The BEST Bitcoin Stock Is Going PARABOLIC! [CleanSpark Analysis]

CLSK stock (CleanSpark) is up HUGE as Bitcoin continues to climb throught he $50,000 level. CleanSpark is my favorite Bitcoin mining stock, and hopefully this video helps explain why…

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0:00 – Initial Thoughts
3:17 – HUGE CLEANSPARK NEWS
8:35 – CLSK Price Target
14:43 – Final Thoughts

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So this is pretty fun to look back on on December 6th of 2022 I tweeted out Bring me ones meaning I wanted to buy more clean spark stock in the $1 range and I actually was able to do so but at the time people were calling me crazy you

Don’t know what you’re talking about so I think what I’ve learned most is to trust my own research and my own due diligence and you guys should do the same I know a lot of you that follow my channel have been investing cleanspark for a very long time because I am the

Longest tenur cleanspark YouTuber out there you can’t find anybody that’s been talking about cleanspark longer than I have but since this post clean spark stock has actually gained more than 800% today clean Spark’s trading for close to $18 a share which is just crazy I I held clean spark back when it made

Its most recent run up to around $40 per share but it’s just been in the doldrum so long that it’s hard to even picture cleanspark trading in the double digit stock price range and over the past month it’s up 130% absolutely crazy and I honestly

Think the best part of all of this has been seeing you guys succeed and you guys make money people have been buying homes and all of this stuff helping out their families it makes my day to see that so I just want to congratulate everybody that has held through the

Tough times with clean spark stock and you know I’m going to give myself a little shout out here I don’t usually do this in the beginning of my videos because I don’t want to waste you guys’ precious time but please join my membership it supports me tremendously

It helps me avoid all the crappy sponsorships and the bottom line is all of the members that have been in my Discord server for the past couple of years have made enough money to cover the cost of the membership for the rest of their lives and then some in fact I

Have a 100% refund policy where if you don’t find Value in my membership I will give you your money back it’s a no-risk investment and it helps me out tremendously so if you’re interested in that hit the join button located right next to the Subscribe button or hit my

Patreon link in the pinned comment and also it seems like every time I do a clean spark video I gain a lot of new subscribers so if you’re new here or return and not yet subscribed Please Subscribe down below without further Ado let’s get into talking about cleanspark

Their expansion and my updated price target for the company you don’t have to be a rocket scientist to understand how this works if the price of Bitcoin goes up Bitcoin mining stocks are going to go way up and if the price of Bitcoin goes down Bitcoin mining stocks are going to

Go way down now over the last 6 months Bitcoin is up 75% we’re trading at $1,600 lots of people didn’t think this would ever happen again so before anything I want to acknowledge that yes cleans spark is a phenomenal company they have executed they are efficient their management team has made good

Decisions everything with clean spark is tremendous but the reason for the runup in the stock price has more to do with the price of Bitcoin doing really well than anything the management team has done or will do but I’ve said it on my channel before I think it’s dumb to own

More than one Bitcoin mining stock I would rather just find the Bitcoin mining stock that has the best execution the best efficiency the best Innovation the best foresight the best management team the best best decision- making and I see clean spark as that company that’s why clean spark has been my preferred

Option in saying this don’t hear what I’m not saying I am not saying that other Bitcoin mining stocks are bad and you should not own them clean spark is just my preferred option and hopefully I I can explain to you why that is in today’s video clean spark recently

Reported their first quarter Financial results where they came in with revenue of basically $74 million and net income of $26 million this is the first time a publicly traded Bitcoin mining company has reported a legit net income this is thanks to some new accounting rules but basically these companies clean spark

Marathon Riot bit Farms you name it they can now report any gain they see on the Bitcoin they hold as profit for the quarter and this makes sense because Bitcoin is an investment and its fair value is changing constantly so now these companies don’t just have to report the impairment on their Bitcoin

They can also report the gain I think this is a great change by the fby the FB is the Financial Accounting Standards Board if you’re confused what that means but also with this earnings report the company announced that they had surpassed 12 12 xash per second of computing power that is mining Bitcoin

Constantly this is a big deal because they’d been stuck at 10x hash per second for several months so finally we’re starting to see some growth in the computing power at cleanspark and they’re currently securing their path to 50 xash per second you’ll see in my price Target spreadsheet by the year

2030 I have clean spark commanding 9% of the total Bitcoin Network which is a large number but I think as these having events happen the less efficient miners are going to be flushed out and companies like clean spark with very healthy balance sheets are going to be the companies that Acquire those

