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Looks like maybe a little further correction to go. Will soak up the 8s and 7s if we can.
I am happy to say I bought heavy at $8.55.
Lets go boys 30+ with some moonshots to 45-70
Have a bunch of 1.75’s
WULFs swing opportunity looks massive
Biggest holding MSTR then cold storage BTC WULF COIN BITX HOOD ETHE some SOL
Haha, looking for $34 to be satisfied.
You playing any of the other ones?
Debating between a couple.
Nice! Get ready for ATH’s
Absolutely — snagged a couple hundred more. Break even is 12.40
Don’t get greedy- those 11’s were a gift
Looking for 8s here... 9s I will eat too. Overall, if you have anything in crypto, you need to be holding the miners too. Its all relative.
16.89 algos dropped it on solid news to 15.95
$GRDI $CLSK NEWS https://t.co/CTQVROzVyQ
— THE FINAL COUNTDOWN (@READY_2_PROFIT) June 27, 2024
New major risk for CLSK - Revenue and earnings growth
Earnings are forecast to decline by an average of 40% per year for the foreseeable future.
This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns.
Currently, the following risks have been identified for the company:
Major Risks
• Share price has been highly volatile over the past 3 months (16% average weekly change).
• Earnings are forecast to decline by an average of 40% per year for the foreseeable future.
• High level of non-cash earnings (33% accrual ratio).
• Shareholders have been substantially diluted in the past year (102% increase in shares outstanding).
Minor Risk
• Significant insider selling over the past 3 months (US$17m sold).
Rough timeline from the earnings call for $CLSK to have their 2 new sites outside of Cheyenne up and running. I also mixed in a little speculative DD of my own into the business I believe they bought. Those parts are unconfirmed, but it all adds up:
— D.R. Lewis ⚡ (@Charge_Stack) May 10, 2024
1. Close in ~45 days = end… https://t.co/GxUTvdWOEI
$CLSK Earnings and Reaction 🐺
— Nostradamus (@RareSterling) May 9, 2024
Put the cork back in the champagne 🍾 “Charts Don’t Lie” ride redline📉 pic.twitter.com/Fb2zUMChfy
$CLSK's Q2 FY2024 financial results ended March 31, 2024:
*Revenue: $111.8 million
*Net Income: $126.7 million
*Adjusted EBITDA: $181.8 million
*Total Assets: $1.54 billion
Revenue grew by 163% YoY and our current #bitcoin mining #hashrate surpasses 17 EH/s.
Read the full press release here: https://bit.ly/3ycMzXi
Introducing $CLSK's Q2 FY2024 financial results ended March 31, 2024:
— CleanSpark Inc. (@CleanSpark_Inc) May 9, 2024
*Revenue: $111.8 million
*Net Income: $126.7 million
*Adjusted EBITDA: $181.8 million
*Total Assets: $1.54 billion
Revenue grew by 163% YoY and our current #bitcoin mining #hashrate surpasses 17 EH/s.
Read… pic.twitter.com/sKOAnIGEIy
rip the shorts, force em to cover then take it down
the games they play
aGREED....
rug pull probably coming
$clsk 13.70 -17.50 nice bounce
BTC price increasing as it should because of todays halving
The bIG question is
will they rug miners ???????????
yup that was Ultra Dirty
meanwhile the CEO tried explaining it away on twitter
what a shame
What a bunch of scammers insiders dumping then drop massive dilution after hours - scumbags
CEO, President & Director recently sold US$9.0m worth of stock
On the 21st of March, Zachary Bradford sold around 443k shares on-market at roughly US$20.31 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade.
• This was the largest sale by an insider in the last 3 months.
• This was Zachary's only on-market trade for the last 12 months.
https://simplywall.st/stocks/us/software/nasdaq-clsk/cleanspark/ownership?utm_source=braze&utm_medium=email&utm_campaign=Critical+Updates&utm_content=Email
One explanation: Investors are pouring money into spot ETFs while avoiding miners due to risks related to the Bitcoin halving.
https://www.coindesk.com/business/2024/03/05/bitcoin-soared-to-an-all-time-high-so-why-arent-miners-blasting-off-too/
$clsk 18.65 $btcusd 72.5K
$CLSK $MARA $RIOT ETC MORE DIVERGENCE FROM $BTCUSD
— THE FINAL COUNTDOWN (@READY_2_PROFIT) March 11, 2024
Added more June 16 calls at 4.80 today! Got the LOD!!!
CLSK is a bitcoin mover along with MARA COIN.
When the fomo hits hard its time to short them but not so much COIN.
mb
WOW that happened fast
almost $24 from my original buy around $4
I sold waaaay too early and regertting
Up 20% today.....
GLAD i SOLD AROUND 5K SHARES MID 17'S
FEELS FROTHY
CLSK Impressive Move as always last few weeks
Double Top. Will probably get a little more overextended b4 it corrects. Miner Mania.
Gap to Phil would be good entry, imo.
Other than the chart, nice report!
Key Reversal Day here too! 9.12 low will not be seen again imo
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