This resulted in a net loss of $16.7 million for Q3 2021, an improvement from the $8.5 million loss generated in the same period of the previous year.ĬleanSpark also reported an adjusted EBITDA loss of $3.6 million or $0.11 per share compared to the loss of $1.1 million or 10 cents loss per share in Q3 2020.īy the end of its third quarter of 2021, the business produced over 191 Bitcoins and has produced a total of 598 Bitcoins since it acquired the mining operations in December 2021. Its reported losses were $0.49 per share for Q3 2021, as compared to the $0.77 loss per share generated in the previous year. The company reported revenue of $11.92 million, a drastic 26.7% below analysts’ estimates of $16.21 million, but up 250% from its $3.4 million revenue in Q3 2020. Recent ResultsĬleanSpark announced its third-quarter results on August 15, 2021. The company generates a major portion of its revenue from its energy segment. With its cutting-edge software, CleanSpark enables users to scale a microgrid to their specifications and provides wide-ranging applications across commercial, municipal, agricultural, industrial, and defense deployment.
#Cleanspark target price software#
See CleanSpark stock charts on TipRanks > StrengthsĬleanSpark offers software and AI controls for distributed and microgrid energy resource systems, which enable energy users to optimize sustainability and economic productivity. The company, whose mission is to solve the energy challenges of modern times, owns and operates a fleet of Bitcoin miners outside its Atlanta facilities.
is a clean Bitcoin ( BTC-USD) mining and energy technology company based in Nevada. ( CLSK) because the business has enormous upside potential and the share price looks cheap, based on forward-looking multiples.ĬleanSpark Inc.
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