NasdaqCM:CLSKSoftware
CleanSpark (CLSK) Stock May Be Expensive On Sales But Strong On Returns
CleanSpark stock sits in a tricky spot right now, with a strong 3 year share price gain on one side and valuation checks that lean expensive on the other, while short interest remains elevated as the business pivots from pure Bitcoin mining toward AI focused data centers.
Over the past 3 years, CleanSpark has returned about 98.5%, which puts extra pressure on today’s price to be backed by sustainable cash flows.
The push into high performance computing and AI oriented data centers can...