Shares of CleanSpark (CLSK 4.78%) plunged on Thursday, likely because the price of bitcoin continues to fall. However, the company did announce progress on one of its energy projects today. As of 1:40 p.m. EST, the stock was down 11%.
Full Answer
Is CleanSpark Inc (clsk) a good stock to buy?
Mar 16, 2021 · What happened. Shares of CleanSpark ( CLSK -5.22%) crashed hard on Tuesday. The Utah-based energy-management and cryptocurrency-mining company is converting some …
What is the clsk stock price prediction for 2027-02-10?
Aug 17, 2021 · CleanSpark stock produced over 191 Bitcoins in the quarter ended June 30, 2021. The stock has produced 598 Bitcoins from the beginning of mining operations through August …
What was clsk stock’s net loss in Q3?
Aug 17, 2021 · But the size of the loss seems to have caught investors off guard and is likely the main reason the stock is down today. It is now down a painful 74% from its 2021 high. CLSK …
What does clsk stand for?
Mar 16, 2022 · Mar 16, 2022 10:00AM EDT. A downtrend has been apparent in CleanSpark (CLSK) lately. While the stock has lost 9.5% over the past two weeks, it could witness a trend reversal …
Is CLSK a good stock to buy?
Is CleanSpark overvalued?
What is CLSK target price?
| High | $30.00 |
|---|---|
| Median | $23.00 |
| Low | $16.00 |
| Average | $23.00 |
| Current Price | $6.90 |
Will CleanSpark stock recover?
...
Predicted Opening Price for CleanSpark, Inc. of Monday, May 9, 2022.
| Fair opening price May 9, 2022 | Current price |
|---|---|
| $6.57 | $6.54 (Undervalued) |
When did CLSK go public?
What does clean spark do?
Will Riot stock go up?
The 9 analysts offering 12-month price forecasts for Riot Blockchain Inc have a median target of 42.00, with a high estimate of 50.00 and a low estimate of 30.00. The median estimate represents a +342.80% increase from the last price of 9.49.
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3rd Quarter Financial Results
CleanSpark generated $11.9 million in revenue in the three months ended June 30, 2021. This represents an increase of 250% or $8.5 million as compared to the same period of the previous year.
CLSK Stock Nine Months Ended June 30, 2021
CLSK stock recorded $22.3 million revenue for the nine months ended June 30, 2021, 176% higher than the prior-year same period.
Balance Sheet of CLSK stock
CLSK stock had $22.2 million in cash, 10.4 million in digital currency, and $297.5 million in total assets as of June 30, 2021. The working capital of CLSK stock by the end of June 2021 was $39.9 million.
Bitcoin Mining
CleanSpark stock produced over 191 Bitcoins in the quarter ended June 30, 2021. The stock has produced 598 Bitcoins from the beginning of mining operations through August 14, 2021.
Wrap Up
CleanSpark stock was falling despite reporting increased revenue in the third quarter of 2021. The stock has lost 2.30% in the last 12 months and has a market cap of 380.276 million.
Revenue is growing, but the company shocked investors with the size of its quarterly loss
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What happened
Shares of cryptocurrency-mining and energy-technology company CleanSpark ( NASDAQ:CLSK) got hammered on Tuesday after it reported financial results for the third quarter of 2021. Management talked up the company's growth, particularly when it comes to mining Bitcoin ( CRYPTO:BTC).
So what
For the third quarter, CleanSpark reported revenue of $11.9 million, which was up 250% from the same quarter last year. And looking at the first three quarters of fiscal 2021, the company's revenue is up 176% to $22.3 million. Most of this growth is coming from its Bitcoin mining business.
Now what
CleanSpark's management raised full-year revenue guidance by roughly $3 million to a range of $49 million to $62 million, with most of this coming from Bitcoin.
CLSK Target Price
CLSK price target in 14 days: 15.180 USD* upside and 11.896 USD* downside. (Highest and lowest possible predicted price in a 14 day period)
Cleanspark Inc ( CLSK ) Stock Market info
Recommendations: Buy or sell Cleanspark stock? Wall Street Stock Market & Finance report, prediction for the future: You'll find the Cleanspark share forecasts, stock quote and buy / sell signals below.
Cleanspark Inc ( CLSK ) Stock Price Prediction, Stock Forecast for next months and years
Below you will find the price predictions for 2021, 2022, 2023, 2024, 2025, 2026.
Where is Cleanspark located?
(Nasdaq: CLSK) (the "Company" or "CleanSpark"), a clean Bitcoin mining and diversified software and services company, today announced that it has closed on its acquisition of an additional nearly 87,000 square foot data center in Norcross, Georgia, to substantially increase the Company's Bitcoin mining operation.
What is Pioneer Power Solutions?
(Nasdaq: PPSI) ("Pioneer Power" or the "Company"), a company engaged in the manufacture, sale and service of electrical transmission, distribution and on-site power generation equipment, today announced that it has extended and expanded its agreement with CleanS park, Inc. (Nasdaq: CLSK) ("CleanSpark").
