$OPEN.... analysts say OPEN is a broken business model...I disagree...they have zero completion in the EBUY space...buy and old here at 52wk low
OPENDOOR TECHNOLOGIES INC stock forum
CleanSpark, a Bitcoin mining company that offers investors "pure-play exposure" to the world's largest crypto, reported "solid" results for the fourth quarter and fiscal 2024, Colonnese said in a note.
"FY2024 was another strong year of execution for CLSK," with the company growing total deployed capacity by 187% year-on-year to 27.6 EH/s at the end of September versus an average of around 75% for its peers, the analyst stated. CleanSpark also improved its overall fleet efficiency by 23%, he added.
The company's revenue grew by 125% to $379 million on total Bitcoin production of 7,098 for the year. Its adjusted EBITDA and margins grew to $246 million and 65%, respectively, "a significant improvement from 225M/15% in the prior year on higher BTC prices and lower power costs," Colonnese wrote.
Management reiterated their prior calendar year 2024 and 2025 guidance of 37 EH/s and 50 EH/s, respectively.
Today, I want us to analyze Opendoor Technologies on a weekly timeframe, which shows a beautiful ascending pattern indicating its goal of completing the liquidity sale, followed by a spectacular upward movement. It is a simple and fluid analysis. Thank you for your collaboration.
#SmartMoneyConcepts
#Liquidity
#Hunter
