CleanSpark (CLSK) Stock Forum & Discussion

2Wk·

#CleanSpark, Inc. FY2024 #EarningsReport Summary | $CLSK (+0.75%)

In FY2024, CleanSpark achieved record-breaking results, leveraging a counter-cyclical growth strategy and operational excellence to outpace Bitcoin halving and network difficulty increases. Strategic expansion in infrastructure and efficiency improvements contributed to substantial financial and operational progress.

📊 Income Statement Highlights (vs. FY2023):

▫️Total Revenue: $378.97M vs. $168.41M (+125.00%)

▫️Net Loss: ($145.78M) vs. ($138.15M)

▫️Loss per Share (Basic): ($0.69) vs. ($1.30) (+46.92%)

▫️Adjusted EBITDA: $245.85M vs. $25.03M (+882.92%)

▫️Bitcoin Production: 7,100 BTC (+~30% YoY).

📈 Operational Metrics:

▫️Current hashrate: 33.5 EH/s, targeting 37 EH/s by end of 2024 and 50 EH/s in 2025.

▫️Energy portfolio expanded to 726 MW (+423 MW YoY).

💼 Balance Sheet Highlights (as of September 30, 2024, vs. FY2023):

▫️Cash and Equivalents: $122.22M vs. $29.22M (+318.22%)

▫️Bitcoin Holdings: $509.49M vs. $56.24M (+806.14%)

▫️Total Assets: $1.96B vs. $761.58M (+157.60%)

▫️Total Liabilities: $201.82M vs. $85.91M (+134.82%)

▫️Stockholders' Equity: $1.76B vs. $675.67M (+160.66%).

🔮 Future Outlook:

CleanSpark anticipates further growth in mining capacity, aiming to achieve a hashrate of 50 EH/s by 2025. The company plans to capitalize on scale efficiencies and favorable energy markets to maximize profitability while managing risks associated with Bitcoin price volatility and regulatory changes.

6

Sarath M.

@MegaKon

3Wk·

$BTC (-2.65%) up and miners $CLSK (+0.75%) , $BITF (-2.41%) and others keep going down

Institutions are suppressing price

2

1 Comment

Sarath M.@MegaKon

3Wk

Miners are Ripping 1:1 BTC

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BamBamInvest

@BamBamInvest

4Wk·

$BTC (-2.65%) - the largest companies in the world when it comes to $BTC (-2.65%) in the balance sheet.

$MSTR (+8.98%)
$MARA (-3.48%)
$RIOT (+0.64%)
$TSLA (-4.58%)
$COIN (+0.27%)
$HUT
$CLSK (+0.75%)
$SQ (+1.31%)

https://bitcointreasuries.net/

8

11 Comments

Tenbagger2024@Tenbagger2024

4Wk

I find Block $SQ very interesting. Seems to be breaking out of the longer sideways movement.
Bam my friend, what is your opinion

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₿ M.

@AtomicPivot

4Wk·

$CLSK (+0.75%)

My thoughts on my current CLSK position:

Underperformance against BTC and other stocks in the segment in recent weeks and months
Successive increase in the short ratio since April to 22.11%
Miners were shorted in pair trades by large institutions as a hedge on long positions - Matthew Schultz CEO Cleanspark recently reported on this in an interview with RexFinance
Citron recently reported a short position on $MSTR (+8.98%) serving as a hedge while they remain bullish on crypto

Are we now seeing a shift in favor of miners?

What happens to miners when long positions in crypto are closed?

Will the short positions also be covered or will the miners even be included as long positions while e.g. $MSTR (+8.98%) or $COIN (+0.27%) are increasingly shorted as hedges?

I will stay invested and see.

Any opinions on this?

2

dOk

@doks

1Mon·

Today just after the market opened, I bought $MSTR (+8.98%) for FOMO together with $CLSK (+0.75%) (on friday)

It doesn't matter if the prices are ATH, but I believe that $BTC (-2.65%) will continue to grow a lot and $MSTR (+8.98%) behaves like leveraged $BTC (-2.65%) x3

11.11

MicroStrategy

Bought at $298.08

4

5 Comments

Meister L.@Lumimyrsky

1Mon

would you have posted if they were down 20%?

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MH711

@MH711

1Mon·

$CLSK (+0.75%) What's going on today? Why is trading suspended?

2

1 Comment

Marcel@Mcl1991

1Mon

Maybe a wallstreetbets action?

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Techaktien

@Techaktien

1Mon·

Bitcoin with a new 6-month high. All-time high was 73.700$. A few weeks ago, so-called chart technology experts were still forecasting $43,800.

