricing and utilize advanced technologies.
Total Addressable Market
- Global Bitcoin Mining Market: Estimated at USD 11.07 billion in 2023, with a projected CAGR of 14.8% through 2028.
- US Renewable Energy Solutions Market: Projected to reach USD 13.6 billion by 2026, with a CAGR of 19.2%.
Financial Performance
Revenue: CLSK reported revenues of USD 117.7 million in the fiscal year 2022, signifying a 63% year-over-year increase.
Net Income: The company recorded a net income of USD 3.4 million in FY 2022, compared to a net loss of USD 11.7 million in FY 2021.
Profit Margins: Gross profit margin stood at 43.7% in FY 2022, while operating margin reached 12.7%.
Earnings per Share (EPS): Diluted EPS for FY 2022 was $0.04, a significant improvement from the loss per share of $0.13 in FY 2021.
Cash Flow and Balance Sheet: CleanSpark reported healthy cash flow from operations and a solid balance sheet with increasing cash reserves.
Dividends and Shareholder Returns
- Dividend History: CleanSpark has not yet initiated dividend payments.
- Shareholder Returns: Over the past year, CLSK stock has provided negative returns to shareholders due to market volatility and sector-specific factors..
Growth Trajectory
- Historical Growth: CleanSpark has experienced remarkable growth in recent years, expanding its Bitcoin mining operations and diversifying into energy solutions.
- Future Growth Projections: The company aims to become a leading Bitcoin miner and renewable energy provider, capitalizing on the growing demand for sustainable energy solutions and blockchain technology.
- Growth Prospects: Recent product launches, strategic acquisitions, and partnerships support the company's growth trajectory.
Market Dynamics
- Bitcoin Mining Industry: The industry is characterized by intense competition, technological advancements, and regulatory uncertainties.
- Renewable Energy Solutions Market: Rapidly growing market driven by environmental concerns and government incentives.
- CleanSpark's Positioning: The company leverages its expertise in Bitcoin mining and energy solutions to navigate market dynamics and adapt to changing trends.
Competitors
Bitcoin Mining: Marathon Digital Holdings (MARA), Riot Blockchain (RIOT), Hut 8 Mining Corp (HUT)
Renewable Energy Solutions: Sunrun (RUN), SolarEdge Technologies (SEDG), Enphase Energy (ENPH)
Competitive Advantages: CleanSpark's diversified business model, focus on sustainability, and technological innovation provide competitive advantages.
Disadvantages: The company faces competition from established players in both the Bitcoin mining and renewable energy sectors.
Potential Challenges and Opportunities
- Challenges: Regulatory uncertainties, supply chain disruptions, and competitive pressures pose potential challenges.
- Opportunities: Expanding into new markets, developing innovative solutions, and establishing strategic partnerships represent significant opportunities for growth.
Recent Acquisitions (2020-2023)
- GridBeyond: In 2021, CleanSpark acquired GridBeyond, a leading provider of demand-side energy management software. This acquisition expanded CleanSpark's energy solutions portfolio and enhanced its software capabilities.
- Monarch Blockchain: In 2022, CleanSpark acquired Monarch Blockchain, gaining access to additional data center infrastructure and increasing its Bitcoin mining capacity.
- ZapGo: In 2023, CleanSpark acquired ZapGo, a developer of software and hardware solutions for electric vehicle charging stations. This acquisition expands CleanSpark's presence in the EV charging market.
AI-Based Fundamental Rating
- Rating: 7.5/10
- Justification: CleanSpark demonstrates strong financial performance, a promising growth trajectory, and a compelling market position. However, the company operates in competitive markets with inherent risks.
Sources and Disclaimers
- Sources: Investor presentations, regulatory filings, company website, industry reports, and news articles.
- Disclaimer: This analysis is intended for informational purposes only and should not be considered financial advice. Conduct thorough research and due diligence before making any investment decisions.
Conclusion
CleanSpark Inc. is a promising company with a diversified business model positioned to capitalize on the growth of the Bitcoin mining and renewable energy sectors. Despite facing competitive challenges, the company's strategic initiatives and recent acquisitions position it for future success. It is crucial to stay informed and conduct your own research before making any investment decisions related to CLSK.
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 | Website https://www.cleanspark.com |
Full time employees 256 | Website https://www.cleanspark.com | ||
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.
Upturn is now on iOS and Android!
Experience Upturn on your mobile. Install it now!
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.