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CleanSpark Inc (CLSK)



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Upturn Advisory Summary
07/02/2025: CLSK (3-star) is a STRONG-BUY. BUY since 36 days. Profits (29.73%). Updated daily EoD!
1 Year Target Price $19.1
1 Year Target Price $19.1
5 | Strong Buy |
4 | Buy |
1 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 73.3% | Avg. Invested days 33 | Today’s Advisory Strong Buy |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 3.11B USD | Price to earnings Ratio - | 1Y Target Price 19.1 |
Price to earnings Ratio - | 1Y Target Price 19.1 | ||
Volume (30-day avg) 10 | Beta 4.24 | 52 Weeks Range 6.45 - 20.49 | Updated Date 07/2/2025 |
52 Weeks Range 6.45 - 20.49 | Updated Date 07/2/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -1.11 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -35.43% | Operating Margin (TTM) -77.19% |
Management Effectiveness
Return on Assets (TTM) -0.07% | Return on Equity (TTM) -11.36% |
Valuation
Trailing PE - | Forward PE 6.72 | Enterprise Value 2826451924 | Price to Sales(TTM) 5.79 |
Enterprise Value 2826451924 | Price to Sales(TTM) 5.79 | ||
Enterprise Value to Revenue 5.26 | Enterprise Value to EBITDA 58.86 | Shares Outstanding 280944000 | Shares Floating 274555193 |
Shares Outstanding 280944000 | Shares Floating 274555193 | ||
Percent Insiders 2.31 | Percent Institutions 63.33 |
Upturn AI SWOT
CleanSpark Inc
Company Overview
History and Background
CleanSpark Inc. was founded in 2014. Initially focused on engineering, design, and software solutions for energy management, the company transitioned to Bitcoin mining in recent years. Key milestones include acquisitions of mining facilities and strategic partnerships to expand its mining capacity and energy infrastructure.
Core Business Areas
- Bitcoin Mining: CleanSpark focuses on Bitcoin mining using renewable and low-carbon energy sources. They operate data centers dedicated to mining and acquiring equipment such as mining rigs.
- Energy Software and Solutions: While Bitcoin mining is now the primary focus, CleanSpark still offers software and hardware solutions for energy management and microgrid applications.
Leadership and Structure
CleanSpark's leadership team consists of a CEO, CFO, and other executive officers. The company has a board of directors overseeing its operations and strategic direction.
Top Products and Market Share
Key Offerings
- Bitcoin Mining: CleanSpark's main product is Bitcoin mined through its data centers. The company's revenue primarily comes from selling these mined Bitcoins. Market share in Bitcoin mining is fragmented and depends on hash rate contributed by various miners globally. Difficulty to state in terms of market share due to constant changes in Bitcoin Network. Competitors include Marathon Digital Holdings (MARA), Riot Platforms (RIOT), and Hut 8 Mining (HUT).
- mPower Software Platform: CleanSpark's mPower platform is a software solution for microgrid design, deployment, and management. It helps optimize energy use and improve resilience in microgrid systems. Competitors include Siemens, Schneider Electric, and Eaton.
Market Dynamics
Industry Overview
The Bitcoin mining industry is characterized by intense competition, fluctuating Bitcoin prices, and increasing energy demands. The industry is also impacted by regulatory developments and technological advancements in mining equipment.
Positioning
CleanSpark positions itself as a sustainable Bitcoin miner focused on using renewable and low-carbon energy sources. This differentiates it from competitors with a greater reliance on fossil fuels. They focus on operational efficiency and strategic acquisitions to expand their mining capacity.
Total Addressable Market (TAM)
The TAM for Bitcoin mining is tied to the market capitalization of Bitcoin. The TAM for microgrid software and hardware solutions is estimated to be in the billions of dollars annually. CleanSpark is well-positioned in both areas, particularly with its focus on sustainable mining practices.
Upturn SWOT Analysis
Strengths
- Focus on sustainable Bitcoin mining using renewable energy
- Efficient operations and strategic acquisitions
- Expertise in energy software and microgrid solutions
- Strong growth in Bitcoin mining capacity
Weaknesses
- High dependence on Bitcoin price fluctuations
- Relatively smaller scale compared to some larger mining companies
- High energy consumption inherent to Bitcoin mining
- Reliance on capital markets for expansion
Opportunities
- Expanding Bitcoin mining capacity through acquisitions and partnerships
- Growing demand for sustainable Bitcoin mining practices
- Developing innovative energy management solutions for microgrids
- Increasing Bitcoin adoption and acceptance as a mainstream asset
Threats
- Bitcoin price volatility
- Increasing competition in Bitcoin mining
- Regulatory scrutiny of Bitcoin mining and energy consumption
- Technological advancements that could render existing mining equipment obsolete
Competitors and Market Share
Key Competitors
- MARA
- RIOT
- HUT
Competitive Landscape
CleanSpark's competitive advantage lies in its focus on sustainable mining practices and efficient operations. Compared to competitors, it's smaller than RIOT or MARA but has grown quickly. Key disadvantages are sensitivity to BTC price and reliance on energy markets.
Major Acquisitions
ATL Data Centers
- Year: 2022
- Acquisition Price (USD millions): 40.5
- Strategic Rationale: To increase Bitcoin mining capacity and hashrate and become vertically integrated.
Growth Trajectory and Initiatives
Historical Growth: CleanSpark has experienced rapid growth in its Bitcoin mining operations due to strategic acquisitions and expansion of mining facilities.
Future Projections: Future growth is projected to continue as CleanSpark expands its mining capacity and benefits from increasing Bitcoin adoption. Analyst estimates vary based on Bitcoin price forecasts and market conditions.
Recent Initiatives: Recent initiatives include acquiring new mining facilities, increasing hash rate capacity, and focusing on sustainable energy sources.
Summary
CleanSpark is a Bitcoin mining company focused on sustainable practices. It's rapidly growing its mining capacity through acquisitions, but its performance remains heavily tied to Bitcoin price volatility. A focus on renewable energy differentiates it, but reliance on capital markets and competition from larger miners presents challenges. The company needs to effectively manage costs and adapt to changing regulations for continued success.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Filings
- Analyst Reports
- Industry News
- Bitcoin Price Data
Disclaimers:
The information provided is for informational purposes only and should not be considered financial advice. Investment decisions should be based on thorough research and consultation with a qualified financial advisor. Market share estimates are approximate.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About CleanSpark Inc
Exchange NASDAQ | Headquaters Henderson, NV, United States | ||
IPO Launch date 2016-01-29 | CEO, President & Director Mr. Zachary K. Bradford CPA | ||
Sector Financial Services | Industry Capital Markets | Full time employees 256 | Website https://www.cleanspark.com |
Full time employees 256 | Website https://www.cleanspark.com |
CleanSpark, Inc. operates as a bitcoin mining company in the Americas. It owns and operates data centers. Its infrastructure supports Bitcoin, a digital commodity and a tool for financial independence and inclusion. 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 headquartered in Henderson, Nevada.
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