$BTC (-2.65%)
#bitcoin
#krypto
#crypto
$COIN (+0.27%)
$MSTR (+8.98%)
$RIOT (+0.64%)
$MARA (-3.48%)
$CLSK (+0.75%)
$IREN (+2.25%)
$WULF

25

18 Comments

Stefan21@stefan_21

1Mon

@Seebi Is the 40k still coming?😁😘

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Techaktien

@Techaktien

2Mon·

Monthly performance of crypto stocks in September

+27% MicroStrategy

+27% Bitdeer Technologies

+24% Advanced Blockchain

+22% Hut 8 Corp

+18% Cipher Mining

+17% VanEck Crypto & Blockchain ETF

+16% Global X Blockchain ETF

+14% Terawulf

+13% Galaxy Digital

+12% Iris Energy

+10% Bitcoin for comparison

+7% Riot Platforms

+2% Bitcoin Group

+1% Hive Digital

+1% CleanSpark

+1% Coinbase (Coinzi)

+0% Bit Mining

+0% Northern Data

-3% Argo Blockchain

-4% Marathon Digital

-15% Coinshares International

>> Which ones are you invested in?

#bitcoin
$BTC (-2.65%)
$IREN (+2.25%)
$CIFR (-2.64%)
$HUT (-2.14%)
$MSTR (+8.98%)
$GLXY (+1.81%)
$BTDR
$COIN (+0.27%)
$WBKN (+0.09%)
$ARB (+5.56%)
$ABX (-3.13%)
$RIOT (+0.64%)
$HIVE (-1.31%)
$MARA (-3.48%)
$CLSK (+0.75%)
$ADE (-6.62%)
$WULF
$NB2 (+1.81%)
#krypto
#crypto

5

4 Comments

Kate💎 🙌.@Iwanowitsch

2Mon

I sold Microsoft Strategy yesterday after a short holding period with over 28% 🥹

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Techaktien

@Techaktien

2Mon·

Weekly performance of crypto stocks (28.09.)

+40% Cipher Mining

+25% Iris Energy

+21% MicroStrategy

+19% Hut 8 Corp

+17% Galaxy Digital

+16% Bitdeer Technologies

+14% Global X Blockchain ETF

+12% Coinbase (Coinzi)

+12% CleanSpark

+12% VanEck Crypto & Blockchain ETF

+11% Argo Blockchain

+10% Marathon Digital

+8% Riot Platforms

+6% Hive Digital

+6% Bitcoin Group

+5% Bit Mining

+4% Terawulf

+4% Bitcoin for comparison

+4% Northern Data

+2% Advanced Blockchain

-7% Coinshares International

#bitcoin
$BTC (-2.65%)
$IREN (+2.25%)
$CIFR (-2.64%)
$HUT (-2.14%)
$MSTR (+8.98%)
$GLXY (+1.81%)
$BTDR
$COIN (+0.27%)
$WBKN (+0.09%)
$ARB (+5.56%)
$ABX (-3.13%)
$RIOT (+0.64%)
$HIVE (-1.31%)
$MARA (-3.48%)
$CLSK (+0.75%)
$ADE (-6.62%)
$WULF
$NB2 (+1.81%)
#krypto
#crypto

5

MH711

@MH711

6Mon·

Hello everyone,

I would be interested in your opinion on my portfolio and possible optimization options. In addition to individual short-term trades, the aim is primarily to build up long-term assets.

In addition to my positions in the portfolio, I have an OSKAR 90 ETF savings plan, which is made up as follows and should generate an average return (p.a.) of approx. 8.5%

$SPEP (+0.34%) ==> 22%

$SAEU (-0.93%) ==> 19%

$SAEM (-0.06%) ==> 15%

$LGAG (-0.05%) ==> 14%

$WSML (+0.52%) ==> 13%

$SAJP (-0.64%) ==> 5%

The focus in the portfolio on tech and a certain amount of crypto is intentional, but not set in stone.

I will sell the $CLSK (+0.75%) I will sell the position soon, as it is also part of the $BLKC (-0.5%) ETF.

I also want to get rid of $WEW (-0.41%) , $LHA (+1.28%) and $VOW3 (+2.71%)

Thank you very much!

13Positions

€42,818.50

5.18%

2

2 Comments

Manuel@Variett

6Mon

Can't see any direct strategy in the individual positions. It is a mixture of crypto, German companies and some US growth.

You may not like my personal opinion on your ETFs, but ESG is unfortunately a scam. It's supposed to be a socially responsible or environmentally friendly investment, but if you look at the positions you'll find companies like ExxonMobil, Chevron, Rheinmetall and so on. Why? Because investors still primarily want to make money.

I would really take another look at where I want to go with the portfolio and how, and liquidate or further expand positions accordingly.

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