(NASDAQ:HIVE) reported on April 6 a Bitcoin holding balance of 2,568 as of April 3, with 278.6 Bitcoins produced in March and a mining capacity at 2.0 EH/s. The company mines and sells Bitcoin, Ethereum, and Ethereum Classic. (NASDAQ:HIVE) is a cryptocurrency mining company with operations in Canada, Sweden, and Iceland. Headquartered in Vancouver, Canada, HIVE Blockchain Technologies Ltd. Ken Griffin’s Citadel Investment Group is the biggest position holder in the company, with 784,803 shares valued at $7.4 million. (NASDAQ:CLSK), with collective stakes worth $16 million. (NASDAQ:CLSK) is executing successfully on its bitcoin mining growth strategy.Īccording to Insider Monkey’s fourth quarter database, 5 hedge funds were bullish on CleanSpark, Inc. The analyst observed the company’s Q1 results, noting that CleanSpark, Inc. The analyst slashed the price target to account for the volatility around cryptocurrencies and the execution risk on the microgrid side, as compared to mature energy infrastructure companies. (NASDAQ:CLSK) but lowered the firm’s price target on the stock to $30 from $35 on February 10. It is expected that about 50 MW of the acquired capacity will become operational by December 31, 2022, and the rest will be fully functional by spring 2023.īTIG analyst Gregory Lewis maintained a Buy recommendation on CleanSpark, Inc. (NASDAQ:CLSK) will add an estimated 16.0 EH/s to its presently projected hashrate of 4.0 EH/s. After completely utilizing this capacity with the latest generation of bitcoin mining equipment, CleanSpark, Inc. (NASDAQ:CLSK) can access up to 300 MW additional power in the future. (NASDAQ:CLSK) announced on March 31 that it has partnered with Lancium, a Houston-based data management company, to receive an initial 200 megawatts at Lancium’s renewable energy datacenters in West Texas. (NASDAQ:CLSK) has presently deployed more than 23,000 latest-generation bitcoin miners with a total hashrate of 2.3 EH/s.ĬleanSpark, Inc. The company mined 318 coins in March and 898 coins year-to-date, and total Bitcoin holdings as of March 31 came in at 420. (NASDAQ:CLSK) disclosed its unaudited bitcoin production for the month ending March 31 and operations for 2022.

(NASDAQ:CLSK) mines bitcoin via its wholly owned subsidiaries, ATL Data Centers LLC and CleanBlok, Inc. The Digital Currency Mining division of CleanSpark, Inc. It operates as a bitcoin mining and energy technology company. (NASDAQ:CLSK) was incorporated in 1987 and is headquartered in Henderson, Nevada. We have mentioned the hedge fund sentiment and available analyst ratings around the stocks. We carefully assessed the bitcoin mining market, selecting companies that are major players in the space. Bitcoin’s annualized power demand is estimated at 125 terawatt-hour by the Cambridge Center for Alternative Finance. Server farms and data centers are also known to overload energy networks and cause power outages. The surge in the 2021 crypto market and successful mining operations resulted in the consumption of about 0.4% to 1% of the global electricity supply. According to Fitch Ratings, flourishing crypto mining operations can possibly affect the energy sector, especially in emerging markets, as power capacity is shifted towards mining activities. The global mining market size is expected to grow at a CAGR of 2.7% over the next five years. The global cryptocurrency mining market is forecasted to reach $4502.4 million in 2026, compared to $4050.5 million in 2020. The primary reason for bitcoin mining is to validate the legitimacy of crypto transactions, increase transparency, and maintain the integrity of the decentralized blockchain space. Mining is a complex and costly operation, using advanced software, algorithms, and equipment to solve computational mathematical problems and receiving a block of bitcoins as a reward.

Bitcoin mining refers to the process that adds new bitcoins to market circulation and it is a crucial element in maintaining blockchain transactions.

Cleanspark mining stock