1/15/2024 0 Comments Cleanspark walmart![]() Actual performance may differ significantly from backtested performance. Further, backtesting allows the security selection methodology to be adjusted until past returns are maximized. Since trades have not actually been executed, results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity, and may not reflect the impact that certain economic or market factors may have had on the decision-making process. Specifically, backtested results do not reflect actual trading or the effect of material economic and market factors on the decision-making process. Backtested performance is developed with the benefit of hindsight and has inherent limitations. This information is provided for illustrative purposes only. No representations and warranties are made as to the reasonableness of the assumptions. Certain assumptions have been made for modeling purposes and are unlikely to be realized. Changes in these assumptions may have a material impact on the backtested returns presented. ![]() General assumptions include: XYZ firm would have been able to purchase the securities recommended by the model and the markets were sufficiently liquid to permit all trading. Backtested results are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. Backtested performance is not an indicator of future actual results. ( See CLSK stock analysis on TipRanks)ĭisclaimer: The TipRanks Smart Score performance is based on backtested results. Gains of 54% could be in the cards, should the target be met over the next 12 months. With the additional Buy in tow, the stock has a Moderate Buy consensus rating, backed by a $47.5 average price target. Lewis is only the second analyst to take notice of the microgrid specialist. (To watch Lewis’ track record, click here) The implication for investors? Upside of 55%. Lewis rates CLSK a Buy along with a $45 price target. ![]() Over the past 12 months, the stock is up by 2320% But would you believe it has even further to run? Lewis does. Bottom line,” Lewis summed up, “We are bullish on CLSK as a way to invest in increasing demand for microgrids.”Īlong with the soaring Bitcoin price, shares of CLSK have ripped higher. ![]() “As the core of the business is microgrid solutions, we would not be surprised to see CLSK monetize the Bitcoin mining business longer-term. Mining is a prosperous business right now, and in the near-term, Cleanspark plans to scale up its mining efforts.Īlthough Lewis sees the Bitcoin business as secondary, it has the potential to power other ventures. The company got its hands on ATL’s 3,471 Bitcoin mining rigs, a timely addition, considering the surging Bitcoin price. The last one is important due to ATL being a Bitcoin miner, the purchase has added another dimension to Cleanspark. The deal followed last July’s acquisition of GridFabric and the December addition of ATL Data Centers. In February, Cleanspark added commercial/residential solar and energy storage developer Solar Watt Solutions to its roster, in a deal worth roughly $4 million in cash and 500,000 CLSK shares. The company has been focused on growth and raised $40 million last October to make several acquisitions. ![]() BTIG analyst Gregory Lewis counts three reasons why the demand for microgrids is approaching an inflection point: 1) the combination of increasing demand for electricity security, 2) improved microgrid economics as the costs of energy storage systems and solar have improved, and 3) energy cost optimization as electricity prices become volatile owing to the intermittency of renewables.Ī company offering integrated microgrid solutions such as Cleanspark ( CLSK), says Lewis, is well-positioned to benefit.Ĭleanspark’s solution encompasses everything from the design and construction of microgrids, to support and maintenance (largely software). ![]()
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