CleanSpark, Inc. (CLSK) News
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CLSK News Highlights
- CLSK's 30 day story count now stands at 5.
- Over the past 30 days, the trend for CLSK's stories per day has been choppy and unclear. It has oscillated between 1 and 1.
- EH, PH and PPSI are the most mentioned tickers in articles about CLSK.
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 ([[CLSK]] +6.1%) secured multiple contracts for mining equipment providing the company 3.2 EH/s mining capacity post deployment.The company has secured contracts for all of the equipment necessary for CleanSpark's mining operation to increase its bitcoin mining capacity to meet its stated objective of a total hash rate capacity of more...
Pioneer Power Reveals Burgeoning Backlog with New Order in Excess of $1 Million for Distributed Generation
Pioneer Power Solutions, Inc. (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 is increasing its product footprint with one of the world's largest mass-market retailers with a new equipment order valued at approximately $1.1 million.
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.