-
Bitcoin Miner CleanSpark Has 'Solid, Albeit Relatively Quiet' Quarter, Ready For Growth, Says Analyst
Tuesday, December 3, 2024 - 1:59pm | 455CleanSpark Inc (NASDAQ:CLSK) shares were down on Tuesday, even after the company reported upbeat fourth-quarter results. The company reported its results amid an exciting earnings season. Here are some key analyst takeaways. HC Wainwright On CleanSpark Analyst Mike Colonnese reiterated a Buy rating...
-
CleanSpark CEO Zach Bradford Explains Why The Company Is Betting on Bitcoin Mining, Not Buying
Tuesday, December 3, 2024 - 3:22am | 574CleanSpark Inc. (NASDAQ:CLSK) said Monday that much of its shareholder value is derived from investments in mining facilities, rather than adding Bitcoin (CRYPTO: BTC) to its balance sheet. What Happened: During the company's fourth-quarter earnings call, CEO Zach Bradford noted that, while...
-
Michael Saylor Says MARA On The 'Bitcoin Standard' As Company Doubles Market Cap, Stock Price In Last 3 Months
Tuesday, December 3, 2024 - 1:41am | 652MARA Holdings Inc. (NASDAQ:MARA) more than doubled its market valuation over the last three months, powered by gains in the apex cryptocurrency and its gradual pivot toward the Bitcoin (CRYPTO: BTC) “Standard." What happened: Shares of the leading Bitcoin mining company closed at a 9-month...
-
Bitcoin Miner CleanSpark Reports FY24 Earnings, Shares Climb
Monday, December 2, 2024 - 5:49pm | 476CleanSpark Inc (NASDAQ:CLSK) reported fourth-quarter financial results after the market close on Monday. Here’s a look at the key details from the quarter. Q4 Earnings: CleanSpark reported full-year 2024 revenue of $378.97 million, missing analyst estimates of $397.32 million. The Bitcoin (...
-
Bitcoin Miner Hut 8 Shares Dip Despite Strong Q3; Analysts Remain Bullish On AI, Crypto Potential
Thursday, November 14, 2024 - 2:42pm | 476Hut 8 Corp (NASDAQ:HUT) shares were down Thursday morning, despite the company reporting upbeat third-quarter results and Bitcoin prices surging past $90,000. The company reported its results amid an exciting earnings season. Here are some key analyst takeaways. Needham On Hut 8 Analyst John Todaro...
-
TeraWulf Stock Tumbles After Worse-Than-Expected Q3 Results
Tuesday, November 12, 2024 - 6:30pm | 465TeraWulf Inc. (NASDAQ:WULF) reported its third-quarter results after Tuesday's closing bell. Here's a look at the details from the report. The Details: TeraWulf reported quarterly GAAP losses of six cents per share, which missed the analyst consensus estimate for losses of three...
-
MARA Holdings Q3 Earnings: Revenue Miss; EPS Miss; 2,070 Bitcoin Mined; Energized Hash Rate Up 9%; Exahash Target 'Firmly In Sight'
Tuesday, November 12, 2024 - 6:11pm | 371Bitcoin (CRYPTO: BTC) miner MARA Holdings Inc (NASDAQ:MARA) reported financial results for the third quarter after the close on Tuesday. Here’s a rundown of the report. Q3 Earnings: MARA Holdings reported third-quarter revenue of $131.6 million, missing the consensus estimate of $...
-
Riot Platforms Stock Falls After Worse-Than-Expected Q3 Results
Wednesday, October 30, 2024 - 5:08pm | 430Riot Platforms, Inc. (NASDAQ:RIOT) reported its third-quarter results after Wednesday's closing bell. Here's a look at the details from the report. The Details: Riot Platforms reported quarterly losses of 54 cents per share, which missed the analyst consensus estimate for losses of 15 cents....
-
After 300% Stock Rally, Jefferies Says This Bitcoin Miner Has More Room To Run Up On AI Demand
Tuesday, October 29, 2024 - 3:32am | 567In a recent development, leading financial services firm Jefferies has commenced coverage of Bitcoin miner Core Scientific Inc. (NASDAQ:CORZ) with a ‘Buy’ rating, underscoring its potential to leverage the burgeoning demand for artificial intelligence (AI). What Happened: Jefferies...
-
Trump Wants US To Be Bitcoin Mining Capital Of The World — Core Scientific's Move To Buy Chips From Jack Dorsey Just The First Step In That Direction? CEO Gives Us His Take
Sunday, September 29, 2024 - 9:15am | 698Core Scientific Inc. (NASDAQ:CORZ), one of the world's biggest Bitcoin (CRYPTO: BTC) mining companies, would remember 2024 as a turnaround year. The firm exited Chapter 11 bankruptcy in January and relisted its shares on Wall Street. Since making a comeback, the company's stock has surged nearly...
-
What Happened With Bitcoin Miner Core Scientific's Stock Today?
Wednesday, September 18, 2024 - 5:28pm | 344Core Scientific, Inc. (NASDAQ:CORZ) shares moved higher Wednesday as markets witnessed the first interest rate cut from the Federal Reserve in four years. The Details: Bitcoin (CRYPTO: BTC) miner Core Scientific's stock has climbed more than 20% over the past five days, as investors anticipated an...
-
CleanSpark Nears Death Cross As Bitcoin Production Slows: More Pain Ahead?
Thursday, September 5, 2024 - 3:53pm | 563Cleanspark Inc. (NASDAQ:CLSK), a well-known Bitcoin (CRYPTO: BTC) miner, has had a roller coaster of a year. While the stock is still up 87% over the last year, it's taken a sharp nosedive recently — down 22.1% year-to-date and a staggering 30.48% in just the last month. And things might be about...
-
Iris Energy Stock Climbs After FY24 Results: 4,191 Bitcoin Mined, Record Mining Revenue And More
Wednesday, August 28, 2024 - 5:42pm | 400Iris Energy Limited (NASDAQ:IREN) reported its fiscal-year financial results after Wednesday's closing bell. Here's a look at the key figures from the report. The Details: Iris Energy reported record fiscal-year Bitcoin (CRYPTO: BTC) mining revenue of $184.1 million, up from $75.5 million last...
-
TeraWulf Q2 Earnings: Revenue Beat, EPS Miss, Bitcoin Mining Down 21% And More
Monday, August 12, 2024 - 4:38pm | 586Bitcoin (CRYPTO: BTC) mining company TeraWulf Inc (NASDAQ:WULF) reported second-quarter financial results after the market close on Monday. Here’s a look at the key metrics from the quarter. Q2 Earnings: TeraWulf reported second-quarter revenue of $35.574 million, beating the consensus...
-
Riot Platforms Becomes Second Largest US-Listed Miners With Block Mining Acquisition
Wednesday, July 24, 2024 - 9:12am | 484In a bold strategic move, Riot Platforms Inc (NASDAQ:RIOT) has announced its acquisition of Block Mining, a Kentucky-based Bitcoin (CRYPTO: BTC) miner with a massive power capability. This acquisition aims to boost Riot’s mining prowess, as JPMorgan analyst Reginald L. Smith highlighted: "...