CLSK - CleanSpark: Recent Acquisitions And Increase In Capacity Are Offset By Halving Decline
2024-05-20 05:48:03 ET
Summary
- CleanSpark has achieved significant growth through acquisitions, doubling its revenues and increasing its hashrate.
- Acquisitions should boost the company’s total capacity to over 24 EH/s once fully operational.
- However, the economics of Bitcoin mining pose challenges, as the amount of Bitcoin mined decreases over time despite increased computational capacity.