Tag

Cleanspark

All articles tagged with #cleanspark

cryptocurrency-investment1 year ago•1 min saved

"Maximize Your Bitcoin Investments: Insights on the Halving from Industry Experts"

Bernstein recommends buying bitcoin miners Riot Platforms and CleanSpark ahead of the halving, predicting a bullish trajectory for bitcoin after the event and maintaining a forecast of $150,000 by 2025. The broker believes that the market will reward these companies for their superior execution and leadership in self-mining hashrate, despite concerns over profitability following the halving. Bernstein expects bitcoin's bullish trajectory to resume once mining hashrates adjust to lower rewards and ETF inflows pick up, with the rollout of spot bitcoin ETFs by wirehouses and registered investment advisors continuing to provide structural demand for bitcoin.

via CoinDesk|

#bitcoin #cleanspark #cryptocurrency-investment

finance1 year ago•2 min saved

CleanSpark (CLSK) Achieves Record-Breaking Revenue in Q1 FY 2024

CleanSpark (CLSK) stock is up 25.6% following a positive fiscal Q1 earnings report, with adjusted earnings per share of 14 cents beating estimates and revenue of $73.8 million exceeding expectations. The company's success is tied to Bitcoin's performance, which has surged past $47,000, boosting crypto stocks.

via InvestorPlace|

#bitcoin #cleanspark #clsk

businessfinance1 year ago•15 min saved

"CleanSpark (CLSK) Achieves Record $73.8M Revenue in Q1 FY2024"

CleanSpark, Inc. (NASDAQ:CLSK) reported a Q1 2024 EPS of $-0.63, missing expectations of $-0.28, and discussed their financial results and future plans in their earnings call. The company achieved record revenue of $74 million, a 90% increase from the previous year, and a net income of $26 million. They also outlined their strategic machine acquisitions and plans to achieve 20 exahash per second in mining capacity during the first half of the year, as well as their move into Mississippi. CleanSpark emphasized their commitment to efficiency and preparation for the upcoming bitcoin halving event, highlighting their strong financial position and liquidity.

via Yahoo Finance|

#bitcoin-mining #businessfinance #cleanspark

finance1 year ago•1 min saved

"Bitcoin Surges Past $46K with ETF Inflows and Crypto Stock Rally"

Crypto stocks, including COIN, MSTR, CLSK, RIOT, and MARA, rallied in pre-market trading as Bitcoin surged past $46,000 for the first time in nearly a month. Mining firm CleanSpark led the way with a nearly 20% increase, attributed to positive Q3 2023 results. Other cryptocurrency-related publicly traded companies also showed healthy gains, with Bitcoin's rally boosting its advance for the week to almost 10%.

via CoinDesk|

#bitcoin #cleanspark #crypto-stocks

stock-market-analysis2 years ago•1 min saved

"Jim Cramer advises caution on Ford stock, recommends a 'wait and see' approach"

Jim Cramer, host of "Mad Money," provided his insights on various stocks during his Lightning Round segment. Cramer advised caution on Ford, stating it is a "wait and see situation" until the next quarter's results. He recommended avoiding Grab due to its significant losses. Cramer suggested buying Bitcoin directly instead of CleanSpark, which has seen its gains already. Despite being perceived as a gun stock, Cramer believed Academy Sports and Outdoors' stock is undervalued. He praised Intel's performance and advised against selling it. Cramer refrained from recommending Ready Capital due to uncertainty surrounding the stock.

via CNBC|

#academy-sports-and-outdoors #cleanspark #ford