Stock Track | CleanSpark Plunges 5.51% in Pre-Market Trading After Weak FY2024 Earnings Miss

Stock Track12-03

CleanSpark, Inc. (CLSK) stock plunged 5.51% in pre-market trading on Tuesday, December 3rd, 2024, following the release of the company's fiscal year 2024 earnings report, which missed analyst expectations.

The Bitcoin mining company reported full-year 2024 revenue of $378.97 million, falling short of analyst estimates of $397.32 million. CleanSpark also reported an adjusted loss of $0.69 per share for the fiscal year, wider than the analyst consensus estimate of a $0.62 loss per share.

Despite the revenue miss, CleanSpark's top line grew an impressive 125% year-over-year. However, the company's earnings failed to meet expectations, as higher Bitcoin production driven by an increased hashrate was offset by the impact of the recent Bitcoin halving event and an increase in network difficulty.

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(CLSK) stock plunged 5.51% in pre-market trading on Tuesday, December 3rd, 2024, following the release of the company's fiscal year 2024 earnings report, which missed analyst ...</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":"1170494053","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1170494053","pubTimestamp":1733218009,"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 plunged 5.51% in pre-market trading on Tuesday, December 3rd, 2024, following the release of the company's fiscal year 2024 earnings report, which missed analyst expectations.The Bitcoin mining company reported full-year 2024 revenue of $378.97 million, falling short of analyst estimates of $397.32 million. 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