CleanSpark, Inc. (CLSK): Price and Financial Metrics
CLSK Stock Summary
- Of note is the ratio of Cleanspark Inc's sales and general administrative expense to its total operating expenses; merely 4.62% of US stocks have a lower such ratio.
- As for revenue growth, note that CLSK's revenue has grown 115.55% over the past 12 months; that beats the revenue growth of 95.47% of US companies in our set.
- The volatility of Cleanspark Inc's share price is greater than that of 94.11% US stocks with at least 200 days of trading history.
- Stocks with similar financial metrics, market capitalization, and price volatility to Cleanspark Inc are JBGS, SAND, MGLN, YVR, and ATEX.
- CLSK's SEC filings can be seen here. And to visit Cleanspark Inc's official web site, go to www.cleanspark.com.
CLSK Stock Price Chart Interactive Chart >
CLSK Price/Volume Stats
|Current price||$21.33||52-week high||$42.60|
|Prev. close||$21.73||52-week low||$1.25|
|Day high||$23.30||Avg. volume||3,049,793|
|50-day MA||$26.03||Dividend yield||N/A|
|200-day MA||$16.39||Market Cap||722.30M|
CleanSpark, Inc. (CLSK) Company Bio
CleanSpark, Inc. provides energy software and control technology solutions worldwide. It offers distributed energy systems that allow customers to design, engineer, communicate, and manage renewable energy generation, storage, and consumption; and microgrids, which comprise generation, energy storage, and smart distribution assets that serve a single or multiple loads connected to the utility grid and separate from the utility grid for commercial, industrial, defense, campus, and residential users. The company's products include mPulse software suite, a modular platform that provides intelligent control of a microgrid; and microgrid value stream optimizer that offers a robust distributed energy and microgrid system modeling solution. It also provides critical power switchgear and hardware solutions, including parallel switchgear, automatic transfer switches, and related control and circuit protective equipment solutions; technology-based consulting services comprising design, marketing/digital content, engineering and SalesForce development, and strategy services; and distributed energy microgrid system design and engineering, and project consulting services. In addition, the company offers open automated demand response (OpenADR) and other middleware communication protocol software solutions, such as Canvas, an OpenADR virtual top node built for testing and managing virtual end nodes; and Plaid, a software solution that allows internet connected products to add load shifting capabilities into APIs. Further, it owns a gasification technology and process for converting waste and organic materials into synthesis gas, which is used as fuel for power plants, motor vehicles, jets, duel-fuel diesel engines, gas turbines, steam boilers, and as feedstock for the generation of di-methyl ether. 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 based in Woods Cross, Utah.
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Latest CLSK News From Around the Web
Below are the latest news stories about Cleanspark Inc that investors may wish to consider to help them evaluate CLSK as an investment opportunity.
CleanSpark Purchases Bitcoin Mining Equipment and Infrastructure; Discloses Current 95% Carbon-Free Mining
CleanSpark, Inc. (Nasdaq: CLSK) (the "Company" or "CleanSpark"), a diversified software, services, and Bitcoin mining company, today announced the order of 4,778 additional Bitmain S19 model Bitcoin mining rigs. The Company expects to receive 1,298 of the units for deployment in summer 2021 and the remaining 3,480 units in twelve equal monthly shipments starting in November 2021. These rigs are expected to deliver an estimated 740 PH/s of additional mining capacity. CleanSpark also purchased 48 custom-designed mobile mining data centers to house the units. The Company also updated current energy data on the carbon impact of its facility, progressing towards the stated goal of being the lowest energy cost, cleanest Bitcoin miner in the United States.
SHAREHOLDER ALERT: Robbins LLP Announces it is Investigating CleanSpark, Inc. (CLSK) on Behalf of Shareholders
Shareholder rights law firm Robbins LLP is investigating CleanSpark, Inc. (NASDAQ: CLSK) to determine whether certain CleanSpark officers and directors violated the Securities Exchange Act of 1934 and breached their fiduciary duties to the Company. CleanSpark provides advanced software and controls technology solutions, including end-to-end microgrid energy modeling, energy market communications, and energy management solutions.
CleanSpark (CLSK) has priced its public offering of ~9.1M common shares at $22.00/share, for expected gross proceeds of $200M. Net proceeds will be used for working capital and general corporate purposes, including infrastructure expansion, acquisition of additional cryptocurrency miners and further development of its mVoult product lines.H.C. Wainwright & Co....
BTIG analyst Gregory Lewis counts three reasons why the demand for microgrids is approaching an inflection point: 1) the combination of increasing demand for electricity security, 2) improved microgrid economics as the costs of energy storage systems and solar have improved, and 3) energy cost optimization as electricity prices become volatile owing to the intermittency of renewables. A company offering integrated microgrid solutions such as Cleanspark (CLSK), says Lewis, is well-positioned to benefit. Cleanspark’s solution encompasses everything from the design and construction of microgrids, to support and maintenance (largely software). The company has been focused on growth and raised $40 million last October to make several acquisitions.
Bitcoin is again at new all-time highs. The crypto king has surged past $50,000 for the first time, on the latest leg of a rally which is showing no signs of exhaustion. Bitcoin believers are reaping the rewards and H.C. Wainwright analyst Amit Dayal thinks the surge merits a rethink for his CleanSpark (CLSK) model. The analyst boosted his price target from $24 to $50, suggesting upside of 72% from current levels. Accordingly, Dayal’s rating stays a Buy. (To watch Dayal’s track record, click here) The reason for the new bullish target is easy to explain.
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