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In contrast, the level of institutional interest has shown consistent growth over the last 3 years. CLSK is currently the 284th most popular security held by retail investors. Over the last week, interest has picked up again with the stock rising 63 positions in the rankings. Retail investor interest has waned from highs in March 2022 when CLSK was a top 20 holding by the Fintel Retail Investing Panel. Dobson discussed how CLSK's actions over the past three months position it now as a top five publicly traded miner in terms of monthly BTC production. Colonnese also pointed out that management's track record of strong execution and recent trends of providing conservative guidance were reasons to view the updated outlook as achievable.Įlsewhere, Brain Dobson from Chardan Research increased his price target from $7 to $9 and kept his 'buy' rating firm following the result. Wainwright & Co, increased his target price from $6 to $12 following the result and reiterated his 'buy' call, stating that “strong execution continues despite a tough macro backdrop for miners”. The figure declined -30% compared to Q2 with the reduction attributed to a falling BTC/USD price.ĬleanSpark's stock rose +27.8% on the 10th of August as the market digested the result, but has since erased the gains and more, trending lower again with the Bitcoin spot price. The figure however missed forecasts of $34.5 million by ~10%.ĬLSK clearly stood out with its positive adjusted EBITDA of $15.2 million vs a consensus forecast of $11.6 million. The miner generated $31 million in revenue, growing 342.5% on the $9 million generated in 2021. The company posted negative EPS of -39 cents compared to a forecast of -15 cents by the three sell-side analysts that cover the stock.
#Cleanspark stock forecast update#
In conjunction with the transaction, CLSK also spent about $8.9 million on ~3,400 units of the latest generation Antminer S19 Bitcoin mining machines which are already operating at the facility.ĬleanSpark also provided their third quarter earnings update at the time of the transaction release. If you're ready to be matched with local advisors that can help you achieve your financial goals, get started now. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
#Cleanspark stock forecast free#
SmartAsset's free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Q2 2022 hedge fund letters, conferences and moreįinding a qualified financial advisor doesn't have to be hard. Save it to your desktop, read it on your tablet, or email to your colleagues
#Cleanspark stock forecast series#
Get the entire 4-part series on Henry Singleton in PDF.
#Cleanspark stock forecast pdf#
Get The Full Henry Singleton Series in PDF This brings our Calendar Year Return to positive 1.15% and since inception return to positive 23.22% p.a. Net exposure averaged 1% long, while gross averaged 154%. The fund returned negative 0.96% for the month of July 2022. CleanSpark management expects the facility will add mining capacity of 2.6EH/s to the group's portfolio once the full 86MW of predominantly carbon-free power is completed and fully operational in 2023.Arnott Capital – July Performance UpdateĪrnott Capital commentary for the month of July ended July 31, 2022. The transaction, which was originally announced on the 9th of August, had a value of $16.2 million. On the 19th of August, sustainable bitcoin mining firm CleanSpark (NASDAQ:CLSK ) announced to the market the purchase and completion of an active mining facility located in Washington, Georgia. Report discusses recent acquisition, Q3 results, institutional interest and an analyst opinion
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