Bitcoin halving 2024: here’s what it may mean for CleanSpark

Bitcoin halving 2024: here’s what it may mean for CleanSpark
фото показано с : invezz.com

2024-4-19 17:14

Rewards associated with mining Bitcoin are expected to halve in the coming days. Ahead of it, CleanSpark Inc (NASDAQ: CLSK) is down close to 30% versus its year-to-date high.

Is Bitcoin halving a negative for CleanSpark stock?

While many believe the halving event may be a negative for miners including $CLSK – analysts at Bernstein argue the opposite is a possibility as well.

That’s because the investment firm forecasts BTC to hit $150,000 by the end of next year on the back of halving and the recently approved spot exchange-traded funds.

Such an upside in the world’s largest cryptocurrency may be a material benefit for mining stocks like CleanSpark that have fallen behind in recent months.  

Note that CleanSpark stock, nonetheless, is up well over 100% versus its year-to-date low at writing.

Watch here: https://www.youtube.com/embed/RkB6MPQIsrc?feature=oembed $CLSK recently added to its mining fleet

Bernstein analysts drive optimism for $CLSK also from the recent remarks of Zachary Bradford – its chief executive officer. Their research note reads:

CEO of CleanSpark expects industry to consolidate and believes RIOT, MARA, CLSK, and CIFR to be in lead. CEO of MARA also named CLSK as their arch competitor in race for acquisition targets.

Let's see if Grandpa #Bitcoin is still virile enough to go on yet another parabolic run over the next 18 months or so, post-halving.

I'm guessing he can still get it done… surprising even many bulls to the upside in 2024-25.

Slowly at first, then face-melting.

— Dr. Jeff Ross (@VailshireCap) April 19, 2024

CleanSpark stock is attractive also because the Nasdaq-listed firm is expected to swing to a profit of 6 cents per share in its current financial quarter versus a per-share loss of 23 cents a year ago.

Earlier this week, the $3.66 billion company based out of Henderson, Nevada added 3,900 new machines to its mining fleet.  

The post Bitcoin halving 2024: here's what it may mean for CleanSpark appeared first on Invezz

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bitcoin cleanspark halving negative clsk may high

Источник: invezz.com

bitcoin cleanspark → Результатов: 81


From Missouri to Texas: Southern US Becomes Bitcoin Mining Hotspot

Missouri is gunning to become a hub for Bitcoin mining, thanks to a new bill by State Rep. Phil Christofanelli. This legislation, aiming to integrate cryptocurrency miners into the energy economy, joins CleanSpark's expansion in Mississippi and Riot's massive investment in Texas, signaling a significant shift in the Southern US towards embracing digital asset ventures.

2024-2-9 14:00


CleanSpark купила действующую биткоин-ферму за $16,2 млн

Американская майнинговая компания CleanSpark заключила окончательное соглашение с WAHA Technologies о покупке действующего предприятия по добыче биткоина за $16,2 млн. We're expanding our footprint in Georgia! ➡️ $CLSK has acquired a plug-in ready, #cleanenergy #bitcoin mining facility from WAHA Technologies.

2022-8-10 16:32


CleanSpark купила более 1000 биткоин-майнеров на фоне падения рынка

Майнинговая компания CleanSpark приобрела 1061 устройство Whatsminer M30S. Оборудование с общим хешрейтом около 93 PH/s уже добывает криптовалюту на объекте хостинг-провайдера Coinmint. During the last 6 months, $CLSK increased #BTC computing power by 47% & production by 50%!Today we also announced our #bitcoin mining capacity expansion of over 90 PH/s with the acquisition of 1,061 latest gen #WhatsMiner M30S machines.

2022-7-16 11:22


Майнинговая компания CleanSpark получила кредит на $35 млн на покупку нового оборудования

Американская майнинговая компания CleanSpark привлекла долговое финансирование в размере $35 млн под обеспечение 3336 новых устройств Antminer S19j Pro. Sustainable #bitcoin miner @CleanSpark_Inc has raised $35 million in debt financing from Trinity Capital backed by 3,336 new S19j Pro miners.

2022-4-26 17:55


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