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CleanSpark Inc (CLSK)



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Upturn Advisory Summary
04/01/2025: CLSK (2-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit 18.34% | Avg. Invested days 29 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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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 - |
Upturn AI SWOT
CleanSpark Inc
Company Overview
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.
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 and Structure
The CEO is S. Matthew Schultz. The organizational structure includes departments for finance, operations, technology, and marketing.
Top Products and Market Share
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
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
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
HUT

Hut 8 Corp. Common Stock


HUT

Hut 8 Corp. Common Stock

MARA

Marathon Digital Holdings Inc



MARA

Marathon Digital Holdings Inc

RIOT

Riot Blockchain Inc



RIOT

Riot Blockchain Inc
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.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
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 | 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.
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