CLSK - Cleanspark Inc Stock Price, Fair Value and News

17.11USD+1.75 (+11.39%)Market Closed

Market Summary

USD17.11+1.75

Market Closed

11.39%

CLSK Alerts

Big jump in Revenue (Y/Y)

Big jump in Earnings (Y/Y)

CLSK Stock Price

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CLSK RSI Chart

CLSK Valuation

Market Cap

3.5B

Price/Earnings (Trailing)

55.08

Price/Sales (Trailing)

12.34

EV/EBITDA

14.87

Price/Free Cashflow

-27.95

CLSK Price/Sales (Trailing)

CLSK Profitability

Operating Margin

59.71%

EBT Margin

24.38%

Return on Equity

4.34%

Return on Assets

4.13%

Free Cashflow Yield

-3.58%

CLSK Fundamentals

CLSK Revenue

Revenue (TTM)

283.6M

Rev. Growth (Yr)

162.77%

Rev. Growth (Qtr)

51.52%

CLSK Earnings

Earnings (TTM)

63.5M

Earnings Growth (Yr)

786.54%

Earnings Growth (Qtr)

389.15%

Breaking Down CLSK Revenue

Last 7 days

-7.1%

Last 30 days

3.4%

Last 90 days

-13.9%

Trailing 12 Months

233.9%

How does CLSK drawdown profile look like?

CLSK Financial Health

Current Ratio

12.5

CLSK Investor Care

Shares Dilution (1Y)

102.21%

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	283.6M	0	0	0
2023	127.6M	142.1M	168.4M	214.4M
2022	104.3M	126.3M	131.5M	122.2M
2021	15.8M	21.4M	40.3M	75.2M
2020	8.2M	10.4M	10.0M	11.3M
2019	1.4M	2.3M	4.5M	5.2M
2018	687.6K	807.4K	927.2K	1.0M
2017	1.2M	817.4K	448.0K	567.8K
2016	0	0	1.9M	1.6M
2014	0	0	0	0

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Tracking the Latest Insider Buys and Sells of Cleanspark Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 27, 2024	schultz s. matthew	sold	-8,466,690	23.07	-367,000	executive chairman
Mar 21, 2024	bradford zachary	sold	-8,997,330	20.31	-443,000	ceo and president
Feb 27, 2024	bradford zachary	sold	-7,641,900	21.00	-363,900	ceo and president
Feb 27, 2024	schultz s. matthew	sold	-6,754,280	20.95	-322,400	executive chairman
Feb 27, 2024	vecchiarelli gary anthony	sold	-549,287	20.93	-26,244	chief financial officer
Feb 26, 2024	schultz s. matthew	sold (taxes)	-2,417,580	20.35	-118,800	executive chairman
Feb 26, 2024	bradford zachary	acquired	-	-	300,000	ceo and president
Feb 26, 2024	bradford zachary	sold (taxes)	-2,402,320	20.35	-118,050	ceo and president
Feb 26, 2024	vecchiarelli gary anthony	acquired	-	-	200,000	chief financial officer
Feb 26, 2024	schultz s. matthew	acquired	-	-	270,000	executive chairman

Which funds bought or sold CLSK recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 14, 2024	ALLIANCEBERNSTEIN L.P.	added	39.47	2,629,100	4,192,160	-%
May 13, 2024	Regal Partners Ltd	new	-	318,000	318,000	0.03%
May 13, 2024	GEODE CAPITAL MANAGEMENT, LLC	added	23.45	58,621,900	101,294,000	0.01%
May 13, 2024	Creative Planning	added	44.88	445,640	695,172	-%
May 13, 2024	Harvest Investment Services, LLC	new	-	610,720	610,720	0.24%
May 13, 2024	Weiss Asset Management LP	new	-	12,382,100	12,382,100	0.43%
May 13, 2024	Jefferies Financial Group Inc.	sold off	-100	-1,268,450	-	-%
May 13, 2024	BANK OF MONTREAL /CAN/	added	124	1,576,620	2,103,600	-%
May 13, 2024	XPONANCE, INC.	new	-	257,277	257,277	-%
May 13, 2024	FMR LLC	added	6.16	284,850	558,394	-%

Are Funds Buying or Selling CLSK?

