ALL IN ON CLEANSPARK STOCK
ALL IN ON CLEANSPARK STOCK

ALL IN ON CLEANSPARK STOCK

حمادي الزوي

9 min
Business & Finance
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<p><strong>Cleanspark (CLSK) just announced today the acquisition of S19-Pro Bitcoin Mining Rigs to further enhance its energy initiative. This acquisition will help the company improve their current bitcoin mining rig efficiency by more than 37%. I know times are tough in the tech sector, buying dip after dip seems silly at this point, but in my opinion this company is worth the research and investment. I don’t even need to ask if it's worth its current 14-dollar price per share. In my opinion, this price is criminally underrated, especially with forecasts that predict at least a 50-dollar price in the next 12 months. I know the markets can be irrational, we have seen it many times. But is this really a safe investment in the long run considering it’s increased reliance on bitcoin?</strong></p> <p><strong>Cleanspark provides advanced software, controls, and technology solutions to solve modern energy challenges. More particularly they operate microgrids that optimize energy consumption in businesses by redirecting energy where it is most needed. Essentially, communities all across the world are turning to microgrids in order to decrease their reliance on the grid, reduce carbon footprint for the environment and enhance their energy security. This is what causes microgrids to be so valuable, because they reduce dependencies in the case of a whole area losing power. Excess energy can be stored into batteries, which then get drawn on in peak hours, so no shortage of electricity will occur. CLSK comes in and reduces their client’s energy costs and waste, which is part of what makes their business model so great. The global market for microgrids is rapidly expanding and is expected to experience a 28% Annual Growth Rate from 2020-2029. This create an impressive opportunity.</strong></p> <p><strong>We have also seen that they have a bitcoin segment which generated $1.6 million in revenue which represents a large part of their overall revenues. This would explain why when the price of bitcoin falls, so does the value o

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