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Tag: CleanSpark Inc

  • Acquisition Success: CleanSpark (CLSK) Stock Up In Pre-Market Trading

    Acquisition Success: CleanSpark (CLSK) Stock Up In Pre-Market Trading

    CleanSpark, Inc. (NASDAQ: CLSK) appears to be on the path to recovery, with its stock showing a 4.92% increase to $18.97 in the pre-market session following a 13.45% decline in the previous session, closing at $18.08. This rebound on US charts comes after CleanSpark achieved significant capacity through a recent acquisition.

    February 26 saw the completion of the combination of CleanSpark (CLSK) with three Mississippi bitcoin mining data centers. CleanSpark’s operational hashrate has already improved to more than 15 exahashes per second as a result of this action. Apart from the present activities in Mississippi, CleanSpark intends to quickly grow its hashrate.

    By utilizing the grid services capabilities of bitcoin miners to the fullest, the firm hopes to boost economic growth and generate jobs in the areas it enters. It also highlights its dedication to working in partnership with these communities. Among CleanSpark’s achievements are the augmentation of energy infrastructure, the creation of employment, and the community’s support.

    The firm has created employment and energy infrastructure in Georgia worth over $700 million. It pledges to extend the same level of care and attention to Mississippi. Additionally, CleanSpark recently completed energizing the first 100 MW of its expansion in Sandersville, Georgia, boosting its fleetwide operating hashrate to over 14 exahashes per second (EH/s).

    This achievement is notable for its speed of deployment, underscoring the dedication of CleanSpark’s teams and partners in Sandersville. This expansion not only brings economic development to the community but also provides valuable grid services. Due to the interruption capability of CleanSpark’s load, it can be returned to the community quickly if needed, which aligns with the company’s efforts to strengthen Georgia’s energy resilience.

    CleanSpark is proving its dedication to achieving both shareholder wealth and community success as it grows and expands. As it develops operations in Mississippi and Georgia, CleanSpark hopes to use its experience in bitcoin mining to provide economic advantages and ensure energy resiliency in the areas it serves.

  • What Is Driving The CleanSpark (CLSK) Stock Higher In Premarket Session?

    As of the last check, shares of the diversified software, services, and Bitcoin mining company CleanSpark Inc. (CLSK) have risen 2.64% to $15.18 in pre-market trading. In the last trading session, CleanSpark stock lost -4.58% to finish at $14.79. The price range of CLSK stock was between $14.76 and $15.26.

    A total of 1.09 million shares of CLSK stock traded in the session, below its daily average of 2.13 million shares over 100 days. Since the beginning of the month, CLSK shares have lost -19.00%, dropping -8.48% over the past five days. As a result of signing the agreement with the crypto-miner, CLSK stock is surging.

    CLSK has signed agreements with whom?

    CleanSpark is a Nevada corporation which provides advanced technology solutions to address modern energy challenges through software, controls, and other technologies. The CLSK portfolio includes software products that support energy market communications, end-to-end microgrid modeling, and energy management.

    CLSK provides smart data center and data center management services, along with energy monitoring and control software, microgrid design software, middleware communication protocols for the energy industry, and implementation services. The firm’s facility outside of Atlanta, Georgia, also houses Bitcoin miners owned and operated by CLSK and its subsidiaries.

    Earlier today, CleanSpark announced that it had signed a partnership agreement with Coinmint.

    • As part of the agreement, CLSK will deploy nearly 25 MW of Bitmain S19 Pro mining equipment at a Coinmint site.
    • Coinmint’s Massena, New York facility will be home to approximately 750 PH/s of hashrate capacity when CLSK deploys it between July and September 2021.
    • Aside from providing 25 MW of electricity, Coinmint is providing operations support and committing to 98% uptime in order to support this hashrate.
    • With this agreement, CLSK expects its overall hashrate to be increased to 1.2 EH/s across all Bitcoin mining locations upon installation, and believes that it will enable CleanSpark to maximize its Bitcoin production while maintaining all aspects of its ESG-based mining philosophy.
    • World’s largest private digital currency data center is operated by Coinmint. It is primarily derived from hydroelectricity, and includes all of its sources to produce a 94% carbon-free energy mix.
    • As part of its commitment to ESG (“environment, social, and corporate governance”), Coinmint powers its operations mainly by renewable energy. It also creates jobs for residents of the community.
    • Also, CLSK and Coinmint intend to collaborate on continuing their efforts to achieve 100% renewable energy.

