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CleanSpark, Inc.: Positive Outlook And Reevaluation Of Expectations

Mar. 02, 2021 4:42 PM ETCleanSpark, Inc. (CLSK)47 Comments


  • The estimation I came up with in August was highly speculative, however, now there are more concrete details to increase the accuracy of my predictions.
  • While shorts have attempted to undermine the company’s success, real world actions prove contradictory to the views in these reports.
  • Regardless of high valuations and economic uncertainty, the company is continuing to grow and this will provide value to shareholders.
  • My former minimum 2035 growth estimate was for at least 1000%, now it has increased to 1800%.


Yes, the company is speculative. Yes, the company has its risks. Yes, the valuation is high right now. Yet, I view the company as far less risky, speculative, and/or overpriced than many. This article is a follow up to my previous publication in August 2020, and will attempt to bolster the argument that was laid down in that piece with updated financials and company news.Chart 1: An overview of the stock performance of two high-growth and innovative companies, CleanSpark and Tesla (TSLA). In my former article, I used this chart to compare how both companies were seen as overvalued at the time. However, I knew that CleanSpark still had boundless growth ahead.

Chart 2: As shown in this chart, those who believed that prices were too high in August were quite wrong, with incredible returns still seen for both companies. Of course, the past 2 months show investors struggling to continue their hold at such high values.

As a quick summary of my previous article for those of you who may not have read it, I base my investment thesis on the company as a very long term, buy and hold company. If you are new to the company, CleanSpark, Inc. (NASDAQ:CLSK) is a diversified company that has their main focus on producing microgrid solutions. Microgrids are an aspect of the renewable energy field as a way to use software or AI to monitor all forms of power inflow/outflow/production at a singular location automatically.

This allows for economic and efficiency optimization at a higher level than human monitoring can provide. One of the first contracts of the company was based at USMC base Camp Pendleton, where CLSK provided a diverse microgrid system of multiple separate grid islands that all work in unison to maintain energy flow at military grade

This article was written by

Hello, I am an individual investor with an interest in bringing diversification of viewpoints to stock analysis and investing. This brings to point the Japanese proverb 他山之石 -ta-zan-no-ishi- which translates to "another-mountain's-rock" and denotes the importance of diversifying the sources of your knowledge in order to gain the advantage of multiple perspectives. Further, a rock represents the foundational aspects of the world a mountain supports, signifying the importance of understanding the simple fundamentals in order to succeed. As such, I cover a wide range of assets in order to find the best of every type of investing. Please consider following so we can continue down this path of knowledge together, and hopefully, I am able to provide some novel insights for you with every article. Thanks for reading.

Analyst’s Disclosure: I am/we are long CLSK. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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