![]() With the recent crypto speculation craze over the first few months of the year, the stock saw extreme value, and many thought the entire company was shifting to this asset class. At a certain point, governments must consider the ethicals of destroying an asset class worth over $1.0 trillion. Further risk is associated with regulation, as the asset class is far from legalized in any country except El Salvador, yet they may be paving the way for a stable Bitcoin ecosystem. Further, the company has a predicament, should they sell the coins as soon as awarded, or should they wait for the price to increase? If the price fails to reach a higher level, then they should have sold earlier. As such, forward growth estimates must be calculated as varying price points as the future value of Bitcoin is unknown. However, risk exists as revenues are tied to the volatility of the asset class. Since late 2020, the company has also moved into Bitcoin ( BTC-USD) mining, a necessary part of the bitcoin system. Further, the potential cost savings due to the automation and optimization software will allow for benefit during normal use periods. If consumers begin to worry about their power availability with the increased risk of blackouts or power loss, then there is a large addressable market cap. Most current applications are for large-scale industrial or commercial settings, and so are unable to grow with a large consumer base. For example, look to the recent Texas grid failure last winter or the frequent California blackouts as a huge risk for the numerous companies that are headquartered in those states.Īnother point of difference to competitors such as Siemens ( OTCPK:SIEGY), Schneider ( OTCPK:SBGSF) ( OTCPK:SBGSY), or other conglomerates is that CleanSpark is attempting to be the first mainstream residential microgrid provider. With current climate change influenced weather damage, dated grid infrastructure, and increased deployment of renewable assets, I expect there will be an exponentially increasing need for microgrids over the coming years. However, CleanSpark is further differentiated by their software platforms that provide automated and optimized control to clients, and this may be the point of differentiation to the numerous competitors in the field. Now, their platform is deployed in over seven countries and their microgrid controllers are ranked 11 in the world according to Guidehouse Insights, higher than huge names like GE ( GE ), Emerson ( EMR ), and Eaton ( ETN ). For those who may be new to the company, CleanSpark ( NASDAQ: CLSK) began as a leading producer of microgrid technology, and many of their first installations were for military use. The energy segment provides engineering, design and software, cus. The Digital Currency Mining segment engages in mining of bitcoin. It operates in two segments, Digital Currency Mining and Energy. provides bitcoin mining and energy technology solutions worldwide. was incorporated in 1987 and is headquartered in Henderson, Nevada. The company was formerly known as Stratean Inc. In addition, it provides design, software development, and other technology-based consulting services data center services, including rack space, power, and equipment and various cloud services, such as virtual, virtual storage, and data backup services. This segment also offers microgrid energy modeling, energy market communications, and energy management solutions comprising mPulse and mVoult, which are control platforms that enables integration and optimization of multiple energy sources Canvas, a middleware for grid operators and aggregators to administrate load shifting programs Plaid, a middleware for controls and Internet-of-Things products companies to participate in load shifting programs and mVSO, an energy modeling software for internal microgrid design, as well as owns gasification energy technologies for various applications, such as feedstock for the generation of di-methyl ether. The energy segment provides engineering, design and software, custom hardware, open automated demand response, solar, and energy storage solutions for microgrids and distributed energy systems to military, commercial, and residential customers and develops platforms that enables designing, building, operating, and managing of energy assets.
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