Cleanspark Intrinsic Value Calculator – CLEANSPARK Reports 46.2% Year-Over-Year Increase in Total Revenue for Q3 FY2023

August 15, 2023

☀️Earnings Overview

For Q3 of its FY2023 ended June 30 2023, CLEANSPARK ($NASDAQ:CLSK) reported total revenue of USD 45.4 million, which represents a 46.2% year-on-year increase. Net income for the quarter was USD -14.2 million compared to -29.3 million in the same period the previous year, demonstrating notable improvement.

Analysis – Cleanspark Intrinsic Value Calculator

GoodWhale has conducted an analysis of CLEANSPARK‘s wellbeing, and has determined the fair value of their stocks to be around $10.7. This was calculated using GoodWhale’s proprietary Valuation Line, which is a combination of various factors, such as the company’s financial performance and market sentiment. Currently, CLEANSPARK stocks are being traded at a price of $5.0, which is an undervaluation of over 53.4%. This presents a great opportunity for investors to buy these stocks at a discounted price and benefit from any potential upside in the future. More…

  • Risk Rating Analysis
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  • About the Company

  • CLEANSPARK_Reports_46.2_Year-Over-Year_Increase_in_Total_Revenue_for_Q3_FY2023″>Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Cleanspark. More…

    Total Revenues Net Income Net Margin
    140.8 -104.01 -66.7%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Cleanspark. More…

    Operations Investing Financing
    32.51 -296.5 283.16
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Cleanspark. More…

    Total Assets Total Liabilities Book Value Per Share
    652.8 49.16 5.36
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Cleanspark are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    138.4% -71.6%
    FCF Margin ROE ROA
    -120.8% -11.7% -9.7%
  • Income Statement Ratios
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  • Other Supplementary Items
  • Peers

    Clearspark Inc is a leading provider of blockchain technology solutions. The company has a strong focus on research and development and is constantly innovating to stay ahead of the competition. Its main competitors are Riot Blockchain Inc, Energy One Ltd, and Solteq Oyj. All three companies are leaders in the blockchain technology space and are constantly innovating to stay ahead of the competition.

    – Riot Blockchain Inc ($NASDAQ:RIOT)

    Riot Blockchain Inc is a company that focuses on blockchain technology. They are one of the leading companies in the industry and have a market cap of 1.01B. They have a return on equity of -17.02%. The company has a strong focus on research and development and are constantly innovating their products. They have a team of experts that are dedicated to providing the best possible service to their clients.

    – Energy One Ltd ($ASX:EOL)

    Energy One Ltd is a renewable energy company that focuses on the development, construction, and operation of solar and wind farms. The company has a market cap of 133.62M as of 2022 and a ROE of 11.64%. Energy One Ltd is headquartered in Brisbane, Australia.

    – Solteq Oyj ($LTS:0G5H)

    Solteq Oyj is a Finnish technology company that provides digitalization solutions and services. The company operates in three business areas: Digital Solutions, Managed Services, and Cloud Services. Solteq’s main customers are medium-sized and large companies in various industries. The company has a market cap of 23.86M as of 2022 and a Return on Equity of 9.04%.


    CleanSpark, Inc. reported a 46.2% year-over-year increase in total revenue for the third quarter of its FY2023, reaching USD 45.4 million as of June 30, 2023. While net income for the quarter was reported to be USD -14.2 million, this was much improved from -29.3 million in the same period a year prior. Despite the positive news, the stock price moved down the same day.

    For investors considering investing in CleanSpark, this could be an opportunity to capitalize on the potential upside of the company’s financials. Analysts should carefully monitor both the financials and stock performance of CleanSpark in order to make informed decisions about whether long-term investment in this company is a wise decision.

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