It is worth noting that we have not drawn on our ATM since November." READ: CleanSpark reports monthly production of 318 bitcoin in March 2022, while daily production reached a high of 10.57 in the month We intend to continue our efforts of obtaining non-dilutive capital to finance our growth capex needs. "This non-dilutive facility is an example of us delivering on our capital strategy and the expectations we have previously communicated. "As we mentioned in our Q1 earnings call, debt capital is currently the lowest cost of capital available to the Company," said Gary Vecchiarelli, CFO of CleanSpark in a statement. Currently, the company has a fleet of over 23,000 latest-generation bitcoin mining machines in operation, with approximately 12,000 machines pending delivery and deployment in batches through October 2022.
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The company said the three-year equipment financing agreement is backed by 3,336 new S19j Pro miners and carries an annual interest rate of 9.9%.ĬleanSpark said it intends to use the proceeds from the facility for growth capital expenditures. These price ends are -79.53% and -187.25% off the current price level respectively, although investors could be excited at the prospect of a -115.44% if the CLSK share price touches on the median price of $12.00.CleanSpark Inc (NASDAQ:CLSK) said it has finalized $35 million in non-dilutive financing from Trinity Capital Inc, a provider of venture debt financing. The average price target for the stock over the next 12 months is $12.67, with the estimates having a low of $10.00 and a high of $16.00. The beta value is 3.71, while the average true range (ATR) is currently pointing at 0.63. The RSI (14) is pointing at 40.99 while the volatility over the past week is 7.74% and jumps to 10.83% over the past one month. Looking further, we note the current price level is -3.46% off its SMA20 and -33.09% from its 50-day simple moving average. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. (CLSK) stock as a Hold, while 3 rate it as a Buy. Long term indicators on average place the stock in the category of 100% Sell.īased on estimates by 3 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 0 have rated the CleanSpark Inc. On the other hand, looking at the outlook for the CLSK stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell. There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term.
According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2022 is expected to hit $182.65 million, or 269.50% up from figures reported last year. These figures represent 277.30% and -48.90% growth in EPS for the two years respectively.Īnalysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $47.75 million, with a low of $46.1 million and a high of $49.4 million.
Estimates by analysts give the company expected earnings per share (EPS) of $0.35, with the EPS growth for the year raised at $1. has a market cap of $241.52 million and is expected to release its quarterly earnings report on – Feb 14, 2022.
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