CleanSpark Reports Third Quarter FY2024 Financial Results
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CleanSpark Inc. (CLSK) PT Lowered to $24 at Cantor Fitzgerald
August 12, 2024 6:39 AM EDTCantor Fitzgerald analyst Brett Knoblauch lowered the price target on CleanSpark Inc. (NASDAQ: CLSK) to $24.00 (from $28.00) while maintaining a Overweight rating.
The analyst comments "CLSK reported 3Q24 revenue that was slightly ahead of our estimate but adjusted EBITDA that was below our estimate due primarily to higher power cost (CLSK's average power cost in the quarter was $0.048/kWh). CLSK's all-in-cost to mine of ~$44k compared to its mining Bitcoin at an average price of ~$66k during the... More