Distressed assets that Acquire the infrastructure and grow their operations really really fast part of this expansion was announced on February 6th when clean spark announced two new acquisitions securing power and infrastructure to reach 20x hash per second clean spark historically has primarily operated in the state of Georgia but they’re acquiring three

TurnKey Bitcoin mining facilities in Mississippi for cash payment of basically $20 million the purchase is expected to close within 21 days of February 6th and the operating hash rate at the combined facilities will reach 2 and a half basically xh per second shortly after closing and then they announced just a small additional

Expansion at their Dalton Georgia site for cash payment of $3.5 million but by the time this expansion is complete their Dalton Georgia site their facilities in Dalton Georgia will be operating at a hatch rate of 2 and A2 basically x a hash per second once running at full capacity and this

Expansion update is a really big deal because as a result of these expansions they have now secured all the infrastructure and the miners that they need to reach 20 xash per second during the first half of this year and another key component of this is the company

Expects to pay for the Acquisitions with cash on hand so no further delution for the expans expion of the company at this point and then they give a handy little table here breaking down their hash rate by location in total they have enough infrastructure to support 20 xash per

Second so in my price Target spreadsheet I have factored this in it’s a given at this point that clean spark will achieve 20x aash per second sometime in the first half of 2024 and if you’re curious about clean Spark’s full year expansion plans you’re in luck they broke this

Down on their investor presentation by the end of 2024 they expect to be at 32 x per second and in 2025 at some point maybe by the end of the year they expect to be at 50 xah per second but again it’s important to realize that they only

Have the infrastructure right now to support 20x has per second any expansion Beyond this 20x hash per second will need additional infrastructure that the company will need to purchase with cash so there could be some future delusion in store for shareholders however I will say cleans spark has the cleanest

Balance sheet probably the best balance sheets in the entire Bitcoin mining space another reason I choose clean spark over other Bitcoin mining companies they have $62.5 million of cash and cash equivalents and $166 million of Bitcoin sitting on their balance sheet for total liquidity of $229 million this compares to debt of

$14.5 million honestly if I was the company if I was clean spark I would pay off this $14.5 million of debt tomorrow I mean they have the cash on their balance sheet to do so and this debt is just another expense that the company is having to pay for why pay for this

Interest because this interest rate is relatively High you know you have to realize that there aren’t very many lenders in this space yet because Bitcoin remains very very volatile so there’s not many assets that these companies can leverage safely that lenders are willing to lend against so

If I had one suggestion for the clean spark management team it would be paying off this debt in full 100 % and the last note I’ll make before we get into my price Target spreadsheet is that today clean Sparks are passed Riot platforms uh clean spark market cap is now $ 3.53

Billion and if I go to Riot stock its market cap is 3.52 billion if we’re being honest this probably should have happened a long time ago clean spark has been the best operator they’re growing into the biggest operator pretty quickly just behind Marathon digital and this is

Long overdue and I expect clean spk to continue to grow very very fast and their stock price to continue to climb as well as a result of that but without further Ado let’s get into my updated price Target spreadsheet and this time I actually made some drastic changes again

This is made available to my paid monthly members who support me and allow me to avoid all these crappy sponsorships that other YouTubers take I tell it like it is I’m not a financial advisor but the people in the Discord server have made enough money over the

Last couple of years to cover the price of their membership for the rest of their lives and then some be sure you join and again if you don’t find Value I will 100% refund you it’s completely risk-free to you but here let’s start at the top of this spreadsheet I actually

Didn’t make any changes to this because I knew this was going to happen right I didn’t doubt clean Sparks execution like a lot of the market and Wall Street did my projections have remained the same for a long time now where preh having I expect clean spark to hit 15 x has per

Second that seems to be right in line with what the company expects right now and by the end of 2024 I have them reaching 33 xash per second I guess a little high they expect 32 x per second and then by the end of 2025 I have them

Reaching 50 x has per second which is right in line with what what they Envision as well but in addition to cleanspark organically growing their Bitcoin mining operations I expect them to command a larger percentage of the total Bitcoin mining Network after this 2024 having event takes place you’re

Going to see lots of miners flushed out a lot of mining companies flushed out these companies and individuals that can no longer mine Bitcoin at a profit because because the reward for mining Bitcoin gets cut in half we all know this right but I actually think that if

Cleanspark grows to 33x has per second that they could command 6 and a half% of the total Network by the end of 2024 and then I have that growing slowly to around 9% by 2030 I also want to note here that this is an absolute bull case

