Upturn unsubscribed user
$1.14/ day, billed weekly
Cancel anytime
(Ad-Free, Unlimited access)​
NO CREDIT CARD REQUIRED
CLSK
Upturn stock ratingUpturn stock rating

CleanSpark Inc (CLSK)

Upturn stock ratingUpturn stock rating
$12.48
Last Close (24-hour delay)
Profit since last BUY29.73%
upturn advisory
Strong Buy
BUY since 36 days
  • BUY Advisory
  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
  • Loss
  • Pass (Skip investing)
Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
  • YEAR
  • MONTH
  • WEEK

Upturn Advisory Summary

07/02/2025: CLSK (3-star) is a STRONG-BUY. BUY since 36 days. Profits (29.73%). Updated daily EoD!

Upturn Star Rating

rating

Moderate Performance

These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.

Number of Analysts

rating

10 Analysts rated it

Moderately tracked stock, growing coverage, gaining market and investor attention.

1 Year Target Price $19.1

1 Year Target Price $19.1

Analysts Price Target For last 52 week
$19.1 Target price
52w Low $6.45
Current$12.48
52w High $20.49

Analysis of Past Performance

Type Stock
Historic Profit 73.3%
Avg. Invested days 33
Today’s Advisory Strong Buy
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 4.0
Stock Returns Performance Upturn Returns Performance 4.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 07/02/2025

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

ai summary icon Upturn AI SWOT

CleanSpark Inc

stock logo

Company Overview

overview logo 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.

business area logo 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 logo 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

overview logo 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 logo 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

competitor logo 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.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization 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
Full time employees 256

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.