InvestorsHub Logo
Followers 0
Posts 1
Boards Moderated 0
Alias Born 02/18/2021

Re: None

Thursday, 02/18/2021 7:42:01 PM

Thursday, February 18, 2021 7:42:01 PM

Post# of 868
Cleanspark DD CLSK

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.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent CLSK News