CleanSpark, Inc. (NASDAQ:CLSK ) Q2 2025 Earnings Conference Call May 8, 2025 4:30 PM ET Company Participants Harry Sudock - SVP Zach Bradford - CEO Gary Vecchiarelli - CFO Conference Call Participants Mike Colonnese - H.C. Wainwright Greg Lewis - BTIG Brian Dobson - Clear Street Paul Golding - Macquarie Capital John Todaro - Needham & Company Operator Good afternoon, my name is Jeanne and I will be your conference operator today.
CleanSpark (CLSK) came out with a quarterly loss of $0.02 per share versus the Zacks Consensus Estimate of $0.03. This compares to earnings of $0.13 per share a year ago.
CleanSpark's Q2 fiscal 2025 performance is expected to have benefited from its strategic investments in energy-efficient infrastructure and its growing mining fleet.
The world has gone quiet on cryptocurrency lately as the bulk of attention centers on the potential economic impacts of the trade tariffs rolled out by President Trump. However, just like the stock market, the cryptocurrency asset class has become both correlated and forward-looking, with the outlook standing for the world today, something investors can see in the near lockstep price action between Bitcoin and the S&P 500 index.
In the latest trading session, CleanSpark (CLSK) closed at $8.81, marking a +1.61% move from the previous day.
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?
CleanSpark (CLSK) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
CleanSpark's focus on Bitcoin mining over HPC/AI services has proven beneficial, with CLSK outperforming many mining companies that pursued HPC/AI data centers. CleanSpark's 'sats per share' has grown the fastest among peers, reflecting effective shareholder value despite a decline in stock price. CleanSpark's break-even cost to mine Bitcoin is estimated at $75k, making it one of the more efficient public mining companies.
CleanSpark is a compelling buy due to increased production, reduced mining costs, and a strong Bitcoin treasury, despite recent price volatility. CleanSpark's March production hit a record 706 Bitcoins, with plans to boost capacity by 18% by mid-2025. The company's cost per Bitcoin mined has dropped to $34k, enhancing gross margins and operational efficiency.
In the latest trading session, CleanSpark (CLSK) closed at $8.86, marking a -0.11% move from the previous day.
CleanSpark (CLSK) closed the most recent trading day at $8.85, moving +0.86% from the previous trading session.
Recently, Zacks.com users have been paying close attention to CleanSpark (CLSK). This makes it worthwhile to examine what the stock has in store.