CleanSpark Inc (CLSK)

[AKATITUS]

Tic
Tok

[zeusgodmd]

350 more coins than riot this month

[AKATITUS]

WTF
Sell pre market then buy the dip.
Seems so easy

[AKATITUS]

Hmm
Wonder what tomorrow brings
Maybe the 4.5s was the bottom

[Marsanch1]

CLSK Possible Reversal Points

[AKATITUS]

I can't believe they filled that gap at 5 ish
Was buying all week higher
Haha
Got some chepies today

[zeusgodmd]

Some one bought a million worth. They really want it up today should be good by 3

[zeusgodmd]

Option day closing will see if the big boys are going to loose there money or pump it up today.

[AKATITUS]

Man they play this hard
Reminds me of mara at
5.00

[AKATITUS]

To daa
Moon

[Th_EO]

With bitcoin halving. BTC will soar and take CLSK on the ride. Very bullish here

[dale1953]

Or possibly the company is buying back shares

[zeusgodmd]

Looks like shorts got squeezed and riot investors selling and moving to spark not a dilution machine like riot

[zeusgodmd]

We mined 575 and riot 410 wtf.

[zeusgodmd]

Money maker will shoot to the moon soon

[price_and_volume]

$CLSK mining capacity hits new high:

https://cointelegraph.com/news/cleanspark-s-bitcoin-mining-capacity-hits-8-eh-s-as-new-facility-goes-live

[Monksdream]

CleanSpark Inc NASDAQ: CLSK

GoSymbol lookup
Information Technology : Software | Small Cap BlendCompany profile
CleanSpark, Inc. is a bitcoin mining company. Through its wholly owned subsidiaries, ATL Data Centers LLC (ATL) and CleanBlok, Inc. (CleanBlok), the Company mines bitcoin. Through its subsidiaries CSRE Properties Norcross, LLC, CSRE Property Management Company, LLC and CSRE Properties, LLC, it maintains real property holdings for ATL Data Centers LLC and CleanBlok Inc. The Company also has an interest in Mawson Infrastructure Group Inc., which is engaged in providing a bitcoin mining facility in Sandersville, Georgia, which includes nearly 6,500 miners, or about 560 petahashes per second (PH/s).

[Monksdream]

CLSK bought $10,000

[price_and_volume]

$CLSK mining update:

https://www.prnewswire.com/news-releases/cleanspark-releases-june-2023-bitcoin-mining-update-301868651.html

[zeusgodmd]

Last hour will be a good sell off will see I’m out will get back in after the fall of this one

[zeusgodmd]

Will buy back at 320 bit coin 25 over weekend will see have to have patience and goals

[zeusgodmd]

Bitcoin still going down it will settle then get back in for the ride up. My call was tomorrow and I take money when I’m up.

[price_and_volume]

Easy money is well-earned money.

Pick your spots, take your shots.

Nice job.

[zeusgodmd]

Made 69k today in one day betting on the short. 175000 shares easy money. I would play it both ways. It so far has a hard time getting over 5$

[price_and_volume]

Good call.

will fall to 425

[zeusgodmd]

Will see if I’m right Bitcoin tanking

[price_and_volume]

If you say so, you're the god...

$CLSK vs $BTC (in red) YTD:

[zeusgodmd]

Price has been following Bitcoin movement it dipped today and this stock dipped same with riot

[price_and_volume]

Please clarify:

It’s filling Bitcoin will fall to 425

I'm guessing you mean "it's FOLLOWING $BTC lower and $CLSK will tag $4.25...

Sure, that looks possible.

High-volume-node support pretty clear at $4 fwiw.

[zeusgodmd]

It’s filling Bitcoin will fall to 425

[zeusgodmd]

Bit coin up we up tomorrow

[zeusgodmd]

Bitcoin up tonight we will see another good day good luck to all

[zeusgodmd]

Should follow riot going up

[price_and_volume]

A/S getting bumped from 100MM to 300MM.

See today's 8K.

[pcjockey]

I'm a hopeful skeptic.

