Long

Microgrids & Energy Management SaaS + Efficient Bitcoin Mining

Updated

recently got affected by the pullback and attacked by short seller report. It is trading at a huge discount now. Cleanspark runs on a software-as-a-service (SaaS) distribution model and helps build microgrids. They have made a recent acquisition of a bitcoin mining facility ATL data center. This is a smart management that makes acquisition of great synergy, as the well known downside of bitcoin mining is the exorbitant electricity usage and costs.

The company has explicitly stated that their bitcoin mining would be profitable as long as bitcoin price stays above $6000. They can demonstrate the efficiency of their microgrid solutions on high-density energy operations through their own mining operations and will move towards the goal of mining bitcoins at the lowest energy cost in the United States.

Q3 Earnings 2020 (Not associated with bitcoins during then)

Nine-months ended June 30, 2020 Revenue of $8,073,781, up 283% from $2,109,542 in 2019.
Nine-months ended June 30, 2020 Gross profit increased 246% to $1,342,875, up from $388,054 in 2019.
Nine-months ended June 30, 2020 Net loss per share improved by $1.13 per share to $(2.32) from $(3.45) in 2019.

The future earnings reports from their bitcoin operations and actual use case will likely boost their core business and attract massive contracts. Upcoming Q4 earnings would include revenues from bitcoin and likely positive guidance for the rest of 2021.

I'm already in at $18 but am looking at $50, $80 or higher as price targets. Current price near $30 and $25 may be good levels to enter/add. Huge potential ahead, will have to see and act accordingly as it progresses through the year.

Note

Bitcoin having a major pullback.. Look to average down on CLSK only at around $18-$20

Note

Breaking out of new pattern. Bullish on CLSK at current prices around $26 again

trilliondollar

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