Are funds buying CLSK calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own CLSK

No. of Funds

Unveiling Cleanspark Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Jan 29, 2024	blackrock inc.	6.5%	11,917,630	SC 13G
Mar 08, 2023	blackrock inc.	4.9%	3,814,009	SC 13G/A
Feb 01, 2023	blackrock inc.	5.4%	3,906,035	SC 13G/A
Feb 04, 2022	blackrock inc.	5.5%	2,277,816	SC 13G
Jan 07, 2021	sabby management, llc	12.%	0	SC 13G/A
Oct 07, 2020	sabby management, llc	5.29%	1,155,000	SC 13G
Jul 21, 2020	discover growth fund, llc	7.09%	1,230,770	SC 13G

Recent SEC filings of Cleanspark Inc

View All Filings

Date Filed	Form Type	Document
May 09, 2024	10-Q	Quarterly Report
May 09, 2024	3	Insider Trading
May 09, 2024	3	Insider Trading
May 09, 2024	8-K	Current Report
May 09, 2024	8-K	Current Report
May 09, 2024	8-K	Current Report
Apr 12, 2024	8-K	Current Report
Apr 11, 2024	AW	AW
Apr 11, 2024	RW	RW
Apr 11, 2024	RW WD	RW WD

Peers (Alternatives to Cleanspark Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
GS	147.8B	67.8B	17.69%	42.33%	15.7	2.18	66.36%	-10.82%
ICE	77.1B	9.7B	0.62%	22.32%	31.08	7.93	0.75%	71.75%
CME	75.7B	5.7B	0.63%	14.34%	23.48	13.36	-1.46%	19.89%
COIN	49.3B	4.0B	-17.36%	234.19%	36.52	12.41	41.89%	159.36%
FDS	16.8B	2.2B	3.62%	11.53%	34.41	7.82	7.26%	9.28%
IBKR	13.0B	6.1B	10.35%	59.01%	4.49	2.14	64.44%	33.59%
MID-CAP
JEF	9.8B	8.2B	10.45%	53.13%	33.83	1.19	17.04%	-68.59%
HLI	8.8B	1.8B	9.34%	53.55%	33.96	4.78	0.16%	-0.33%
EVR	7.5B	2.5B	2.51%	81.32%	29.2	3.07	-6.73%	-35.85%
FRHC	4.1B	1.4B	3.37%	-14.35%	12.33	2.95	96.15%	398.80%
CLSK	3.5B	283.6M	3.43%	233.91%	55.08	12.34	122.34%	153.34%
SMALL-CAP
DFIN	1.8B	802.0M	-1.43%	38.44%	18.03	2.24	-2.34%	8.49%
AMRK	911.2M	10.3B	-1.97%	8.55%	11.44	0.09	24.66%	-47.53%
COHN	17.6M	92.7M	35.50%	36.38%	2.84	0.19	72.05%	185.64%
AAMC	7.7M	3.2M	-20.84%	-96.18%	-0.24	2.42	-44.67%	-104.26%