I think the crypto market is similar to the OTC in that fraud is not uncommon.

Besides, in the microgrid biz, the company was dealing with hard assets and service.

[Nealio]

Has this Silvercoin fail got you doubting the Bitcoin biz case?

[pcjockey]

Wonder if CLSK could demothball its microgrid energy control business.

Key Bitcoin price metrics point to BTC downside below $22.5K

https://cointelegraph.com/news/key-bitcoin-price-metrics-point-to-btc-downside-below-22-5k

[pcjockey]

Well, last year there was the FTX fiasco which weighed heavily on crypto markets. Not sure that Silvergate will have the same effect, but if CLSK insists on range trading, I'll look for the lows.

[Nealio]

Hmm, thanks for the info.
Guess we'll see how it all plays out. That will probably keep me out for now too. Strange it doesn't seem to be getting much interest on financial sites, is it being hidden? Crypto is not even down on the day.

[pcjockey]

Nealio.... I have divested all CLSK for now due to this

https://finance.yahoo.com/news/crypto-stocks-fall-silvergate-crisis-114647327.html?.tsrc=fin-notif

[pcjockey]

Thanks for the recommendation.

re: CLSK. I'm staying pretty light for now, but still watch it regularly. I'm thinking more downside at this point.

[Nealio]

CLSK- I'm thinking of buying...are you in with some conviction now? Or waiting for a dip to $2 area?

I bought APRN last week on a swing trade too, in case anyone is looking for a rip. I like the chart.

[price_and_volume]

Worth-a-listen: "$CLSK Co-Founder on the importance of Bitcoin mining"

Joe Burnett interviews Matthew Schultz, Executive Chariman and Co-Founder of $CLSK.

Joe and Matthew discuss $CLSK's strategic acquisition of 20,000 new S19j Pro+'s, why BTC mining is so important for energy grids, how $CLSK was able to thrive in the bear market, etc

https://podcasts.apple.com/us/podcast/$clsk-co-founder-on-the-importance-of-bitcoin-mining/id1587713723?i=1000601278924

[pcjockey]

When your financials are based on a volatile currency.

Revenues for the quarter were $27.8 million, a decrease of $9.3 million, or 25%, from $37.1 million for the same prior year period. The Company recognized a net loss for the three months ended December 31, 2022, of $(29.0) million, compared to net income of $14.5 million for the same prior year period.

[Nealio]

In answer to your PM, I don't own CLSK.
I liked it a lot more as a Smart Grid/Tech play; not so enamored with Bitcoin. That said, if I had cash freed, I would have probably bought in the $2 area. GL

[jgrabar]

A securities fraud class action alleging wrongdoing committed by certain of CleanSpark’s Officers and directors has survived a motion to dismiss the complaint. See https://grabarlaw.com/the-latest/cleanspark-shareholder-investigation/

[conix]

CLSK has the capital to pick up crypto mining assets on the cheap. I bought a few miners before the end of the year and doing pretty good so far.

[Nealio]

I briefly looked at the Annual/Quarterly Report: One business tactic stood out, and that was how you decide to sell or hold the Bitcoin you produce. This is one aspect that could have a large effect on their profitability. If they have a skilled analyst or have a proven method, that could be a big positive. That analyst should have been able to show performance on how they handled this since they entered the Bitcoin sector.
Anyone see specifics on that in the latest financials? Or did CEO speak to it in Conf Call?
Thanks!

[pcjockey]

I have bought a little, but staying pretty light.

Bitcoin, all crypto, is an issue right now.

Didn't get in on the conference.

As far as I'm concerned, CLSK has hitched its wagon to bitcoin and unless they change their business model, that's all I need to know.

[Nealio]

Anyone buying here? I still have not dipped my foot again. Chart does not look good yet. Maybe next week it will bottom.
Anyone have a take on the latest conference call? is there any fallback, if Bitcoin does not look favorable in 2023? I did'nt have time to dig that deep into the financials. Was it discussed in the Conf Call? Thanks!