#Cleanspark company free#

But, even if Bitcoin was trading at its 52-week low, CleanSpark would still net some juicy margins. This is significantly less than the $28,957.79 to $68,906.48 range Bitcoin has traded in during the past 52 weeks. Leveraging their more three decades of energy technology experience and using an inexpensive energy supply containing mostly nuclear, hydroelectric, solar, and wind, it only costs CleanSpark $4,500 in energy to mine one Bitcoin. Luckily for CleanSpark, they have access to both clean and cheap energy. But, with the climate concerns raised by Tesla's ( TSLA) Elon Musk and other ESG investors such as Larry Fink of BlackRock ( BLK), a Bitcoin mining company must also obtain a majority of its energy through renewable sources to attract institutional capital. The key to success in the world of Bitcoin mining is to source cheap energy. However, when considering that CleanSpark ( NASDAQ: CLSK) is profitable, its business is rapidly growing, and its stock price is already down 83% from its January 2021 highs, I believe the risk/reward opportunity is starting to look promising for long-term investors wanting exposure to the Bitcoin mining industry.ĬLSK Stock Chart (TradingView) Renewable Energy and Profitability

In today's equities market, many companies are getting crushed and Bitcoin miners are no exception.

#Cleanspark company free#

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