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CleanSpark Shows Strong Growth in Bitcoin Mining Operations

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Written by Timothy Sykes Reviewed by Jack Kellogg Fact-checked by Ellis Hobbs
Updated 6/24/2025, 11:33 am ET 6/24/2025, 11:33 am ET | 4 min 4 min read
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CleanSpark Inc.’s stocks have been trading up by 8.19% following promising developments in renewable energy investments.

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Live Update At 11:32:42 EST: On Tuesday, June 24, 2025 CleanSpark Inc. stock [NASDAQ: CLSK] is trending up by 8.19%! Discover the key drivers behind this movement as well as our expert analysis in the detailed breakdown below.

Quick Financial Overview

When saying CleanSpark has been busy is an understatement, recent data points to big strides in their financial metrics. They’ve doubled their Bitcoin treasury compared to last year, a feat not easily achieved. This growth mirrors their success in expanding mining operations. The company’s hash rate has reached close to 50 EH/s, showing a significant boost in its processing power. On the energy front, their contracted power has swelled to 987 MW, reflecting increased operational capacity.

The company’s income statements give us another glimpse into their financial health. With revenues of over $378 million, CleanSpark is marching forward. Their performance has been a mix of highs and lows. A negative EBIT margin of -47.1% and a profit margin of -33.66% are concerning figures. But, the EBIDTA margin being positive at 39.6% sheds some light. This shows potential once costs stabilize.

Market Reactions and Impacts

CleanSpark’s decision to invest heavily in Bitcoin mining is making waves. Firstly, expanding Bitcoin treasury and enhancing hash rate points towards a strategic positioning in the Bitcoin arena. Power expansion isn’t just a vanity metric either. It’s a necessity. It supports their mining infrastructure and highlights endurance in an energy-intensive industry.

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Financial results evoke mixed emotions. Their revenue climb speaks to operational efficiency but glaring issues like negative profit margins and challenges handling debt could scare away potential investors. Despite these setbacks, optimism prevails concerning their growing Bitcoin presence.

Anticipated Developments and Insights

It’s evident from financial data that CleanSpark is playing a long game. They’re prioritizing asset accumulation and operational capacity. Despite profit margins being underwater, their strategic decisions focus on long-term gains. In an unpredictable crypto market, their resilience and adaptations are shaping a stable future.

The involvement in renewable energy initiatives is an added layer underlining their commitment to sustainable operations. By striving to lead in Bitcoin mining, CleanSpark positions itself uniquely amongst other crypto players, perhaps marking a pioneering stance not just in technology but in sustainable energy practices too.

Conclusion

CleanSpark’s journey highlights the ups and downs typical of an ambitious growth strategy. While areas for improvement exist, their commitment to scaling and rejuvenation in Bitcoin mining showcases potential. As millionaire penny stock trader and teacher Tim Sykes says, “Preparation plus patience leads to big profits.” This mindset is crucial for traders as CleanSpark navigates challenges, and data suggests they are carving out a sturdy path towards a promising future in both Bitcoin mining and sustainable energy solutions. The company’s progress serves as a beacon illustrating determined steps in unchartered waters, simultaneously beckoning both risk and opportunity in the volatile cryptocurrency landscape.

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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Tim Sykes

Head Writer at TimothySykes.com, Lead Mentor at the Trading Challenge
In his 20-plus years of trading, Tim has made $7.9 million. In his 15-plus years of teaching, Tim’s Trading Challenge has produced over 30 millionaire students. His philosophy emphasizes small gains and cutting losses quickly.
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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”