EgideSimba

Cleanspark: Powering the Future of Bitcoin Mining

Long
EgideSimba Updated   
BATS:CLSK   CleanSpark, Inc.
Bitcoin is making major moves as we get closer to the Bitcoin halving. CLSK is poised to benefit from this bullish momentum. We just crossed a major resistance level at $13 & Targeting the next major resistance at $40

Cleanspark recently reported a remarkable 165% year-over-year revenue growth in Q1 of FY2024. This impressive growth is a testament to the company's ability to capitalize on the growing demand for Bitcoin mining services. With a net income of $25.9 million and an adjusted EBITDA of $69.1 million, the company is well-positioned to continue its upward trajectory.

This is one of the best risk reward plays in the BTC mining companies. All aboard for the ride #LetsGo
Comment:
The market cap on CLSK makes me very bullish. With the bitcoin halving around the corner, we could see some major moves on bitcoin mining stocks

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.