Cleanspark Inc News

Latest updates

Cleanspark Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	51.5%	111,799	73,786	52,520	45,523	42,546	27,819	26,173	31,029	37,198	37,125	20,918	9,052	8,120	2,258	1,955	3,439	3,658	977	2,323	1,223	724
Cost Of Revenue	18.7%	34,298	28,896	30,401	20,681	22,082	20,416	16,626	10,288	8,684	5,636	2,173	1,147	1,538	1,333	1,279	2,852	2,914	883	2,040	1,006	592
Gross Profit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	925	778	545	704	94.00	284	217	132
Costs and Expenses	-155.9%	-25,322	45,275	121,609	61,108	60,032	56,702	66,831	46,345	34,399	21,814	14,669	21,032	10,617	8,428	-	5,582	5,930	-	-	-	-
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,095	8,514	2,688	2,976	3,086	10,093	2,693	2,720
S&GA Expenses	-100.0%	-	5,003	7,706	5,064	4,329	3,724	3,715	2,119	2,773	1,816	2,553	1,194	1,243	950	272	279	311	231	439	222	159
EBITDA Margin	177.8%	0.75*	0.27*	-0.05*	-0.15*	-0.25*	-0.19*	0.08*	0.33*	0.31*	0.29*	-0.01*	0.62*	-	-	-	-	-	-	-	-	-
Interest Expenses	-3.7%	526	546	600	689	799	889	703	314	8.00	53.00	98.00	19.00	28.00	1.00	21,277	-7,066	-1,891	-1,560	-7,988	-1,495	5,184
Income Taxes	-	11,595	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings Before Taxes	389.2%	126,735	25,909	-69,389	-14,117	-18,166	-30,488	-41,154	-16,611	2,032	15,644	3,549	-14,074	-	-	-	-	-	-	-	-	-
EBT Margin	169.0%	0.24*	-0.35*	-0.78*	-0.73*	-0.83*	-0.71*	-0.30*	0.04*	0.07*	0.07*	-0.26*	-0.66*	-	-	-	-	-	-	-	-	-
Net Income	389.2%	126,735	25,909	-74,879	-14,219	-18,460	-29,031	-42,301	-29,340	-171	14,486	-5,367	-16,677	7,400	-7,167	-7,063	-8,551	-5,815	-1,916	-12,096	-3,971	-7,764
Net Income Margin	158.8%	0.22*	-0.38*	-0.81*	-0.73*	-0.93*	-0.83*	-0.44*	-0.16*	-0.07*	0.00*	-0.54*	-1.10*	-	-	-	-	-	-	-	-	-
Free Cashflow	-7.2%	-42,907	-40,034	-43,955	1,655	6,746	5,100	18,949	5,583	33,871	12,981	-2,873	-9,457	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	78.2%	1,537	863	762	653	532	487	453	411	425	418	317	297	293	78.00	22.00	21.00	22.00	24.00	23.00	33.00	24.00
Current Assets	278.5%	688	182	102	53.00	33.00	21.00	51.00	29.00	42.00	59.00	58.00	52.00	178	33.00	8.00	7.00	8.00	11.00	10.00	11.00	2.00
Cash Equivalents	566.7%	323	48.00	29.00	22.00	10.00	2.00	20.00	3.00	2.00	5.00	18.00	22.00	157	26.00	3.00	2.00	5.00	6.00	8.00	8.00	2.00
Inventory	-	1.00	-	1.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	-	-	-
Net PPE	5.2%	671	637	564	482	440	435	377	322	276	198	138	65.00	15.00	6.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Goodwill	0%	8.00	8.00	8.00	8.00	8.00	8.00	-	12.00	19.00	19.00	12.00	32.00	32.00	20.00	6.00	6.00	6.00	5.00	5.00	5.00	-
Liabilities	42.6%	74.00	52.00	84.00	49.00	58.00	60.00	49.00	34.00	24.00	24.00	12.00	16.00	9.00	6.00	6.00	2.00	10.00	6.00	5.00	3.00	1.00
Current Liabilities	29.8%	55.00	42.00	74.00	37.00	41.00	42.00	34.00	20.00	23.00	22.00	10.00	12.00	7.00	5.00	5.00	2.00	5.00	2.00	2.00	1.00	1.00
Shareholder's Equity	80.5%	1,463	811	677	604	474	427	404	377	401	394	306	282	284	72.00	16.00	18.00	13.00	18.00	19.00	30.00	24.00
Retained Earnings	40.9%	-179	-303	-332	-257	-243	-225	-196	-153	-124	-124	-138	-133	-116	-123	-116	-109	-100	-94.97	-93.06	-80.96	-76.99
Additional Paid-In Capital	47.5%	1,642	1,113	1,009	861	717	652	600	531	525	518	444	415	400	196	133	128	113	113	112	111	100
Shares Outstanding	21.5%	225	186	160	132	97.00	66.00	56.00	41.00	41.00	40.00	37.00	27.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	-	269,523	-	-	-	511	-	-	-	703	-	-	-	7.00	4.00	-	-	-

Cashflow (Last 12 Months)

(In )

