CleanSpark (CLSK, Financial) has successfully reached its mid-year goal by achieving an operational hashrate of 50 exahashes per second. This milestone indicates the company's computing capacity committed to Bitcoin mining, underscoring its expansion efforts in this competitive sector.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 8 analysts, the average target price for Cleanspark Inc (CLSK, Financial) is $20.13 with a high estimate of $25.00 and a low estimate of $15.50. The average target implies an upside of 127.40% from the current price of $8.85. More detailed estimate data can be found on the Cleanspark Inc (CLSK) Forecast page.
Based on the consensus recommendation from 10 brokerage firms, Cleanspark Inc's (CLSK, Financial) average brokerage recommendation is currently 1.9, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Cleanspark Inc (CLSK, Financial) in one year is $11.65, suggesting a upside of 31.64% from the current price of $8.85. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Cleanspark Inc (CLSK) Summary page.
CLSK Key Business Developments
Release Date: May 08, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
- Cleanspark Inc (CLSK, Financial) reported a 12% quarter-over-quarter revenue increase and a 62.5% increase compared to the same period last year.
- The company achieved a gross margin of 53%, demonstrating strong operational efficiency.
- Cleanspark Inc (CLSK) has a total liquidity position of over $1 billion, providing financial flexibility.
- The company has strategically shifted from a near 100% hodl strategy to using a portion of Bitcoin production to support operations, avoiding equity dilution.
- Cleanspark Inc (CLSK) has secured infrastructure to support growth beyond 60 exahash, positioning it well for future expansion.
Negative Points
- Cleanspark Inc (CLSK) reported a net loss of $138.8 million, primarily due to a decrease in Bitcoin's market value.
- The marginal cost per Bitcoin increased by 26% over the first quarter, driven by rising power prices and mining difficulty.
- The company faces challenges from rising energy prices and increasing mining difficulty, impacting operational costs.
- Cleanspark Inc (CLSK) has a total debt of $647.2 million, which could pose financial risks if not managed carefully.
- The company is exposed to potential tariff risks, although it has taken steps to mitigate these through proactive procurement.
