CleanSpark Inc (CLSK)

[Nealio]

Thank you! I hope you find this discussion is beneficial to you as well.

I did a hypothetical of 'how many shares would they need to sell, to raise $20M (a wag at yearly cash needed), that would only be 2.5M shares @ current price of $8 approx.
So even if they did dilute, it wouldn't be a bad hit to value, that would be approx 6% blow to current shareholder value.
I see they say they have 47M in Working Capital, that could be a positive.

More impressive perhaps is the Book Value of Digital Currency: $23.6 million, or 627 bitcoins (fair market value $27.5 million).
Does this Bitcoin value only get accounted for in Assets, or is it also counted in 'Revenue'? That would explain how they increased REvenue so much. So they are holding the Bitcoin? That is good and bad. Have they said if they will hold all Bitcoins they create?

Overall, I'm looking at making a buy as soon as I like the chart. I think this is poised to rocket back up; unless they come out with bad news.