Cleanspark mining stock
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The Company’s wholly owned subsidiary is p2kLabs, Inc., which provides design, software development, and other technology-based consulting services. The Digital Currency Mining segment, through its wholly owned subsidiaries, ATL Data Centers LLC (ATL) and CleanBlok, Inc. The Company provides the Energy segment through its wholly owned subsidiaries, which include CleanSpark, LLC, CleanSpark Critical Power Systems, Inc., GridFabric, LLC and Solar Watt Solutions, Inc. The Energy Segment consists of engineering, design and software solutions, custom hardware solutions, Open Automated Demand Response (OpenADR), solar, energy storage for microgrid and distributed energy systems to military, commercial and residential customers in Southern California and throughout the world. The company operates through the following business segments: Energy, Digital Currency Mining, and Other Business Activities. CleanSpark Acquires Plug-in Ready Bitcoin Mining Facility Scalable to 86 Megawatts, or 2.6 EH/s The new site in Washington, Georgia, currently at 36 megawatts, is expected to add 1.1 EH/s to CleanSpark’s hashrate in current quarter, a 38 increase. The Company operates through two segments: Digital Currency Mining and Energy. is a bitcoin mining and energy technology company. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.Information Technology : Software | Small Cap Growth Company profileĬleanSpark, Inc. This article is provided for informational purposes only. The S&P 500 lost 18.91%, the Nasdaq Composite is down 29.50% and the Dow Jones slipped 13.99% since January. It provides an advanced energy software and control technology that allows energy users to obtain resiliency and economic optimization. This has left most major US stock indexes down year-to-date. is a sustainable Bitcoin mining and energy technology company that is focused on solving modern energy challenges.
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However, the software company’s bet on bitcoin is only one mitigating factor for the drop in share price.īroader financial markets have been rattled by a tough macroeconomic landscape as governments and central banks address rapidly growing inflation flowing the pandemic.įor instance, the US Federal Reserve has promised to begin reducing its $9 trillion balance sheet from next month, as it aims to stem rising inflation. At that time bitcoin (BTC) was trading at $16,410.
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The last time MicroStrategy was trading at these levels was on November 9, 2020, when it was trading at $183. The 6 analysts offering price forecasts for Cleanspark have a median target of 24.50, with a high estimate of 50.00 and a low estimate of 6.00. The site is expected to add 2.6 EH/s to CleanSpark’s hashrate once all 86MW of predominantly carbon-free power is. (Nasdaq: CLSK) (the Company), a sustainable bitcoin mining and energy technology company, today announced it has acquired 1,061 Whatsminer M30S. LAS VEGAS, J(GLOBE NEWSWIRE) - CleanSpark, Inc. (Nasdaq: CLSK), America’s Bitcoin Miner, today announced it has closed on the acquisition of an active bitcoin mining facility located in Washington, Georgia. Newly acquired machines are already fully operational This is an incredible market for builders, said CEO Zach Bradford. This spread across the crypto market putting downward pressure on all digital assets. 19, 2022 (GLOBE NEWSWIRE) CleanSpark, Inc. MicroStrategy’s massive bet on bitcoin – it and its entities currently hold 129,218 bitcoins – is now in the red having fallen below the average purchase price of $30,700.īitcoin (BTC) was trading at $28,746 dollars, at the time of writing, having fallen below $30,000 on May 12 following the collapse of Terra’s stablecoins TerraUSD (UST). This represents a drop of more than 55% over the past month, down from $427.05 on April 25. Shares in Michael Saylor’s software company were trading at $188.50 at the time of writing, according to Nasdaq data via TradingView. Earnings Estimates - Current Qtr 09/30/22 Average Estimate -0.40 Number of Estimates 1 High Estimate -0.40 Low Estimate -0.40 Prior Year 0.18 Growth Rate. MicroStrategy was trading at 18-month lows on Tuesday as cryptocurrency prices continue to fall in tandem with broader financial markets.