Scenario for the price of Bitcoin which makes it an absolute bull case scenario for cleanspark this is based on Kathy Woods $1.5 million Bitcoin price prediction by the year 2030 people thought I was crazy when I first put together the spreadsheet when I said I think Bitcoin will trade at $50,000 by

The time the having happens and then by the end of 2024 I see Bitcoin reaching $100,000 I see the price of Bitcoin appreciating every single year until 2030 obviously it’s not going to be this simple we’re going to go through bare markets where this isn’t going to be

100% accurate but by the time of the year 2030 hits I have the price of Bitcoin reaching $1.5 million which again is Kathy Wood’s price prediction now here’s where I’ve made some significant changes to this spreadsheet I have decreased clean Sparks estimated costs dramatically this is as a result

Of the Wall Street analyst reports that I have gotten access to special thanks to those Wall Street analysts that have sent me those and this is also based on clean Sparks operational history where historically they have spent less money than I expected them to for 20124 I have

The company spending $400 million this includes cost of Revenue and this includes operation expenditures by the year 2030 obviously that’s going to go up as the company grows it’s Bitcoin mining operations I have the company spending two and a quar billion dollars in the year 2030 but as Bitcoin matures

I have the company’s increase in costs every single year declining meaning I think costs are going to keep going up but I think they’re going to go up less and less and less every single year based on my $100,000 bitcoin price prediction for 2024 I have the company

Doing $684 million in Revenue at $100,000 per Bitcoin by the year 2030 I have that reaching close to $9 billion and by the year 2030 I have the company’s total balance reaching $ 81.5 billion by the end of 2024 at a price of $100,000 per Bitcoin I have the

Company’s total balance valued at $850 million you can kind of see as the price of Bitcoin goes up this is a snowball it grows bigger and bigger and bigger and bigger and cing Spark could become an extremely big company and you can see this in my price targets however I’ve

Made some significant changes here as well previously I had the assumed recurring share delusion at 25% I’ve lowered this to 10% as the stock price has increased think about it previously clean spark was trading at $5 per share if they sold 20 million shares they would raise $100 million but say

Clean spark trades at $20 per share if they want to sell 20 million milon shares they raise $400 million so as the share price goes up it means that the company has to dilute less and less and less to raise more money and I will say again comparing my thoughts to these

Wall Street reports that I’ve looked at Wall Street actually sees even less delution than I see so just take these price targets and increase them a little bit uh if you think wall Street’s going to be more accurate than me when it comes to share price delution I’ve also

Decreased my PE multiples to 30 40 and 5050 which I think these are fair if the price of Bitcoin goes exponentially higher between now and 2030 these companies are going to be trading at an extreme premium because the market is going to put a premium on not only their

Operations but also their hodal balance but for the sake of this spreadsheet I have the PE multiple sitting at 40 by the year 2030 this year in 2024 so by the end of this year I think the fair value for clean spark stock if Bitcoin hits $100,000 is $437 cents which represents

146% upside from here 146% upside in less than a year that’s that’s kind of crazy now if Kathy Wood’s $1.5 million bitcoin price prediction for the year 2030 comes true I have the fair value for clean spark stock right now and things will change obviously this is

It’s hard to project things this far out in the future but based on my numbers right now I have the fair value for clean spark stock sitting at $528.00 per return over the next five or six years if this happens there is a very good chance that not only clean

Spark but the other Bitcoin mining companies as well will have ended up being the best stocks to own the best stocks to buy right now in 2024 now it’s probably important for me to note that you’re going to start seeing a lot of these very bullish Bitcoin videos and

Videos on Bitcoin mining stocks you probably see my channel and a lot of other YouTube channels start to blow up again I wouldn’t be surprised if I’m sitting close to 100,000 subscribers by the end of this year and let’s learn from the past when we reach euphoric

Levels in the markets don’t be scared to take profits and that’s another thing I want to mention right now if you have been invested in clean spark stock and you really could use the money do not hesitate to sell if you’re at a huge profit right now do what’s smartest for

You make the best financial decision for yourself unfortunately I don’t know what that is and I’m not a financial adviser so I can’t advise you on that but it’s a given that nobody watching this video has the same exact financial situation that I do everybody has a different

Situation so relying on my thoughts and my opinions and my research and then basing your opinion on what I say is probably not a very smart idea but again I hope you guys enjoyed this video hit the like button down below for me and please join that membership it means a

Lot to me uh also subscribe if you’re new here or tning not yet subscribed I love seeing all the new faces pop into the channel comment down below how many shares of clean spark you hold if you’re comfortable sharing that with that have a great rest of your day stay blessed

Keep T toes grounding your chin up peace out