7/26/2023 0 Comments Cleanspark stock forecast 2025![]() The suit alleges that CleanSpark misled investors as to the Company's customer and contract figures and that several of CleanSpark's recent acquisitions involved undisclosed related party transactions. District Court for the Southern District of New York. ![]() On January 14, 2021, analyst Culper Research published a report entitled "Cleanspark (CLSK): Back to the Trash Can." In this report, Culper alleged that CleanSpark "is an insider enrichment scheme which, at every turn of its promotion, has vastly overstated or simply fabricated key elements of its business, including purported customers and contracts." Culper continued that "CleanSpark's entire ‘business' has been built upon lies and deceit." The market was stunned by this report, and shares fell by approximately 9.2% to close at $35.71 on January 14, 2021.Ī lawsuit has been filed against CleanSpark and certain of its executives in the U.S. (NASDAQ:CLSK) and certain of its executives. ![]() Alternatively, email editorial-team (at), MA / ACCESSWIRE / Ma/ Block & Leviton LLP ( a national securities litigation firm, announces that a lawsuit for violation of the federal securities laws has been filed against CleanSpark, Inc. Have feedback on this article? Concerned about the content? Get in touch with us directly. Simply Wall St has no position in any stocks mentioned. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. We aim to bring you long-term focused analysis driven by fundamental data. 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 provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. This article by Simply Wall St is general in nature. Other High-Performing Stocks: Are there other stocks that provide better prospects with proven track records? Explore our free list of these great stocks here. ![]() Management Team: An experienced management team on the helm increases our confidence in the business – take a look at who sits on CleanSpark’s board and the CEO’s background.Valuation: What is CleanSpark worth today? Has the future growth potential already been factored into the price? The intrinsic value infographic in our free research report helps visualize whether CleanSpark is currently mispriced by the market.We've also put together a list of key aspects you should further examine: For a more comprehensive look at CleanSpark, take a look at CleanSpark's company page on Simply Wall St. There are key fundamentals of CleanSpark which are not covered in this article, but we must stress again that this is merely a basic overview. If this rate turns out to be too aggressive, the company may become profitable much later than analysts predict. It turns out an average annual growth rate of 37% is expected, which signals high confidence from analysts. The company is therefore projected to breakeven around a year from now or less! We calculated the rate at which the company must grow to meet the consensus forecasts predicting breakeven within 12 months. ![]() They anticipate the company to incur a final loss in 2020, before generating positive profits of US$16m in 2021. Many investors are wondering about the rate at which CleanSpark will turn a profit, with the big question being “when will the company breakeven?” In this article, we will touch on the expectations for the company's growth and when analysts expect it to become profitable.Ĭonsensus from 2 of the American Software analysts is that CleanSpark is on the verge of breakeven. The US$483m market-cap company posted a loss in its most recent financial year of US$23m and a latest trailing-twelve-month loss of US$16m shrinking the gap between loss and breakeven. provides energy software and control technology solutions worldwide. With the business potentially at an important milestone, we thought we'd take a closer look at CleanSpark, Inc.'s (NASDAQ:CLSK) future prospects. ![]()
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