In the first quarter of 2024, Cleanspark, a U.S. bitcoin mining company listed on the stock market, reported revenues exceeding $ 111.8 million. The company’s net income for the same period was $ 126.7 million. Gary A. Vecchiarelli, the CFO of Cleanspark, partially attributes the company’s “record-breaking” performance to the surge in bitcoin …
Cleanspark’s Stock Tumbles 10% After Plans to Sell $800 Million in Shares
Bitcoin miner Cleanspark’s stock plunged 10% in after-hours trading after revising its at-the-market (ATM) offering agreement to sell up to $ 800 million of its stock, a decision that would dilute CLSK shares by 19%, given its $ 4.2 billion market capitalization. The adjustment from an initial $ 500 million to $ …