CleanSpark runs massive bitcoin mining farms and sells energy-management software (mPulse, Canvas) for microgrids and utilities — think of it as a digital gold miner that also builds the power grid's smart thermostat.
Money comes from mining bitcoin (revenue hit USD 0.77B in FY2025) plus software and data-center services. Mining margins are thin (15% TTM gross) and swing wildly with bitcoin prices — quarterly net margins ranged from -277% to +130%.
Bitcoin mining is a commodity business where Riot Platforms and Marathon Digital can buy the same machines and power. CleanSpark's software side has some switching costs, but crypto price swings and rising energy costs erode any edge.
Sell (sector percentile 8) — value F, growth F, profitability F, momentum B, revisions A+. Updated daily, sector-relative, identical for every user.
Key events, in time order
Q3 loss per share $0.4 vs $0.3 expected, revenue $138M up 1% QoQ, but swung to loss from year-ago profit.
First HPC deal worth $6.6B, plus Bitcoin at 2-month high and AI data center demand, lifts stock ~11-13.7%
SEC filing reveals 5% holder; 13F shows buying, drawing attention.
Adjusted EBITDA was negative $241 million compared to negative $295 million last quarter; liquidity remains strong at approximately $1.2 billion as of March 31 balance sheet date
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The discussion centers on $CLSK as a "neo-cloud" stock facing potential pain, with some analysts identifying it as being in a Stage 3 topping/distribution phase.
Main discussion
Different voices
Weinstein Stage 3: $CLSK $AAOI $SLNH $WULF All four are currently in Stage 3: Topping/Distribution, where the prior uptrend begins to lose momentum and the 30 week SMA starts flattening. This is the transition zone between Stage 2 Advancing and Stage 4 Declining, so breakdowns be
And there you go, amazing news for $NVDA Next week's er is gonna be fun. Instead this is gonna be very painful for neo-clouds like $IREN $NBIS $CRWV $CIFR $DGXX $CLSK $WYFI and so on. I'd say kinda good for neo-clouds that are patiently waiting before signing deals, $IREN earning
$NBIS $CIFR $HUT $IREN $APLD $WULF $WYFI $GLXY $HIVE $CLSK $BTDR
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Elon is predicting the global economy DOUBLES in size by roughly 2031–33, alongside at least 100M humanoid robots potentially as many as 1B. Obviously an extremely aggressive prediction but Elon pretty much always claims aggressive scenarios will play out. But just to put the eco
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