CLEANSPARK INC (CLSK)
Cleanspark Inc. (CLSK) is a technology and energy company that specializes in energy software and renewable energy solutions. It develops and deploys software for energy management and optimization, focusing on integrating renewable energy sources and enhancing grid resiliency. The company is also involved in renewable energy project development, including battery storage and microgrid systems.
Company News
Canaan reported Q2 2025 revenue of $100.2 million, up 40% year-over-year, with record adjusted EBITDA of $25.3 million. The company expanded U.S. manufacturing, saw significant growth in home miners, and provided Q3 revenue guidance of $125-$145 million.
As Bitcoin reaches new all-time highs, investors are advised to focus on Bitcoin mining stocks like CleanSpark, Riot Platforms, and Marathon Digital Holdings, which offer potential for significant growth by capitalizing on the cryptocurrency's rising value.
Several mid-cap stocks, including Oklo, CleanSpark, and Wolfspeed, saw significant gains last week. The article highlights the reasons behind the stock movements and encourages readers to check if these companies are in their portfolios.
The HR Technology Conference & Exposition announced the participants of its 2024 Pitchfest, a startup competition that will take place during the annual conference in September 2024. The competition will feature 31 companies presenting their concepts to a panel of judges and the audience.
CleanSpark, a renewable energy-focused Bitcoin miner, is scheduled to report its third-quarter fiscal 2024 results on Aug 8. The company's use of renewable energy and aggressive expansion strategy have been the major growth drivers, and its low-cost operational base makes it immune to the impact of Bitcoin halving. However, the stock's valuation appears stretched, and its performance is closely tied to Bitcoin's price movement, making it a risky bet in the near term.
