Cleanspark stock price series#
Cleanspark stock price free#

The company's now reiterated guidance from August is for about 5 EH/s of hashing capacity by year-end. So we are going a plug first approach on our infrastructure and we are very confident that the spot market will serve us well.ĬEO Zach Bradford, Fiscal Q3 2022 Results - Earnings Call, ĬleanSpark is enabling growth in their total network hash rate share through power supply acquisitions in Georgia. It tries to answer if CleanSpark should be on the watchlist of miners to receive increased allocations if inflation subsides and the Federal Reserve pivots to a less hawkish stance.ĬleanSpark's Power Focused Growth Strategyīut our peers have shown that sometimes the number of machines you have, it doesn't matter unless you have a plug to plug it in. The article below considers these operational strengths and their adjacent risks. The company has a competitive cost structure, a strong capital expense strategy and a regulatory moat provided by its renewable energy focus. Going under the hood beyond the low level of Bitcoin holdings, CleanSpark is relatively strong in a few key areas. So in round terms, CleanSpark with its 4 EH/s has about a 1.75% share and should be producing over 15 Bitcoins per day. Bitcoin's total network hash rate averaged about 225 EH/s over the past month. Put simply, miners are rewarded a share of a set amount of Bitcoins depending on the percentage of the total network hash rate they are able to supply.

Hash rate is the measure of computational capacity a miner applies to a crypto-network, such as Bitcoin, that uses a proof-of-work consensus mechanism to secure its platform. On Tuesday, the company announced that it has now surpassed 4 EH/s of hash rate, a 30% increase in less than one month. However, among these peers it is last in market capitalization, primary because it is punished for having the lowest level of retained digital assets on its balance sheet. Of the eight largest and producing, Nasdaq listed Bitcoin (BTC-USD) miners, CleanSpark is solidly in fourth in deployed, operational and producing hash rate. When doing any ground level miner comparisons, CleanSpark (CLSK) immediately jumps out for its high level of production relative to its market capitalization. This discounting is somewhat arbitrary as they also have a low level of carried debt with only $34 million in total liabilities.Ī recent executive branch report prepared for the White House suggested the possibility to 'eliminate the use of high energy intensity consensus mechanisms for crypto-asset mining.'

Cleanspark stock price series#

Of the eight largest, listed and producing Bitcoin miners, CleanSpark is the best value from a market cap to hash rate share perspective.ĬleanSpark is enabling growth in its total network hash rate share through recent power supply acquisitions in Georgia, including 230 MW of capacity in Sandersville.ĬleanSpark has purchased some Bitmain S19 XPs, but is generally looking to acquire earlier models from the S19 Series on the spot market at depressed prices.ĬleanSpark has been punished for its relatively low level of retained crypto assets.

Sep 28īe Ready To Add CleanSpark When Fed Signals Pivot 'By many measures, including monthly bitcoin production, we are firmly in the top three and we intend to stay there as we build our way out of current market conditions,” said CleanSpark CEO Zach Bradford.ĬLSK shares rose 6% in Tuesday morning trading as bitcoin (BTC-USD) breaks out of $20K, rising 3.6% to $20.11K at the time of writing. The bitcoin (BTC-USD) miner is holding 594 BTC as of September 30. Its deployed fleet of over 42K bitcoin (BTC-USD) miners has a hashrate of 4.16 EH/s, up 21% from the prior month.

Cleanspark stock price free#

'The growth in our HODL balance is a direct reflection of our free cash flow resulting from our recent acquisitions, low operating costs and minimal debt service,” said CleanSpark CFO Gary A.

At the same time, the company, in an effort to fund its growth, sold 380 BTC at an average price of $19,783 for $7.5M in proceeds. CleanSpark bitcoin production climbs 13% in September, sells 380 BTCĬleanSpark (NASDAQ:CLSK) mined 448 bitcoins (BTC-USD) in September, a 13% rise from August.