News

Cleanspark Inc. (NASDAQ:CLSK), a well-known Bitcoin (CRYPTO: BTC) miner, has had a roller coaster of a year. While the stock is still up 87% over the last year, it's taken a sharp nosedive recently — down 22.1% year-to-date and a staggering 30.48% in just the last month.

Iris Energy IREN is charging ahead in the Bitcoin BTC/USD mining arena, setting its sights on a substantial leap in computational power.

Bitcoin miners faced a challenging second quarter of 2024, navigating the fourth Bitcoin BTC/USD halving event that slashed their daily coin yields in half.

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.

CleanSpark (CLSK) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

August 2024 was supposed to be a period of great optimism for the cryptocurrency and blockchain landscape. Although the vast use cases of blockchain technology are growing way beyond the confines of crypto, the price of Bitcoin ( BTC-USD ) will invariably have a major impact on the performance of stocks in the industry in the short term.

CleanSpark's stock slumped after its latest earnings miss. But it looks undervalued relative to its long-term growth potential.

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.

Rivian is working to scale up its business over the next few years. CleanSpark is carving out a high-growth niche in low-carbon Bitcoin mining.

CleanSpark's (CLSK) third-quarter fiscal 2024 results are likely to reflect its aggressive expansion strategy and low-cost operational base.

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?

Cryptocurrencies were hardly a favored asset class on the day, and that sentiment leaked into crypto mining titles. For the most part, these closed down notably from their Friday levels.

CleanSpark's acquisition of GRIID Infrastructure for $155 million could be viewed as costly due to GRIID's financial struggles. However, the acquisition allows CleanSpark to expand its mining footprint and increase power capacity, positioning it well in the competitive industry. CleanSpark's aggressive expansion strategy and use of renewables have led to better performance compared to competitors like Marathon Digital Holdings.