    What will CLSK gain from this?

    CLSK’s Atlanta facilities will have a total capacity of 50MW after it completes its 30MW energy expansion. Upon arrival in Atlanta from September 2021 to January 2022, CleanSpark (CLSK) intends to deploy miners to utilize the entire capacity. The total deployed hashrate for CleanSpark (CLSK) will reach 2.1 EH/s after installation.

  • 20 Trending Stocks In Software – Infrastructure Industry You Should Be Holding Now

    20 Trending Stocks In Software – Infrastructure Industry You Should Be Holding Now

    In today’s world, we are observing the fast digital transformation that affects all life areas including business, healthcare, manufacturing, and entertainment. Software is ubiquitous and the software industry is considered to be an important industry as the new technologies are evolving with time.  The software industry has made progress rapidly. The global information technology is on pace to reach $5.2 trillion in 2020.

    There are various trends this industry is adapting to keep pace with the fast-moving technological world.  Cloud computing and artificial intelligence is now dominating the technological world today. There are various other trends such as machine learning, blockchain, and edge computing has a major impact on this industry beyond our imagination.

    Let take a quick look at the top 20 trending companies which are following new trends to compete in the market:

    ACI Worldwide Inc. (NASDAQ: ACIW)

    ACI Worldwide Inc. (NASDAQ: ACIW) shares were trading up 2.55% at $27.95 at the time of writing on Monday. ACI Worldwide Inc. (NASDAQ: ACIW) share price went from a low point around $20.03 to briefly over $39.37 in the past 52 weeks, though shares have since pulled back to $27.95. ACIW market cap has remained high, hitting $3.20B at the time of writing, giving it a price-to-sales ratio of more than 2.

    ACI Worldwide Inc. (ACIW) disclosed that it has entered into a strategic partnership with GOLDPoint Systems for installment and specialty lenders. The companies will facilitate debit card loan payments and disbursement of loan proceeds for GOLDPoint Systems’ customers through the integration of the ACI Speedpay solution into the GOLDPoint platform. If we look at the recent analyst rating ACIW, Compass Point initiated coverage on ACIW shares with a Buy rating and a $35.43 price target, which implies room for 7.48% upside momentum this year.

    Adobe Inc. (NASDAQ: ADBE)

    Adobe Inc. (NASDAQ: ADBE) last closed at $486.47, in a 52-week range of $255.13 to $536.88. Analysts have a consensus price target of $552.77. Adobe announced the appointment of Melanie Boulden to its board of directors, effective Oct. 5, 2020. The addition of Boulden expands Adobe’s board of directors from 10 to 11 members. This company has a total market capitalization of $243.37 billion.

    Akamai Technologies Inc. (AKAM)

    Akamai Technologies Inc. (AKAM) stock soar by 0.45% to $109.10. The most recent rating by Needham, on July 22, 2020, is at a Buy. Akamai Technologies Inc. (AKAM) disclosed earlier that it was named a Leader in The Forrester Wave™: Zero Trust eXtended Ecosystem Platform Providers, Q3 2020 evaluation. Forrester evaluated 15 vendors and their Zero Trust security platforms based on 19 criteria, ranking their current offering, strategy, and market presence.

    BlackBerry Limited (NYSE: BB)

    BlackBerry Limited (NYSE: BB) Shares headed rising, higher as much as 1.35%. The most recent rating by TD Securities, on April 01, 2020, is at a Hold.BlackBerry Limited has revealed BlackBerry® Protect Mobile, a new mobile threat defense (MTD) solution that extends the powerful AI-based security in BlackBerry® Protect to mobile devices. Looking at its profitability, it has a current ratio of $2.58 billion.

    Box Inc. (NYSE: BOX)

    Box Inc. (NYSE: BOX) rose 0.70% after gaining more than $0.12 on Monday. Box Inc. (BOX) has disclosed that the U.S. Department of Veterans Affairs (VA) has issued Box an Authority to Operate (ATO). The VA can leverage Box’s cloud content management platform to modernize its technical infrastructure and drive new ways to work in the cloud. This company market capitalization has remained high, hitting $2.76 billion at the time of writing.

