CleanSpark: Why The Shorts Have Got It Wrong
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CleanSpark, a bitcoin mining company, has a high short interest of 31% and has not appreciated like other crypto stocks. Retail investors are concerned about dilution and shorting. A key catalyst will be their Q4 earnings guidance, as they hold a significant number of bitcoins.
November 28, 2024 | 7:30 am
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CleanSpark has a high short interest of 31% and has not appreciated like other crypto stocks. Retail investors are concerned about dilution and shorting. A key catalyst will be their Q4 earnings guidance, as they hold a significant number of bitcoins.
CleanSpark's high short interest and dilution have negatively impacted its stock price. However, the company's significant bitcoin holdings could positively influence its Q4 earnings, potentially driving the stock price up if the earnings guidance is favorable.
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IMPORTANCE 80
RELEVANCE 100