Stock Track | CleanSpark Plunges 11.81% in Pre-Market as FY2024 Earnings Miss Estimates

Stock Track12-03

CleanSpark, Inc. (CLSK) stock plummeted 11.81% in the pre-market trading session on Tuesday, December 3rd, 2024. The sharp decline came after the Bitcoin mining company reported weaker-than-expected fiscal year 2024 earnings results.

CleanSpark reported a net loss of $145.8 million or $0.69 per share for the full year ended September 30, 2024. The company's earnings fell short of analysts' consensus estimate of a $0.49 per share loss. Additionally, CleanSpark's revenue of $378.9 million for the fiscal year missed Wall Street's expectations of $394.9 million.

Despite the earnings miss, CleanSpark highlighted its impressive revenue growth of 125% year-over-year. The company also ended the fiscal year with a current hashrate surpassing 33.5 EH/s and is on track to reach 37 EH/s by the end of 2024. However, the impact of the recent Bitcoin halving event and an increase in network difficulty likely offset the benefits of higher Bitcoin production, leading to the wider-than-expected loss.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1119740747?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-12-03 22:34","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1119740747","market":"hk","top_or_hot":-1,"title":"Stock Track | CleanSpark Plunges 11.81% in Pre-Market as FY2024 Earnings Miss Estimates","media":"Stock Track","content":"<p>CleanSpark, Inc. (CLSK) stock plummeted 11.81% in the pre-market trading session on Tuesday, December 3rd, 2024. The sharp decline came after the Bitcoin mining company reported weaker-than-expected fiscal year 2024 earnings results.</p>\n\n<p>CleanSpark reported a net loss of $145.8 million or $0.69 per share for the full year ended September 30, 2024. The company's earnings fell short of analysts' consensus estimate of a $0.49 per share loss. Additionally, CleanSpark's revenue of $378.9 million for the fiscal year missed Wall Street's expectations of $394.9 million.</p>\n\n<p>Despite the earnings miss, CleanSpark highlighted its impressive revenue growth of 125% year-over-year. The company also ended the fiscal year with a current hashrate surpassing 33.5 EH/s and is on track to reach 37 EH/s by the end of 2024. However, the impact of the recent Bitcoin halving event and an increase in network difficulty likely offset the benefits of higher Bitcoin production, leading to the wider-than-expected loss.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | CleanSpark Plunges 11.81% in Pre-Market as FY2024 Earnings Miss Estimates</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | CleanSpark Plunges 11.81% in Pre-Market as FY2024 Earnings Miss Estimates\n</h2>\n\n<h4 class=\"meta\">\n\n2024-12-03 22:34 北京时间&nbsp;&nbsp;&nbsp;<strong>Stock Track</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>CleanSpark, Inc. (CLSK) stock plummeted 11.81% in the pre-market trading session on Tuesday, December 3rd, 2024. The sharp decline came after the Bitcoin mining company reported weaker-than-expected ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CLSK","symbol_name":"CleanSpark, Inc.","start_time":0,"source_url":"","article_id":"1119740747","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1119740747","pubTimestamp":1733236492,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"CleanSpark, Inc.  stock plummeted 11.81% in the pre-market trading session on Tuesday, December 3rd, 2024. The sharp decline came after the Bitcoin mining company reported weaker-than-expected fiscal year 2024 earnings results.CleanSpark reported a net loss of $145.8 million or $0.69 per share for the full year ended September 30, 2024. The company's earnings fell short of analysts' consensus estimate of a $0.49 per share loss. Additionally, CleanSpark's revenue of $378.9 million for the fiscal ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"CLSK":"CleanSpark, Inc."},"translate_title":"由于2024财年盈利未达预期，CleanSpark盘前暴跌11.81%","themeId":"7e6d1cd94183cf178e99bc116d1feefb","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CLSK":1},"content_text":"CleanSpark, Inc. (CLSK) stock plummeted 11.81% in the pre-market trading session on Tuesday, December 3rd, 2024. The sharp decline came after the Bitcoin mining company reported weaker-than-expected fiscal year 2024 earnings results.\nCleanSpark reported a net loss of $145.8 million or $0.69 per share for the full year ended September 30, 2024. The company's earnings fell short of analysts' consensus estimate of a $0.49 per share loss. Additionally, CleanSpark's revenue of $378.9 million for the fiscal year missed Wall Street's expectations of $394.9 million.\nDespite the earnings miss, CleanSpark highlighted its impressive revenue growth of 125% year-over-year. The company also ended the fiscal year with a current hashrate surpassing 33.5 EH/s and is on track to reach 37 EH/s by the end of 2024. However, the impact of the recent Bitcoin halving event and an increase in network difficulty likely offset the benefits of higher Bitcoin production, leading to the wider-than-expected loss.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.4","shortVersion":"4.29.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1119740747"}