CleanSpark’s Performance Lags Bitcoin, Creating A Buying Opportunity

Summary:

• CleanSpark is a resilient BTC miner, growing its hash rate to 33.5 EH/S and targeting 50 EH/S by 2025.
• CleanSpark is diversifying regionally to mitigate risks, investing in mining infrastructure with the potential to reach 63 EH/S with $200mm capital investments.
• CleanSpark’s BTC holdings grew 260% in FY24, nearing 10,000 BTC, with plans to leverage these holdings for additional revenue through asset management and trading.

CleanSpark (NASDAQ:CLSK) remains one of the most resilient BTC miners on the market, growing its hash rate to 33.5EH/S with the trajectory to increase it to 50EH/S in 2025. CleanSpark has also benefited from the price growth for BTC, which

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.