This capacity supports CleanSpark’s target of over 22 EH/s by the end of 2023.ĬleanSpark has also agreed to purchase from Mawson 6,468 of the latest generation mining ASICs for approximately $9.5 million in cash, at a cost of $17 per terahash. (Nasdaq: MIGI) (“Mawson”) to acquire Mawson’s turnkey bitcoin mining facility in Sandersville, Georgia, for up to $33 million. The transaction is expected to add 1.4 exahashes per second (EH/s) to CleanSpark’s hashrate before year-end, 2.4 EH/s in early 2023 and 7.0 EH/s by the end of 2023. As of 12 September, the RSI 9-day stood at 62.04%, suggesting the stock is Neutral, with a 59.49% historical volatility rate.CleanSpark, Inc.(Nasdaq: CLSK) (“CleanSpark”), America’s Bitcoin Miner™, today announced it has entered into definitive agreements with Mawson Infrastructure Group Inc. Here’s a quick look at CleanSpark Inc.’s (CLSK) price momentum from a technical perspective. Equity owned by shareholders amounts to $47.1 million. At the end of CleanSpark Inc.’s most recent quarter ended June 29, its liabilities totaled 34.19 million, while its total debt was $20.16 million. EBITDA was -$8.85 million for the quarter. It was predicted that CleanSpark Inc.’s quarterly earnings would be -$0.39, but it ended up being -$0.15. Net income for the quarter came in at $31.03 million, while revenues rose by 61.59% to $41.64 million. A lower net income was reported in the quarter under review than the previous quarter. Earnings SurpriseĪccording to CleanSpark Inc.’s quarterly financial report for the quarter that ended June 29, it had $12.98 million in total debt versus $31.86 million in cash and short-term investments. In the meantime, the return on equity (ROE) for the last 12 months was -5.60%. There was a -9.30% return on investment (ROI) in the past year. CLSK’s return on assets (ROA) during the last 12 months has been -5.30%. Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. Based on annual data, it had gross profit of $35.47 million and revenue of $49.44 million. CleanSpark Inc.’s operating margin stood at -5.90% for the same period. As far as profitability goes, gross margin for the trailing twelve months is 72.70% percent. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.04, and the total debt to equity ratio is 0.05. Financial Healthįor the three months ended June 29, CleanSpark Inc.’s quick ratio was 1.50, while its current ratio was 1.50, indicating its ability to pay off its debt. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.53, the price-to-book (PB) ratio of 0.54. Valuation Metricsīeta for the stock is 3.46. The transaction was completed for $130,500. Director Wood Thomas Leigh had earlier bought 15,000 shares on Feb 14 for $8.70 a share.

After the transaction, the insider now owns 73,357 shares.

On Feb 16, Vecchiarelli Gary Anthony added 3,357 shares at a price of US$11.18. This transaction resulted in the insider spending $45,100. On Feb 17, Chief Financial Officer Vecchiarelli Gary Anthony acquired 4,400 shares at $10.25 each. (CLSK) last reported insider trading activity on Feb 17. There have been 208 days since CleanSpark Inc. Simply click here and the name & trading symbol are yours. and that's excellent news for individual investors like you who have the foresight to act decisively on an emerging megatrend that's already being measured in the Tens of $Billions. and the Chinese can't do a damn thing about it! It's early stage. Here's one little-known company - trading undiscovered below 25-cents per share - that's advancing one of the largest and highest quality REE deposits in all of North America. China Can't Stop US$0.25 Stock from Mining Ultra-Rare Metal

Cleanspark stock forecast