[ad_1] <br><div><p class="core-block"><strong class="core-block">CleanSpark Inc</strong> <span class="ticker" data-ticker="CLSK" data-exchange="NASDAQ" style="display:inline-block">CLSK</span> shares are buying and selling decrease Thursday after the corporate <a target="_blank" href="https://www.benzinga.com/pressreleases/22/12/n30082536/cleanspark-reports-fourth-quarter-and-year-end-fy2022-financial-results" class="core-block" rel="noopener">reported fourth-quarter results</a>.</p><p class="core-block"><strong class="core-block">What Occurred: </strong>CleanSpark reported fourth-quarter income of $26.2 million, which was up 14% on a year-over-year foundation. The quantity beat common <a target="_blank" href="https://www.benzinga.com/analyst-stock-ratings" class="core-block" rel="noopener">analyst estimates</a> of $25.1 million, in line with <a target="_blank" href="https://benzinga.grsm.io/movers399" class="core-block" rel="noopener">Benzinga Pro</a>. The corporate reported a fourth-quarter internet lack of $42.3 million. </p><p class="core-block">CleanSpark mentioned it ended the quarter with $20.5 million in money and $11.1 million in <strong class="core-block">Bitcoin</strong> <span class="ticker" data-ticker="BTC/USD" data-exchange="CRYPTO" style="display:inline-block">BTC/USD</span>.</p><p class="core-block">"Regardless of macro headwinds within the economic system and bitcoin mining trade, our infrastructure first method and monetary self-discipline have allowed us to develop on this bear market," mentioned<strong class="core-block"> Zach Bradford</strong>, CEO of CleanSpark.</p><p class="core-block">Following the corporate's quarterly outcomes, Chardan Capital analyst <strong class="core-block">Brian Dobson</strong> maintained CleanSpark with a Purchase ranking and lowered the worth goal from $6 to $5.</p><p class="core-block">CleanSpark describes itself as "America's Bitcoin Miner." In 2014, the corporate began serving to individuals obtain vitality independence for his or her properties and companies. In 2020, CleanSpark started making use of that experience to develop sustainable <a target="_blank" href="https://www.benzinga.com/money/what-is-bitcoin-mining" class="core-block" rel="noopener">infrastructure for Bitcoin</a>.</p><p class="core-block"><em class="core-block">See Additionally: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/22/12/30071076/bitcoin-crashing-to-10-000-and-more-vanecks-top-2023-crypto-predictions" class="core-block" rel="noopener">Bitcoin Crashing To $10,000 And More: VanEck's Top 2023 Crypto Predictions</a></em></p><p class="core-block"><strong class="core-block">CLSK Worth Motion:</strong> CleanSpark has a 52-week excessive of $13.91 and a 52-week low of $1.97.</p><p class="core-block">The inventory was down 7.46% at $2.10 at time of publication, in line with <a target="_blank" href="https://benzinga.grsm.io/movers399" class="core-block" rel="noopener">Benzinga Pro</a>.</p><p class="core-block"><em class="core-block">Picture: <a target="_blank" href="https://pixabay.com/users/lauratara-6167959/?utm_source=link-attribution&amp;utm_medium=referral&amp;utm_campaign=image&amp;utm_content=2648004" class="core-block" rel="noopener">Laura</a> from Pixabay.</em></p></div> <br>[ad_2] <br><a href="https://news.google.com/__i/rss/rd/articles/CBMicmh0dHBzOi8vd3d3LmJlbnppbmdhLmNvbS9tYXJrZXRzL2NyeXB0b2N1cnJlbmN5LzIyLzEyLzMwMDkyODAzL3doYXRzLWdvaW5nLW9uLXdpdGgtYml0Y29pbi1taW5pbmctc3RvY2stY2xlYW5zcGFya9IBLWh0dHBzOi8vd3d3LmJlbnppbmdhLmNvbS9hbXAvY29udGVudC8zMDA5MjgwMw?oc=5">Source link </a>