Cleanspark Competitive AnalysisThe better you understand Cleanspark competitors, the better chance you have of utilizing it as a position in your portfolios. The portion of profit or loss for the period net of income taxes which is attributable to the parent after the deduction of Net Income to Non Controlling Interests from Consolidated Income and before the deduction of Preferred Dividends Income Statement Impact. It represents the amount of money remaining after all of Cleanspark operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue. It plays a large role in Cleanspark financial statement analysis. That’s some major hash power, to say the least.ĬleanSpark’s stated goal is “to operate the lowest-energy-cost Bitcoin mining facilities at scale in the nation.” At the very least, we can say with confidence that the company will pose a real competitive threat in this regard.Cleanspark and related stocks such as Absolute Software, Amazon Inc, Grayscale Horizen Trust, Caterpillar, American Express, 3M Company, Microsoft Corp, Walmart, Pfizer Inc, and Walt Disney Net Income descriptionNet income is one of the most important fundamental items in finance.
#Cleanspark competitors software#
The company also offers micro-grid controller software known as mPulse.Īs you can see, CleanSpark is ambitious in its pursuit of next-generation technologies.īesides, the company is not solely engaged in the micro-grid software niche. Moreover, the compound annual growth rate (CAGR) of the global micro-grid market is expected to be 28%, reaching a value of nearly $40 billion, from 2020 to 2029.Īnd, CleanSpark provides energy modeling software for micro-grids, called mVSO. The company states that the total micro-grid capacity is projected to increase from 3.5 gigawatts to 30 gigawatts over the next decade.
CleanSpark defines a micro-grid as “a set of resources and storage (batteries) used to provide a source of energy distributed from a central utility provider.”Īccording to CleanSpark, there are a number of benefits to micro-grids: It has been proposed that the “macro-grid” technology that facilitates today’s electricity generation has become outdated because it’s inefficient and not properly tech-enhanced.Īlong comes a solution: micro-grid technology. What are they, and why would anybody choose to invest in them? In other words, it’s a fast mover, so please be sure to keep your position size moderate with this stock. One final point to make about CLSK stock: it has a five-year monthly beta of 3.52.
Thus, there was a moderate retracement in the share price, which means that prospective investors may be able to take a position at a reduced price point. That was only the beginning, however, as the share price catapulted to a 52-week high of $42.60 on January 7, 2021.įast-forward to midday on March 12, and the stock traded at $30 and change. In August 2020, CLSK stock touched the $12 level, which already represented a powerful comeback. Yet, this turned out to be a spectacular buying opportunity as the share price rocketed much higher in the ensuing months. That was troubling as the stock was in a bear market with seemingly no relief. If you can believe it, there was a point in April 2020 when the share price fell to 97 cents. Over the past year, CLSK stock has truly come a long way. Ready to delve into an under-the-radar, tech-forward name with sizable upside potential? Stick with me as we begin with an analysis of the stock’s recent price movements. If you don’t know about micro-grids, that’s perfectly okay as I will explain the basics without delving too deeply into scientific aspects.Įven beyond that, there’s a cryptocurrency connection that should spark some interest in CLSK stock among blockchain enthusiasts. The company is known for providing what’s known as micro-grids.