CleanSpark Postpones Third Quarter 2024 Financial Results Webcast

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Go back to CleanSpark Postpones Third Quarter 2024 Financial Results Webcast

CleanSpark Inc. (CLSK) PT Lowered to $24 at Cantor Fitzgerald

August 12, 2024 6:39 AM EDT

Cantor Fitzgerald analyst Brett Knoblauch lowered the price target on CleanSpark Inc. (NASDAQ: CLSK) to $24.00 (from $28.00) while maintaining a Overweight rating.

The analyst comments "CLSK reported 3Q24 revenue that was slightly ahead of our estimate but adjusted EBITDA that was below our estimate due primarily to higher power cost (CLSK's average power cost in the quarter was $0.048/kWh). CLSK's all-in-cost to mine of ~$44k compared to its mining Bitcoin at an average price of ~$66k during the... More