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Cleanspark bitcoin mining3/24/2023 With increasing energy crises, it is more important now than ever to maximize efficiency and minimize the carbon footprint of our operations," said Rich Inman, vice president of technology. Coupling our expanding cryptocurrency mining operations with additional clean energy resources both onsite and in the surrounding communities is integral to our core values as stewards for the environment. "As a company, CleanSpark has consistently been committed to increasing clean, reliable, distributed energy into the world's electrical grids. The Company is now a leading sustainable miner and paving the way for clean mining best practices in the worldwide call-to-action. CleanSpark draws on its clean energy background to take an efficient approach to Bitcoin’s high energy usage. A second data center, located in Gwinnett County, was acquired in August 2021 with plans to invest $145 million in capital and human investments over the next five years. CleanSpark implements an ESG approach by sourcing regional energy mixes with strong renewable energy portfolios for its mining facilities in Norcross and College Park, Georgia.ĬleanSpark entered the bitcoin mining industry in December 2020 with its purchase of ATL Data Centers. (Nasdaq: CLSK) (the "Company" or "CleanSpark"), a sustainable bitcoin mining and energy technology company, today announced the one-year anniversary of its bitcoin mining operations. 16, 2021 (GLOBE NEWSWIRE) - CleanSpark, Inc. raised its position in shares of CleanSpark by 457.7% during the second quarter. now owns 2,340,738 shares of the company's stock worth $28,955,000 after acquiring an additional 498,502 shares during the last quarter. lifted its position in CleanSpark by 27.1% during the 1st quarter. Institutional Inflows and OutflowsĪ number of institutional investors and hedge funds have recently bought and sold shares of CLSK. 3.88% of the stock is currently owned by corporate insiders. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Following the purchase, the chief financial officer now owns 147,157 shares in the company, valued at $261,939.46. The stock was acquired at an average price of $1.78 per share, with a total value of $34,532.00. In other CleanSpark news, CFO Gary Anthony Vecchiarelli acquired 19,400 shares of CleanSpark stock in a transaction that occurred on Friday, December 16th. The firm's 50 day moving average price is $2.46 and its two-hundred day moving average price is $3.21. CleanSpark has a 1 year low of $1.74 and a 1 year high of $13.91. The firm has a market cap of $241.67 million, a price-to-earnings ratio of -6.35 and a beta of 3.90. CleanSpark Stock PerformanceĬleanSpark stock opened at $3.24 on Friday. Finally, BTIG Research lowered their price objective on shares of CleanSpark from $10.00 to $8.00 and set a "buy" rating on the stock in a research report on Thursday. Chardan Capital lowered their price objective on shares of CleanSpark from $6.00 to $5.00 and set a "buy" rating on the stock in a research report on Thursday, December 15th. They issued an "overweight" rating and a $5.00 price target on the stock. Cantor Fitzgerald assumed coverage on shares of CleanSpark in a research report on Friday, December 9th. Other research analysts have also issued research reports about the stock. HC Wainwright also issued estimates for CleanSpark's Q1 2024 earnings at ($0.29) EPS, Q2 2024 earnings at ($0.19) EPS, Q3 2024 earnings at ($0.57) EPS, Q4 2024 earnings at ($0.55) EPS and FY2024 earnings at ($1.70) EPS. HC Wainwright's target price points to a potential upside of 270.37% from the stock's current price. They presently have a $12.00 price target on the stock.
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