    CleanSpark Inc. (NASDAQ: CLSK)

    CleanSpark Inc. (CLSK) last closed at $12.20, in a 52-week range of $0.97 to $15.14. CleanSpark Inc. (CLSK) earlier disclosed that it is entering the Electric Vehicle (EV) charging station space through its recently acquired, wholly-owned subsidiary GridFabric, LLC. GridFabric is an OpenADR (Automatic Demand Response) communications compliance and certification company.

    CrowdStrike Holdings Inc. (CRWD)

    CrowdStrike Holdings Inc. (CRWD) stock soar by 3.58% to $144.88. The most recent rating by Goldman, on October 05, 2020, is at a Buy. CrowdStrike Holdings Inc. has earlier disclosed that it has completed its acquisition of Preempt Security, a leading provider of Zero Trust, and conditional access technology for real-time access control and threat prevention.

    Dropbox Inc. (NASDAQ: DBX)

    Dropbox Inc. (NASDAQ: DBX) shares headed rising, higher as much as 1.72%. The most recent rating by BofA Securities, on July 31, 2020, is at a Neutral. Dropbox Inc. (DBX) CEO and co-founder Drew Houston earlier, said that COVID has accelerated a shift to distributed work that we have been talking about for some time, and these new ways of working will not simply go away when the pandemic is over.

    FireEye Inc. (NASDAQ: FEYE)

    FireEye Inc. (NASDAQ: FEYE) rose 2.22% after gaining more than $0.27 on Monday. FireEye Inc. (FEYE)  earlier disclosed Mandiant® Advantage: Threat Intelligence the first SaaS-based offering by Mandiant Solutions to combine its Threat Intelligence with data from the frontlines of its industry-leading cyber incident response engagements, delivered through an easy-to-use management platform.

    Fortinet Inc. (NASDAQ: FTNT)

    Fortinet Inc. (FTNT) last closed at $119.09, in a 52-week range of $70.20 to $151.95. Analysts have a consensus price target of $139.50. Fortinet Inc. (FTNT) has launched its new free Information Security Awareness and Training service for organizations looking to educate employees about the increasing risks of cyberattacks. This company has a market capitalization of $19.91 billion at the time of writing.

    GoDaddy Inc. (NYSE: GDDY)

    GoDaddy Inc. (NYSE: GDDY) stock soar by 2.57% to $77.09. The most recent rating by Raymond James, on August 06, 2020, is at a Strong buy. GoDaddy Inc. (GDDY) has disclosed that customers can now sell their products on Instagram and Facebook through Websites + Marketing Ecommerce, further expanding the opportunity for them to find new customers and grow sales. As an official Facebook Marketing Partner, GoDaddy is one of the early adopters of Facebook’s Business Extension.

    Limelight Networks Inc. (NASDAQ: LLNW)

    Limelight Networks Inc. (NASDAQ: LLNW) Shares headed falling, lower as much as -1.79%. The most recent rating by Truist, on September 18, 2020, is at a Buy. Limelight Networks Inc. (LLNW) will report financial results for the third quarter of 2020 on Thursday, October 22, 2020. This company has a total market capitalization of $695.37 million at the time of writing.

    Micro Focus International plc (NYSE: MFGP)

    Micro Focus International plc (NYSE: MFGP) rose 7.48% after gaining more than $0.24 on Monday. Micro Focus International plc (MFGP) share price went from a low point around $3.11 to briefly over $16.49 in the past 52 weeks, though shares have since pulled back to $3.55. MFGP market cap has remained high, hitting $1.16 B at the time of writing.

    Microsoft Corporation (NASDAQ: MSFT)

    Microsoft Corporation (NASDAQ: MSFT) last closed at $210.38, in a 52-week range of $132.52 to $232.86. Analysts have a consensus price target of $229.83. Microsoft Corporation (MSFT) Microsoft Corp. is to build a data center hub in Greece as it invests in cloud services infrastructure in the country, a boon to an economy weakened by a decade-long debt crisis and the coronavirus pandemic.

