All articles tagged with #clsk
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.
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.