
CleanSpark (CLSK) Stock Forecast & Price Target
CleanSpark (CLSK) Analyst Ratings
Bulls say
Cleanspark Inc. reported impressive financial results for F1Q with revenues reaching $162.3 million, an 82% quarter-over-quarter increase, largely attributed to a 37% rise in average Bitcoin prices and a 33% growth in Bitcoin production. Adjusted EBITDA also saw substantial growth, climbing to $61.0 million for the quarter, significantly outpacing prior results and driving a gross profit margin of 56.7%, thanks to improved fleet efficiency and higher Bitcoin prices. Additionally, the company's increased deployed hash rate and improved production costs indicate scalability and operational efficiency, contributing to a favorable overall outlook for Cleanspark's financial performance.
Bears say
Cleanspark Inc. faces a challenging outlook largely due to its significant exposure to fluctuating bitcoin prices and rising global hash rates, which directly impact its profitability as a bitcoin miner. The company's past equity sales have led to considerable shareholder dilution, coupled with potential future risks posed by unfavorable crypto regulations, tariffs, and increasing competition in the mining sector. Additionally, Cleanspark's operational efficiency may be offset by above-average power costs and vulnerabilities associated with supply chain disruptions, further complicating its financial stability.
This aggregate rating is based on analysts' research of CleanSpark and is not a guaranteed prediction by Public.com or investment advice.
CleanSpark (CLSK) Analyst Forecast & Price Prediction
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