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To own CleanSpark, you need to be comfortable with a business closely tied to Bitcoin price cycles and mining economics, while believing its scale and efficiency can keep it competitive. The recent bounce in the share price, driven by firmer Bitcoin and anticipation of the December and full year mining update, does not fundamentally change the main near term catalyst, which is clarity on production and costs, or the key risk of prolonged Bitcoin price weakness pressuring margins.
Among recent announcements, CleanSpark’s ongoing monthly production disclosures, such as the November output of 587 Bitcoin and holdings of 13,054 coins, are most relevant here because they frame how investors interpret the upcoming December and full year update. These regular operating reports sit at the heart of the story, giving investors a way to track whether capacity, efficiency and realized production are keeping pace with expectations in an industry where block reward halvings and energy costs remain critical swing factors.
Yet investors should also be aware that if Bitcoin prices stay under pressure for long enough, CleanSpark’s concentrated exposure could...
Read the full narrative on CleanSpark (it's free!)
CleanSpark's narrative projects $1.5 billion revenue and $319.0 million earnings by 2028.
Uncover how CleanSpark's forecasts yield a $23.16 fair value, a 101% upside to its current price.
Nineteen members of the Simply Wall St Community currently place CleanSpark’s fair value anywhere between US$5.15 and US$30 per share, with estimates spread across the full range. When you weigh those against the business’s heavy reliance on Bitcoin price and block rewards to sustain revenue and margins, it underlines why reviewing several viewpoints before forming an opinion can be useful.
Explore 19 other fair value estimates on CleanSpark - why the stock might be worth over 2x more than the current price!
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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