Latest news with #CleanSpark
Yahoo
a day ago
- Business
- Yahoo
Jim Cramer on CleanSpark: 'You Can Speculate With It'
CleanSpark, Inc. (NASDAQ:CLSK) is one of the stocks Jim Cramer reflected on. When a caller inquired about the stock, Cramer made a positive comment about it but noted that it is still speculative. He said: 'Okay, alright, CleanSpark is another one of these stocks that, I mean, frankly, I didn't even know JPMorgan followed that one. I'm not so sure they do. It's another one of those stocks that one headline is going to roll. So, I now say it's okay to have a speculative, look, you can speculate with it as long as you understand that it's speculation and nothing more.' Photo by Bitcoin Executium on Unsplash CleanSpark (NASDAQ:CLSK) operates as a bitcoin mining company and owns data centers that support the Bitcoin network. The company reached its mid-year goal of 50 EH/s in operational hashrate in June 2025, becoming the first Bitcoin miner to achieve this through fully self-operated infrastructure. The milestone reflects a 9.6% monthly increase and improved energy efficiency. The company's CEO commented: 'I want to express my gratitude to our team, especially our COO Scott Garrison and CTO Taylor Monnig, for their grit and leadership. Under their direction, the tireless efforts of our operations and technology teams resulted in the addition of over 10 EH/s of capacity across four states to achieve the ambitious target. With the talent, infrastructure and power contracts in place, CleanSpark is well-positioned to continue scaling.' While we acknowledge the potential of CLSK as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
B. Riley Initiates Coverage of CleanSpark (CLSK) With a Buy Rating
CleanSpark, Inc. (NASDAQ:CLSK) is one of the top bitcoin mining stocks to buy amid bitcoin hike. On July 1, B. Riley initiated coverage of CleanSpark, Inc. (NASDAQ:CLSK) with a Buy rating and $16 price target. CleanSpark (CLSK) Tracks Bitcoin Rally to New High, Jumps 12.5% A hall of server racks, illuminated by blue LED lights and humming with energy. The firm told investors in a research note that CleanSpark, Inc. (NASDAQ:CLSK) should continue to meet its growth targets over the coming 12 months. The company surpassed its mid-year operating hash rate goal of 50 EH/s ahead of schedule on June 24, attaining the status of the first publicly traded bitcoin miner to achieve this scale with fully self-operated infrastructure, the firm noted. The feat represented a 9.6% month-over-month increase, which further bolstered the company's fleet's energy efficiency to 16.15 J/Th. CleanSpark, Inc. (NASDAQ:CLSK) is a bitcoin mining company that independently owns and operates data centers across the US, with locations in Georgia, Mississippi, Tennessee, and Wyoming. While we acknowledge the potential of CLSK as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
6 days ago
- Business
- Yahoo
CleanSpark (CLSK) Sees a More Significant Dip Than Broader Market: Some Facts to Know
CleanSpark (CLSK) ended the recent trading session at $12.78, demonstrating a -1.54% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily loss of 0.01%. At the same time, the Dow lost 0.32%, and the tech-heavy Nasdaq gained 0.05%. The company's stock has climbed by 41.39% in the past month, exceeding the Finance sector's gain of 4.74% and the S&P 500's gain of 5.37%. The upcoming earnings release of CleanSpark will be of great interest to investors. The company is predicted to post an EPS of $0, indicating a 100% decline compared to the equivalent quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $196.39 million, indicating a 88.64% growth compared to the corresponding quarter of the prior year. In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $0.62 per share and a revenue of $764.01 million, indicating changes of +338.46% and +101.6%, respectively, from the former year. Investors should also note any recent changes to analyst estimates for CleanSpark. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential. Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system. Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 53.33% higher. Right now, CleanSpark possesses a Zacks Rank of #4 (Sell). Looking at valuation, CleanSpark is presently trading at a Forward P/E ratio of 20.85. Its industry sports an average Forward P/E of 12.66, so one might conclude that CleanSpark is trading at a premium comparatively. The Financial - Miscellaneous Services industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 90, positioning it in the top 37% of all 250+ industries. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Be sure to use to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Cleanspark, Inc. (CLSK) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
CNBC
17-07-2025
- Business
- CNBC
Lightning Round: I want you to own D-Wave Quantum, says Jim Cramer
'Mad Money' host Jim Cramer weighs in on stocks including: New Gold, CleanSpark, D-Wave Quantum, Bristol-Meyers Squibb, and Flex LNG.
Yahoo
14-07-2025
- Business
- Yahoo
Bitcoin Mining Stocks Lead Crypto Equity Gains After BTC Hits $122K
Bitcoin mining stocks led the gains among crypto equities in early trading on Monday after BTC raced to a new a all-time high just shy of $123,000 (it's since retreated a bit to just under $122,000). MARA Holdings (MARA) traded almost 10% higher at around $20.95 in the first hour after markets opened, while CleanSpark (CLSK) climbed just under 7.5% to $13.59. Fellow mining companies Core Scientific (CORZ) and Riot Platforms (RIOT) saw slightly more modest gains of 4%-5% in early trading. Away from the mining sector, other prominent crypto stocks such as Strategy (MSTR) and Galaxy Digital (GLXY) were both about 3.75% higher, while Coinbase (COIN) and Circle (CRCL) gains were under 2%. Bitcoin had ascended to an all-time high of around $122,870 during the European morning, before dropping back to trade at about $121,700 as the markets opened in the U.S.
