Thursday, February 18, 2021 7:42:01 PM
Company currently mines 2 Bitcoin per day (over 100k in revenue) while also doing it more cost efficiently than other companies.
They may even do advising for mining companies in the future
Right now the company is expanding its Bitcoin Hashing power to 6 to 9 Bitcoin per day by summer. If they reached 9 Bitcoin per day, that represents 1% of the total new Bitcoins mined per day (900 made per day out of the remaining 21 million).
At current Bitcoin prices, that's $450,000 worth of Bitcoin per day. Cathy Woods of Ark invest, notes however, that if institutions continue to by Bitcoin and follow Microstrategy's lead and Teslas investment of 1.5 billion worth of Bitcoin, it could drive the price of Bitcoin up to 250,000 per day or higher. 9 of those a day brings this company producing some of the most cost efficient Bitcoin at over a million dollars worth per day.
In addition, the outages we're seeing in places like Texas can be reduced using Cleansparks micro grid technology. 2 prevelant issues happening NOW, and this company fits the bill. Currently price targets across various analysts has this at a minimum of a $50 valuation. While others are higher. And this market has seen company after company shoot past their valuations (remember Palintir at 13.00?) This is a forward thinking company that will join the ranks of the likes of Square and other innovators, albeit in a different sector.
Recent CLSK News
- OKX Introduces X Layer for Scaling ETH, GBTC Holdings Halve Post-Launch, and More Crypto News • IH Market News • 04/16/2024 05:48:05 PM
- Aptos Declines Ahead of Token Unlock, Hong Kong Nears Approval of Crypto ETFs, and More Updates • IH Market News • 04/12/2024 06:14:12 PM
- CleanSpark Exceeds 17 EH/s, Exercises and Upgrades Previously Announced Option for 100,000 Bitcoin Mining Machines • PR Newswire (US) • 04/12/2024 01:00:00 PM
- CleanSpark Releases March 2024 Bitcoin Mining Update • PR Newswire (US) • 04/01/2024 11:00:00 AM
- Crypto: Bitcoin ETFs Experience 3 Consecutive Days of Outflows, CryptoPunk Fetches $16.42M in Sale, and More • IH Market News • 03/21/2024 07:17:25 PM
- CleanSpark Releases February 2024 Bitcoin Mining Update • PR Newswire (US) • 03/01/2024 02:00:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/28/2024 02:43:04 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/28/2024 02:39:47 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/28/2024 02:37:06 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/27/2024 09:58:11 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/27/2024 09:55:20 PM
- CleanSpark Exceeds 15 EH/s, Completes Acquisition of Mississippi Bitcoin Mining Data Centers • PR Newswire (US) • 02/27/2024 02:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/16/2024 07:13:06 PM
- CleanSpark Exceeds 14 EH/s as Sandersville Expansion Comes Online • PR Newswire (US) • 02/15/2024 02:00:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/14/2024 12:54:55 AM
- Futures Pointing To Roughly Flat Open On Wall Street • IH Market News • 02/12/2024 02:08:18 PM
- S&P 500 Closes Above 5,000 As Tech Stocks Rally • IH Market News • 02/09/2024 09:42:31 PM
- Bitcoin Breaks $47K Barrier, COTI’s Surge with MPC Protocol, and Latest Updates • IH Market News • 02/09/2024 05:47:25 PM
- Cloudflare Skyrockets 26% Pre-Market; Expedia Plunges 14% After CEO Resignation, and More • IH Market News • 02/09/2024 10:51:57 AM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 02/08/2024 09:30:41 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/08/2024 09:10:13 PM
- CleanSpark Reports First Quarter FY2024 Financial Results • PR Newswire (US) • 02/08/2024 09:00:00 PM
- U.S. Index Futures Dip Slightly, Oil Prices Climb • IH Market News • 02/08/2024 10:56:39 AM
- Crypto: SEC Postpones Ether ETF Decision, Hut 8 Leadership Transition, and Latest News • IH Market News • 02/07/2024 07:17:02 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/06/2024 02:10:12 PM
Coinllectibles' Subsidiary, Grand Town Development Limited, Acquires Rare Song Dynasty Ceramics Worth Over USD28million • COSG • Apr 18, 2024 8:03 AM
ILUS Provides Form 10-K Filing Update • ILUS • Apr 17, 2024 9:54 AM
Glucotrack Announces Expansion of Its Continuous Glucose Monitoring Technology to Epidural Glucose Monitoring • GCTK • Apr 17, 2024 8:00 AM
Maybacks Global Entertainment To Fire Up 24 New Stations in Louisiana • AHRO • Apr 16, 2024 1:30 PM
Cannabix Technologies Begins Certification of Contactless Alcohol Breathalyzer, Re-Brands product series to Breath Logix • BLOZF • Apr 16, 2024 8:52 AM
Kona Gold Beverages, Inc. Acquires Surge Distribution LLC from Loud Beverage Group, Inc. (LBEV) • KGKG • Apr 16, 2024 8:30 AM