Cashflow (Quarterly)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-7.2%	-42,907,000	-40,034,000	-43,940,000	1,670,000	6,761,000	5,115,000	18,964,000	5,598,000	33,886,000	12,996,000	-2,858,078	-9,441,672	-4,852,882	-6,833,578	-2,963,653	-2,416,026	-377,669	-885,386	94,039	-3,284,166	-1,841,418
Share Based Compensation	-1.6%	9,797,000	9,953,000	6,574,000	4,066,500	9,504,000	5,878,000	13,950,000	5,213,000	6,554,000	5,749,000	-52,317	3,399,371	849,015	4,350,643	881,600	261,432	584,100	326,100	276,290	432,971	655,827
Cashflow From Investing	-505.6%	-198,747,000	-32,818,000	-92,912,000	-127,954,000	-54,575,000	-56,488,000	-57,486,000	-22,385,000	-37,107,000	-94,003,000	-35,561,862	-137,687,095	-53,481,129	-2,427,972	284,079	-665,877	-1,492,378	-509,447	-75,190	-242,083	-235,980
Cashflow From Financing	460.6%	516,248,000	92,095,000	144,234,000	137,772,000	56,098,000	32,971,000	56,323,000	17,536,000	-78,000	68,179,000	34,250,397	12,064,095	189,976,640	31,767,261	3,850,000	531,169	-	-67,467	-196,070	9,977,066	-980,069
Buy Backs	-	-	-	-	-	-	-	-	-	-	-	-	892,659	8.00	-	-	-	30.00	-	-	-	-13,750

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CLSK Income Statement

2024-03-31

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Revenues, net
Bitcoin mining revenue, net	$ 111,799	$ 42,488	$ 185,585	$ 70,234
Other services revenue	0	58	0	131
Total revenues, net	111,799	42,546	185,585	70,365
Costs and expenses
Cost of revenues (exclusive of depreciation and amortization shown below)	34,298	22,082	63,194	42,498
Professional fees	2,208	3,750	3,780	6,581
Payroll expenses	16,820	9,750	32,141	19,552
General and administrative expenses	6,819	4,329	11,822	8,053
Loss on disposal of assets	1,652	3	2,329	3
Gain on fair value of bitcoin, net (see Note 2 and Note 5)	(119,702)		(155,743)	0
Other impairment expense (related to bitcoin)	0	194	0	277
Impairment expense - other	396	0	396	0
Impairment expense - goodwill			0	0
Realized gain on sale of bitcoin	0	(1,422)	0	(905)
Depreciation and amortization	32,187	21,346	62,034	40,675
Total costs and expenses	(25,322)	60,032	19,953	116,734
Income (loss) from operations	137,121	(17,486)	165,632	(46,369)
Other income (expense)
Other income	0	11	0	11
Change in fair value of contingent consideration	0	0	0	485
Unrealized loss (gain) on derivative security	(949)	56	(2,192)	(1,215)
Interest income	2,684	52	3,270	122
Interest expense	(526)	(799)	(1,072)	(1,688)
Total other income (expense)	1,209	(680)	6	(2,285)
Income (loss) before income tax expense	138,330	(18,166)	165,638	(48,654)
Income tax expense	11,595	0	12,994	0
Income (loss) from continuing operations	126,735	(18,166)	152,644	(48,654)
Discontinued Operations
(Loss) income from discontinued operations	0	(294)	0	1,163
Income tax expense	0	0	0	0
Loss (income) on discontinued operations	0	(294)	0	1,163
Net income (loss)	126,735	(18,460)	152,644	(47,491)
Preferred stock dividends	2,842	0	3,421	0
Net income (loss) attributable to common shareholders	123,893	(18,460)	149,223	(47,491)
Other comprehensive income	29	29	58	58
Total comprehensive income (loss) attributable to common shareholders	$ 123,922	$ (18,431)	$ 149,281	$ (47,433)
Income (loss) from continuing operations per common share - basic	$ 0.59	$ (0.23)	$ 0.77	$ (0.66)
Weighted average common shares outstanding - basic	209,287,089	80,469,471	193,964,904	73,450,877
Income (loss) from continuing operations per common share - diluted	$ 0.58	$ (0.23)	$ 0.76	$ (0.66)
Weighted average common shares outstanding - diluted	212,099,068	80,469,471	196,903,594	74,032,082
(Loss) Income on discontinued operations per common share - basic	$ 0	$ 0	$ 0	$ 0.02
Weighted average common shares outstanding - basic	209,287,089	80,469,471	193,964,904	73,450,877
(Loss) Income on discontinued operations per common share - diluted	$ 0	$ 0	$ 0	$ 0.02
Weighted average common shares outstanding - diluted	212,099,068	80,469,471	196,903,594	74,032,082

