CleanSpark
Price
Discussion sur CLSK
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16
What disadvantages do you see for $CLSK in this respect?
IREN - Comparison of its competitors
Top 5 Stocks in the dip ( potential )
Hello!
In times like these, it seems interesting to me to talk about the best choices, those that make us reach for our grandma's savings account to buy and take advantage. What are your 5 best stocks right now? These are my choices:$IONQ
$MU (-12,45 %)
$CLSK (-1,93 %)
$QBTS (-10,59 %)
$AMD (-8,01 %)
CleanSpark reported earnings Q1 FY2025 results ended on December 31, 2024
- Revenue: $162.3M, +120% YoY
- Net Income: $246.8M vs $25.9M YoY
- Adjusted EBITDA: $321.6M vs $69.1M YoY
CEO Zach Bradford: "We exceeded 2024 guidance and surpassed 40 EH/s in January, while driving fleet efficiency down to 16.15 J/Th. CleanSpark delivered $162.3 million in revenue at a marginal cost to mine of approximately $34,000 per bitcoin for the quarter."
CFO Gary Vecchiarelli: "We overcame virtually all of the halving impact on the bitcoin block subsidy while growing our current bitcoin treasury to over 10,500 – 100% of which was entirely self-mined by CleanSpark and exclusively in the USA."
🌱Revenue & Growth
- Bitcoin Mining Revenue: $162.3M, +120% YoY from $73.8M
- Bitcoin Treasury: Over 10,500 BTC, all self-mined in USA
- Operating Hashrate: Exceeded 40 EH/s in January
- Fleet Efficiency: Improved to 16.15 J/Th
💰Profits & Financials
- Gross Margin: 57%
- Total Assets: $2.8B
- Cash: $276.6M
- Bitcoin Holdings Value: $929.1M
- Total Liquidity: $1.2B
- Long-term Debt: $641.4M
📌Business Highlights
- Closed $650M convertible bond offering
- Concluded at-the-market offering program
- Marginal cost per bitcoin decreased 6% to ~$34,000 at owned facilities
🔮Future Outlook
- Targeting 50 EH/s in first half of 2025
- Planning expansion in Wyoming, Tennessee, and Georgia
- Replicating regional expansion strategy developed in Georgia nationally
IREN Limited the most efficient Bitcoin miner with enormous potential ?
IREN Limited, formerly Iris Energy Limited, is an Australian-based company that owns and operates data centers powered by 100% renewable energy. Its facilities are optimized for Bitcoin mining, artificial intelligence (AI) cloud services and other power-intensive computing. The mining data centers are located in Canal Flats, Mackenzie, Prince George and Childress. Bitcoin Mining provides security for the Bitcoin network. Al Cloud Services provides cloud compute for Al customers, 1,896 NVIDIA H100 and H200 GPUs. The Canal Flats facility is located in the Canadian Rocky Mountains, 100 kilometers (km) from Cranbrook Regional Airport and 500 km east of Vancouver. Its facility is located in Prince George, the city in northern British Columbia, 500 km north of Vancouver. The facility is located in Childress County, Texas, more than 250 miles northwest of Dallas and in close proximity to several wind and solar power plants in the region. The company operates 200 MW of data centers in Childress.
I have put together a few interesting graphics here and I would be interested in your opinion of the company.
@stefan_21
@Testo-Investor Have you already dealt with the miners, what do you think of $IREN (-0,91 %) ? I would be interested to know ✌️
All- In Cash Cost per $BTC (-1,64 %) :
$IREN (-0,91 %) Record-breaking growth in hash rate
In the year 2024 $IREN (-0,91 %) set a new industry record for the fastest growth in operating hash rate (EH/s) in a single year among the $BTC (-1,64 %) -miners, surpassing 400%.
$IREN (-0,91 %) also held the previous single-year growth record of 350% in 2023.
Graphic: @Agrippa_Inv from 𝕏
According to VanEck, switching from BTC mining to an AI data center of just 20% for $IREN would be worth a capitalization of $6,571,000,000.
Despite $BTC (-1,64 %) halving , $IREN achieved an impressive annual production growth of 55% - the highest growth rate among all public $BTC miners in 2024.
Graphic: @Agrippa_Inv from 𝕏
$CORZ (+0,31 %) , $MARA (+0,69 %) , $RIOT (-1,82 %) , $BITF (-5,41 %) , $CIFR (-8,61 %) , $CLSK (-1,93 %) , $WULF (-2,5 %) ,
+ 2
Bitcoin mining is an extremely competitive business in which only the most efficient miners are successful in the long term. Mining alone is now almost only worthwhile if, for example, overproduced electricity from renewable sources is used, which the miners can get virtually for free - or/and if the miners can also use the heat generated. In principle, Bitcoin mining simply converts electricity 1:1 into heat - Bitcoin is created as a "waste product". That's why there are more and more mining plants that supply neighboring villages and cities with district heating... or vegetable plantations... or or - there are now the wildest constructions :D
Personally, I won't invest in any miners, simply because I know how difficult it is to remain profitable in the long term. I'd rather buy Bitcoin🤪
#CleanSpark, Inc. FY2024 #EarningsReport Summary | $CLSK (-1,93 %)
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.
$BTC (-1,64 %) up and miners $CLSK (-1,93 %) , $BITF (-5,41 %) and others keep going down
Institutions are suppressing price
$BTC (-1,64 %) - the largest companies in the world when it comes to $BTC (-1,64 %) in the balance sheet.
$MSTR (+4,34 %)
$MARA (+0,69 %)
$RIOT (-1,82 %)
$TSLA (-9,97 %)
$COIN (-5,78 %)
$HUT
$CLSK (-1,93 %)
$SQ (-6,52 %)
Bam my friend, what is your opinion
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 (+4,34 %) 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 (+4,34 %) or $COIN (-5,78 %) are increasingly shorted as hedges?
I will stay invested and see.
Any opinions on this?
Today just after the market opened, I bought $MSTR (+4,34 %) for FOMO together with $CLSK (-1,93 %) (on friday)
It doesn't matter if the prices are ATH, but I believe that $BTC (-1,64 %) will continue to grow a lot and $MSTR (+4,34 %) behaves like leveraged $BTC (-1,64 %) x3
