CleanSpark: Buy The Dip In This Undervalued Bitcoin Miner
Portfolio Pulse from
CleanSpark, a Bitcoin mining company, is currently undervalued with its share price remaining flat despite a significant increase in Bitcoin prices. The company is trading near its book value and has strong earnings potential for FY25. With a cost of $36,250 per Bitcoin mined, CleanSpark enjoys a gross margin of over 60% if Bitcoin prices remain around $100,000.
January 10, 2025 | 1:30 pm
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CleanSpark is undervalued with its share price flat despite a doubling in Bitcoin prices. Trading near book value, it has strong earnings potential for FY25 and a 60%+ gross margin if Bitcoin prices stay around $100k.
CleanSpark's flat share price despite a significant rise in Bitcoin prices suggests it is undervalued. The company's strong earnings potential for FY25 and high gross margin at current Bitcoin prices indicate a positive outlook, making it a potential buy opportunity.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100