CLSK Balance Sheet

2024-03-31

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2024	Sep. 30, 2023
Current assets
Cash and cash equivalents, including restricted cash	$ 323,052	$ 29,215
Accounts receivable, net	0	5
Inventory	991	809
Prepaid expense and other current assets	4,134	12,034
Bitcoin value	357,981	56,241
Derivative investment asset	505	2,697
Investment in debt security, AFS, at fair value	784	726
Current assets held for sale	324	445
Total current assets	687,771	102,172
Property and equipment, net	670,510	564,395
Operating lease right of use asset	228	688
Intangible assets, net	3,736	4,603
Deposits on miners and mining equipment	161,309	75,959
Other long-term asset	5,718	5,718
Goodwill	8,043	8,043
Total assets	1,537,315	761,578
Current liabilities
Accounts payable and accrued liabilities	43,632	65,577
Current portion of operating lease liability	177	181
Current portion of finance lease liability	52	130
Current portion of long-term loans payable	7,686	6,992
Dividends payable	2,842	0
Current liabilities held for sale	637	1,175
Total current liabilities	55,026	74,055
Long-term liabilities
Operating lease liability, net of current portion	431	519
Finance lease liability, net of current portion	0	9
Loans payable, net of current portion	5,090	8,911
Deferred income taxes	13,851	857
Total liabilities	74,398	84,351
Stockholders' equity
Common stock; $0.001 par value; 300,000,000 shares authorized; 225,469,791 and 160,184,921 shares issued and outstanding, respectively	225	160
Preferred stock; $0.001 par value; 10,000,000 shares authorized; Series A shares; 2,000,000 authorized; 1,750,000 and 1,750,000 issued and outstanding, respectively	2	2
Additional paid-in capital	1,641,643	1,009,482
Accumulated other comprehensive income	284	226
Accumulated deficit	(179,237)	(332,643)
Total stockholders' equity	1,462,917	677,227
Total liabilities and stockholders' equity	$ 1,537,315	$ 761,578

About Cleanspark Inc

CleanSpark, Inc. engages in bitcoin mining operations. It develops sustainable infrastructure for Bitcoin, a tool for financial independence and inclusion. The company also provides traditional data center services to its clients, such as providing customers with rack space, power, and equipment, as well as cloud services, including virtual services, virtual storage, and data backup services. The company was formerly known as Stratean Inc. and changed its name to CleanSpark, Inc. in November 2016. CleanSpark, Inc. was incorporated in 1987 and is headquartered in Henderson, Nevada.

CEO	Mr. Zachary K. Bradford
WEBSITE	cleanspark.com
INDUSTRY	Mortgage Finance
EMPLOYEES	121

Cleanspark Inc Frequently Asked Questions

What is the ticker symbol for Cleanspark Inc? What does CLSK stand for in stocks?

CLSK is the stock ticker symbol of Cleanspark Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Cleanspark Inc (CLSK)?

As of Tue May 14 2024, market cap of Cleanspark Inc is 3.5 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of CLSK stock?

You can check CLSK's fair value in chart for subscribers.

What is the fair value of CLSK stock?

You can check CLSK's fair value in chart for subscribers. The fair value of Cleanspark Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Cleanspark Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for CLSK so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Cleanspark Inc a good stock to buy?

The fair value guage provides a quick view whether CLSK is over valued or under valued. Whether Cleanspark Inc is cheap or expensive depends on the assumptions which impact Cleanspark Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for CLSK.

What is Cleanspark Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Tue May 14 2024, CLSK's PE ratio (Price to Earnings) is 55.08 and Price to Sales (PS) ratio is 12.34. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. CLSK PE ratio will change depending on the future growth rate expectations of investors.