    Cloudflare Inc. (NYSE: NET)

    Cloudflare Inc. (NYSE: NET) stock soar by 2.66% to $42.86. The most recent rating by Needham, on August 07, 2020, is at a Buy. Cloudflare Inc. (NET) has launched Cloudflare Radar, a free public tool that lets anyone view global traffic and security trends across the Internet as they happen. This company has a total market capitalization of $13.19 billion.

    NortonLifeLock Inc. (NASDAQ: NLOK)

    NortonLifeLock Inc. (NASDAQ: NLOK) shares headed rising, higher as much as 4.67%. The most recent rating by Argus, on August 21, 2020, is at a Buy. NortonLifeLock Inc. (NLOK) share price went from a low point around $13.06 to briefly over $24.40 in the past 52 weeks, though shares have since pulled back to $21.69. NLOK market cap has remained high, hitting $12.81 Billion at the time of writing.

    Nutanix Inc. (NASDAQ: NTNX)

    Nutanix Inc. (NASDAQ: NTNX) fall -0.99% after losing more than -$0.22 on Monday. Nutanix Inc. (NTNX) earlier disclosed the release of the first cloud-agnostic multi-database management solution. Era 2.0 extends the Nutanix database management solution across clouds and clusters to simplify operations, with increased scale and reduced costs for IT and database teams.

    Okta Inc. (NASDAQ: OKTA)

    Okta Inc. (NASDAQ: OKTA) last closed at $227.26, in a 52-week range of $88.66 to $231.29. Analysts have a consensus price target of $222.74. Okta Inc. (OKTA) has disclosed it will webcast the Keynote and Investor/Analyst Q&A sessions of Showcase 2020.

    Oracle Corporation (NYSE: ORCL)

    Oracle Corporation (NYSE: ORCL) stock soar by 1.24% to $59.56. The most recent rating by RBC Capital Mkts, on September 21, 2020, is at an Outperform. Paytronix Systems, Inc., the most advanced digital guest experience platform and a member of Oracle PartnerNetwork (OPN), today announced the integration of Paytronix Order & Delivery with Oracle MICROS Simphony POS.

    Anaplan Inc. (NYSE: PLAN)

    Anaplan Inc. (NYSE: PLAN) Shares headed falling, lower as much as -1.04%. The most recent rating by Needham, on August 27, 2020, is at a Buy. Anaplan Inc. (PLAN) market capitalization has remained high, hitting $8.85 billion at the time of writing.

  • CleanSpark (NASDAQ: CLSK) Announces Commissioning Of Its Software On New Microgrid

    CleanSpark (NASDAQ: CLSK) Announces Commissioning Of Its Software On New Microgrid

    CleanSpark, Inc. (NASDAQ: CLSK) has revealed that it has decided to use its software on a new solar plus storage grid project in Central America. The software company has partnered with an energy developer to implement this new solution for Microtechnologies SA. This new project is for their factory which is located in San Jose.

    This microgrid project between two companies will provide grid-tier solar and energy storage system to decrease the utility energy cost. Another function of the energy storage system is to provide backup power in case of an outage. CleanSpark is the main provider of energy software and control technology in the US. The company has already executed some microgrids projects in Latin America.

    The software company is providing its patented mPulse controls with market-based forecasting and operation. It has announced that the company has acquired and decided to include the Tesla (TSLA) PowerPack 2 battery energy storage system. Tesla’s energy storage system has the ability to provide 558kW/1115kWh storage.

    Shares of CleanSpark Inc went up 28.48% as it gained +3.29 during the trading session of Monday. It has a closing price of $14.84. In the past 52-weeks of trading, this company market stock has fluctuated between the low range of $0.97 and a high range of $13.98. It has moved up 1429.90% and 6.15% from its 52-weeks low and high, respectively. Looking at its profitability, its return on assets, equity, and investment is -125.40%, -168.30%, and -75.60%, respectively. This company’s market capitalization has remained high, hitting $227.94 million at the time of writing.

    If we look at the collaborative project of CleanSpark and energy developer, it has also included the 480kW AC, 531kW DC of PV (photovoltaic) solar panels. This microgrid project is known for a mPlus controller paired with a Tesla energy storage solution. The mPlus controller of CleanSpark will provide an opportunity for Microtech to reduce the utility operating costs.

    Previously, CleanSpark has announced that it has got a contract for multiple units of its intelligent switchgear equipment from a long-term energy development partner based in Houston, TX.