CleanSpark Inc (CLSK) Share Price

Mmmmmm nice dip and no words here?

New major risk for CLSK - Revenue and earnings growth

Earnings are forecast to decline by an average of 40% per year for the foreseeable future.

This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns.

Currently, the following risks have been identified for the company:

Major Risks

• Share price has been highly volatile over the past 3 months (16% average weekly change).
• Earnings are forecast to decline by an average of 40% per year for the foreseeable future.
• High level of non-cash earnings (33% accrual ratio).
• Shareholders have been substantially diluted in the past year (102% increase in shares outstanding).

Minor Risk

• Significant insider selling over the past 3 months (US$17m sold).

Going to buy some $CLSK here soon (in low $16s). Stock hit after inflation news but down $2 from morning highs after INCREDIBLE earnings. That's nuts. #BTC to hold $59s and go after $67k next week. $MSTR, $COIN $MARA $WULF $IREN $CIFR— Bill Tsamis (@BillTsamis) May 10, 2024

Rough timeline from the earnings call for $CLSK to have their 2 new sites outside of Cheyenne up and running. I also mixed in a little speculative DD of my own into the business I believe they bought. Those parts are unconfirmed, but it all adds up:

1. Close in ~45 days = end… https://t.co/GxUTvdWOEI— D.R. Lewis ⚡ (@Charge_Stack) May 10, 2024

$CLSK Earnings and Reaction 🐺
Put the cork back in the champagne 🍾 “Charts Don’t Lie” ride redline📉 pic.twitter.com/Fb2zUMChfy— Nostradamus (@RareSterling) May 9, 2024

$CLSK's Q2 FY2024 financial results ended March 31, 2024:

*Revenue: $111.8 million
*Net Income: $126.7 million
*Adjusted EBITDA: $181.8 million
*Total Assets: $1.54 billion

Revenue grew by 163% YoY and our current #bitcoin mining #hashrate surpasses 17 EH/s.

Read the full press release here: https://bit.ly/3ycMzXi
Introducing $CLSK's Q2 FY2024 financial results ended March 31, 2024:

*Revenue: $111.8 million
*Net Income: $126.7 million
*Adjusted EBITDA: $181.8 million
*Total Assets: $1.54 billion

Revenue grew by 163% YoY and our current #bitcoin mining #hashrate surpasses 17 EH/s.

Read… pic.twitter.com/sKOAnIGEIy— CleanSpark Inc. (@CleanSpark_Inc) May 9, 2024

rip the shorts, force em to cover then take it down

the games they play

aGREED....

rug pull probably coming

You guys will have balls whoever keeps this over the weekend

17.77

$clsk 13.70 -17.50 nice bounce


BTC price increasing as it should because of todays halving

The bIG question is

will they rug miners ???????????

yup that was Ultra Dirty

meanwhile the CEO tried explaining it away on twitter

what a shame

What a bunch of scammers insiders dumping then drop massive dilution after hours - scumbags

The flippening happened. Very impressive to witness. $CLSK $MARA pic.twitter.com/oYzGoJ42C0— LUQ (@lukxq) March 25, 2024

CEO, President & Director recently sold US$9.0m worth of stock

On the 21st of March, Zachary Bradford sold around 443k shares on-market at roughly US$20.31 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade.

• This was the largest sale by an insider in the last 3 months.
• This was Zachary's only on-market trade for the last 12 months.

https://simplywall.st/stocks/us/software/nasdaq-clsk/cleanspark/ownership?utm_source=braze&utm_medium=email&utm_campaign=Critical+Updates&utm_content=Email

wow what a wild spastic open

One explanation: Investors are pouring money into spot ETFs while avoiding miners due to risks related to the Bitcoin halving.

https://www.coindesk.com/business/2024/03/05/bitcoin-soared-to-an-all-time-high-so-why-arent-miners-blasting-off-too/

21.33-16.82 THAT WAS DIRTY

$clsk 18.65 $btcusd 72.5K $CLSK $MARA $RIOT ETC MORE DIVERGENCE FROM $BTCUSD— THE FINAL COUNTDOWN (@READY_2_PROFIT) March 11, 2024

Added more June 16 calls at 4.80 today! Got the LOD!!!

CLSK is a bitcoin mover along with MARA COIN.

When the fomo hits hard its time to short them but not so much COIN.

mb

WOW that happened fast

almost $24 from my original buy around $4

I sold waaaay too early and regertting

Moving higher

Y
E
P

Up 20% today.....

CLSK Chart

GLAD i SOLD AROUND 5K SHARES MID 17'S

FEELS FROTHY

CLSK Impressive Move as always last few weeks

Crazy

$18's!!!

https://ih.advfn.com/stock-market/NASDAQ/cleanspark-CLSK/stock-news/93270730/form-144-report-of-proposed-sale-of-securities

SNEAKY 6MINS BEFORE CLOSE

Icahn

Where’s the link to Carl Icahn taking a large stake today?

Double Top. Will probably get a little more overextended b4 it corrects. Miner Mania.

Gap to Phil would be good entry, imo.

Other than the chart, nice report!

Key Reversal Day here too! 9.12 low will not be seen again imo

I'm just going off what mara did at 20.00
They did a offering and it went to 8.00 then flew to 32.00
Just hoping for some cheapies

$CLSK 10.29

9.41 https://ih.advfn.com/stock-market/NASDAQ/cleanspark-CLSK/stock-news/92982473/form-8-k-current-report

Wonder if these gaps will fill
Sure would be a nice pick up

Lots of talk about $CLSK
@CleanSpark_Inc
announcing a $500M shelf offering tonight.

https://dilutiontracker.com/app/search/CLSK

Lots of talk about $CLSK @CleanSpark_Inc announcing a $500M shelf offering tonight. Flashback to 3 months ago in October when $MARA dropped a $750M shelf. Love both stocks, and the trajectory for both companies. As long as management uses the shares when the market conditions… pic.twitter.com/TWm8iAyLp5— D.R. Lewis ⚡ (@Charge_Stack) January 6, 2024

Bought 3 June 10 calls at 3.62 here today!

$CLSK MINING UPDATE NEWS: https://ih.advfn.com/stock-market/NASDAQ/cleanspark-CLSK/stock-news/92935527/cleanspark-releases-december-2023-bitcoin-mining-u

All the boards I follow are pretty quiet this week. Not just CLSK.

Rather surprised this board is so quiet, given the steady, sharp uptick of late.
- p

150K BIDDER $8.85 $CLSK

From an email I rec'd today...

CleanSpark
CLSK
Share Price 7 Day 1 Year
8.80 -5.5% 292.9%

New major risk - Share price stability

The company's share price has been highly volatile over the past 3 months.

It is more volatile than 90% of American stocks, typically moving 16% a week.

This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent.

Currently, the following risks have been identified for the company:

Major Risks

• Share price has been highly volatile over the past 3 months (16% average weekly change).
• Shareholders have been substantially diluted in the past year (185% increase in shares outstanding).

Minor Risks

• Less than 1 year of cash runway based on current free cash flow (-US$92m).
• Currently unprofitable and not forecast to become profitable over next 3 years (US$7.5m net loss in 3 years).

gaps to FILL $BTCUSD $MARA $RIOT $CLSK ETC

Could you explain this or fill in the blanks?

CLSK new 52 week high
Compare to Marathon Digital

The company employed more efficient computer servers to mine more Bitcoin but what the CEO doesn’t mention is what it cost to
Purchase those computer servers and how soon they will become obsolete and be replaced by more efficient and more expensive units
The CEO will simply issue more shares to pay for them
But why allow facts to muddy a Number Go Up press release