Bear of the Day: CleanSpark (CLSK)

CleanSpark (CLSK) is a $4 billion technology enterprise that call's itself "America's Bitcoin Miner."I ran a year-to-date look at CLSK shares vs some other prominent miners. While CLSK is up nearly 20%, the big dog Marathon Digital (MARA) is flat for the year, despite their big Bitcoin acquisitions.Meanwhile Iris Energy (IREN) is up over 90% while Riot Platforms (RIOT) is down over 20%.Here's how CleanSpark describes their mission...CleanSpark responsibly develops infrastructure for Bitcoin, an essential tool for financial independence and inclusion. We strive to leave the planet better than we found it by investing in communities that we operate in. Bitcoin is a watershed moment, not only in the history and invention of money, but in how we relate to each other.Why CleanSpark is a Zacks #5 RankCLSK topline growth looks strong, with a projected jump this fiscal year (ends September) to $637 million for a 68% advance.The problem is that the same analysts took down EPS estimates for the same period from +12 cents to -30 cents in the past two months.I don't know all the details of why they made that move. But considering how revolutionary the Bitcoin mining business is becoming, there is definitely some re-modeling that Wall Street analysts must do with their revenue and profit projections.The "spreadsheet jockeys" who also had to drop coverage of MicroStrategy (MSTR) because they couldn't figure it out, will be doing their homework over the coming quarters and finding their way back to Bitcoin-centric stocks.To learn more, see my recent essay which explains the mania and the math over Bitcoin...The Bitcoin Heist and Bailout: Cyber ManhattanZacks Naming Top 10 Stocks for 2025Want to be tipped off early to our 10 top picks for the entirety of 2025?History suggests their performance could be sensational.From 2012 (when our Director of Research Sheraz Mian assumed responsibility for the portfolio) through November, 2024, the Zacks Top 10 Stocks gained +2,112.6%, more than QUADRUPLING the S&P 500’s +475.6%. Now Sheraz is combing through 4,400 companies to handpick the best 10 tickers to buy and hold in 2025. Don’t miss your chance to get in on these stocks when they’re released on January 2.Be First to New Top 10 Stocks >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Cleanspark, Inc. (CLSK): Free Stock Analysis Report MicroStrategy Incorporated (MSTR): Free Stock Analysis Report Marathon Digital Holdings, Inc. (MARA): Free Stock Analysis Report Riot Platforms, Inc. (RIOT): Free Stock Analysis Report Iris Energy Limited (IREN): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks