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CleanSpark’s Bitcoin Bargain: Buying Opportunity?

Bryce TuoheyAvatar
Written by Bryce Tuohey
Reviewed by Matt Monaco Fact-checked by Bryce Tuohey

Investors are upbeat about CleanSpark Inc. following announcements of significant advancements in their energy optimization technologies, which are likely driving sentiment and fueling positive price movement. On Friday, CleanSpark Inc.’s stocks have been trading up by 4.86 percent.

Bitcoin Fortunes and CleanSpark’s Feat

  • Showing off a powerful milestone, CleanSpark’s bitcoin holdings topped 10,000, revealing a massive growth from the previous year. This move signifies progress and highlights the firm’s capability in the ever-competitive bitcoin marketplace.

Candlestick Chart

Live Update At 14:32:41 EST: On Friday, January 24, 2025 CleanSpark Inc. stock [NASDAQ: CLSK] is trending up by 4.86%! Discover the key drivers behind this movement as well as our expert analysis in the detailed breakdown below.

  • CleanSpark, alongside giants like Riot Platforms and Core Scientific, gained attention from investment professionals like Bernstein, pointing towards a positive outlook on the future of bitcoin.

  • In December 2024 alone, CleanSpark mined 668 bitcoins, showcasing not only their efficiency but also emphasizing the company’s growth journey as it improves its operational prowess substantially.

  • Interestingly, CleanSpark announced potential impacts of past regulations on bitcoin miners, highlighting opportunities that might arise from the political play, favoring industry leaders like Riot Platforms and CleanSpark for growth.

  • CleanSpark continues expanding and improving, through the impressive achievements such as the mining of their 20,000th bitcoin and expansions into three new states, all while raising a $650M convertible note to fuel further growth.

A Glimpse into Financial Performance

, As millionaire penny stock trader and teacher Tim Sykes says, “You must adapt to the market; the market will not adapt to you.” This philosophy is essential for those involved in trading, especially when navigating the volatile and unpredictable nature of the stock market. By continually analyzing trends, staying updated on market news, and adjusting strategies to fit current conditions, traders can increase their chances of success. Ignoring the dynamic nature of the market and sticking rigidly to outdated tactics can lead to missed opportunities and potential losses. Embracing flexibility and being willing to pivot as needed is a hallmark of successful trading.

To make sense of CleanSpark’s recent rise in bitcoin holdings and related activities, it helps to look at their financials. The company’s earnings tell a story of robust revenue growth, reporting an impressive $379M in recent figures. Despite an enterprise value soaring past $3B, CleanSpark remains aggressive by investing in efficiency improvements that make their bitcoin endeavors more profitable, evidenced by a 33.3% bump in operations efficiency.

Layers of financial information reflect both hurdles and strengths. On the downside, the EBIT margin remains negative, silhouetted by high operational expenses. Yet, a 56.3% gross margin indicates strong potential. Their current ratio stands solid at 3.8, showing liquidity—a must-have for swift responses in the volatile bitcoin market. CleanSpark’s asset turnover, albeit moderate, reflects a proactive rise in operations.

More Breaking News

A quick “peek behind the curtain” of past trades—watch how the stock had an exciting dance over the period, up and down: opening highs, closing lows, and everything in between.

Implications of CleanSpark’s Bold Moves

The key to understanding CleanSpark’s recent moves is the bitcoin treasury build-up juxtaposed against the financial battles they fight. Essentially, while they celebrate milestones, they’re also grappling with the challenges intrinsic to this industry—namely costs versus profits.

Each mined bitcoin not only stands as a token of financial potential but also stretches the company’s capabilities as they continuously refine mining strategies. The embrace of innovation is evidently working out, with consistent breakthroughs—like those achieved in recent December operations—allowing CleanSpark to hold its ground and subtly lead within a highly competitive playing field.

Then there’s their growth potential, being enthusiastically highlighted by market watchers and investment analysts. Their expansion into new states is not just an operational milestone but a strategic one—diversifying risks and potentially lowering operational costs through economies of scale. The $650 million convertible note, a financial ace up the sleeve, could very well pave the path for fresh growth while fortifying their financial base.

Conclusion: CleanSpark’s Future in View

Now that we’ve unraveled the underlying narrative, CleanSpark appears to present both an opportunity and a challenge. With bitcoin holdings confidently expanding, the future may indeed be optimistic. The integration of financial milestones, operational achievements, and new resource allocation strategies spell out a roadmap that could propel them toward even greater financial success.

And while predictions can often waver in an industry as unpredictable as this, CleanSpark has demonstrated adeptness in maintaining and growing its cryptocurrency footprint. For traders and enthusiasts intrigued by CleanSpark’s recent performance, this might very well be a time to watch closely as they slide deeper into the rhythm of bitcoin’s pulse. However, as millionaire penny stock trader and teacher Tim Sykes says, “There is always another play around the corner; don’t chase just because you feel FOMO.” This serves as a cautionary note to traders to stay vigilant and not be swayed by temporary market sentiment.

This is stock news, not investment advice. Timothy Sykes News delivers real-time stock market news focused on key catalysts driving short-term price movements. Our content is tailored for active traders and investors seeking to capitalize on rapid price fluctuations, particularly in volatile sectors like penny stocks. Readers come to us for detailed coverage on earnings reports, mergers, FDA approvals, new contracts, and unusual trading volumes that can trigger significant short-term price action. Some users utilize our news to explain sudden stock movements, while others rely on it for diligent research into potential investment opportunities.

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* Results are not typical and will vary from person to person. Making money trading stocks takes time, dedication, and hard work. There are inherent risks involved with investing in the stock market, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk. See Terms of Service here

The available research on day trading suggests that most active traders lose money. Fees and overtrading are major contributors to these losses.

A 2000 study called “Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors” evaluated 66,465 U.S. households that held stocks from 1991 to 1996. The households that traded most averaged an 11.4% annual return during a period where the overall market gained 17.9%. These lower returns were attributed to overconfidence.

A 2014 paper (revised 2019) titled “Learning Fast or Slow?” analyzed the complete transaction history of the Taiwan Stock Exchange between 1992 and 2006. It looked at the ongoing performance of day traders in this sample, and found that 97% of day traders can expect to lose money from trading, and more than 90% of all day trading volume can be traced to investors who predictably lose money. Additionally, it tied the behavior of gamblers and drivers who get more speeding tickets to overtrading, and cited studies showing that legalized gambling has an inverse effect on trading volume.

A 2019 research study (revised 2020) called “Day Trading for a Living?” observed 19,646 Brazilian futures contract traders who started day trading from 2013 to 2015, and recorded two years of their trading activity. The study authors found that 97% of traders with more than 300 days actively trading lost money, and only 1.1% earned more than the Brazilian minimum wage ($16 USD per day). They hypothesized that the greater returns shown in previous studies did not differentiate between frequent day traders and those who traded rarely, and that more frequent trading activity decreases the chance of profitability.

These studies show the wide variance of the available data on day trading profitability. One thing that seems clear from the research is that most day traders lose money .

Millionaire Media 66 W Flagler St. Ste. 900 Miami, FL 33130 United States (888) 878-3621 This is for information purposes only as Millionaire Media LLC nor Timothy Sykes is registered as a securities broker-dealer or an investment adviser. No information herein is intended as securities brokerage, investment, tax, accounting or legal advice, as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund. Millionaire Media LLC and Timothy Sykes cannot and does not assess, verify or guarantee the adequacy, accuracy or completeness of any information, the suitability or profitability of any particular investment, or the potential value of any investment or informational source. The reader bears responsibility for his/her own investment research and decisions, should seek the advice of a qualified securities professional before making any investment, and investigate and fully understand any and all risks before investing. Millionaire Media LLC and Timothy Sykes in no way warrants the solvency, financial condition, or investment advisability of any of the securities mentioned in communications or websites. In addition, Millionaire Media LLC and Timothy Sykes accepts no liability whatsoever for any direct or consequential loss arising from any use of this information. This information is not intended to be used as the sole basis of any investment decision, nor should it be construed as advice designed to meet the investment needs of any particular investor. Past performance is not necessarily indicative of future returns.

Citations for Disclaimer

Barber, Brad M. and Odean, Terrance, Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors. Available at SSRN: “Day Trading for a Living?”

Barber, Brad M. and Lee, Yi-Tsung and Liu, Yu-Jane and Odean, Terrance and Zhang, Ke, Learning Fast or Slow? (May 28, 2019). Forthcoming: Review of Asset Pricing Studies, Available at SSRN: “https://ssrn.com/abstract=2535636”

Chague, Fernando and De-Losso, Rodrigo and Giovannetti, Bruno, Day Trading for a Living? (June 11, 2020). Available at SSRN: “https://ssrn.com/abstract=3423101”