In the recent 10-Q, CleanSpark reported $45.5 million in revenue, a 7% sequential increase and 22% year-over-year increase. In this article, we'll dive into the key takeaways from the latest earnings report, the balance sheet, and the elephant in the room. Since then, we have two fresh quarters of financial data to assess and a significant move upward in production capacity. My bull case from that article was the company's low debt and efficient miner fleet. I last covered the company in April shortly before earnings for calendar year Q1-23. All rights reserved.One of the Bitcoin ( BTC-USD) mining stocks that has been quickly scaling production capacity in recent months is CleanSpark ( NASDAQ: CLSK). Stake and Stake Super are registered trademarks in Australia.Ĭopyright © 2024 Stake. Past performance of any product described on this website is not a reliable indication of future performance. All financial products involve risk and you should ensure you understand the risks involved as certain financial products may not be suitable to everyone. By using our website or service in any way, you agree to our Privacy Policy and Terms & Conditions. Please view our Financial Services Guide, Terms & Conditions, Privacy Policy and Disclaimers before deciding to invest on or use Stake or Stake Super. As investments carry risk, before making any investment decision, please consider if it’s right for you and seek appropriate taxation and legal advice. Any advice given by Stake is of a general nature only. At Stake and Stake Super, we’re focused on giving you a better investing experience but we don’t take into account your personal objectives, circumstances or financial needs. For more information about SMSFs, see our SMSF Risks page.The information on our website or our mobile application is not intended to be an inducement, offer or solicitation to anyone in any jurisdiction in which Stake is not regulated or able to market its services. Stakeshop Pty Ltd will also run marketing and promotions to you under. You will also be referred to Stakeshop Pty Ltd to enable your trading account and bank account to be set up in order to use the Stake Website and/or App. When you sign up to Stake Super, you are contracting with Stake SMSF Pty Ltd who will assist in the establishment of a SMSF under a ‘no advice model’. This specifically applies to any financial products which are established if you instruct Stake Super to set up a self managed super fund (‘SMSF’). Stake SMSF Pty Ltd (‘Stake Super’) is not licensed to provide financial product advice under the Corporations Act. Stake is not authorised by Sanlam under Sanlam’s AFSL to arrange for clients to be issued with a non-cash payment facility as Sanlam is not authorised under its AFSL for this purpose. Stake is not authorised by Airwallex under Airwallex’s AFSL to arrange for clients to be issued with securities as Airwallex is not authorised under its AFSL for this purpose. 1241398) of Airwallex Pty Ltd (Australian Financial Services Licence No. 337927) ('Sanlam') and an authorised representative (Authorised Representative No. 1241398) of Sanlam Private Wealth Pty Ltd (Australian Financial Services Licence No. Stakeshop Pty Ltd, trading as Stake, ACN 610105505, is an authorised representative (Authorised Representative No. Open an account and start investing today! The Company, through its subsidiaries, CSRE Properties Norcross, LLC, CSRE Property Management Company, LLC, CSRE Properties, LLC, CSRE Properties Washington, LLC, CSRE Properties Dalton, LLC, and CleanSpark HQ, LLC, maintains real property holdings.īuy US stocks in Australia starting with CLSK. The Company, through its subsidiaries, ATL Data Centers LLC, CleanBlok, Inc., CleanSpark DW, LLC, and CleanSpark GLP, LLC, mines bitcoin. It operates around 88,954 bitcoin mining machines, with a hash rate capacity of approximately 9.6 Exa hashes per second (EH/s) and a fleetwide efficiency of 28.4 joules per tera hash (J/TH). It does not host miners for any other companies, and has a partner in Massena, New York, who hosts approximately 50 MW for the Company. The Company is developing an additional 150 MW at its data center in Sandersville, Georgia. The Company independently owns and operates approximately five data centers in Georgia for a total developed capacity of 230 megawatts (MW).
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