CLEANSPARK
Hello everyone! Today I'm going to be shining some light on a company which I believe deserves more recognition. The name of this company is Cleanspark. In this blog I'll be going over why I believe Cleanspark is worth putting on your watchlist, what they do, and my price predictions. If this sounds interesting stick around, because I got a whole bunch of things to tell you.
Why Cleanspark?
The reason I really like this stock is because they’re a diversified play, Cleanspark is both an energy and a Blockchain stock. Cleanspark has a bunch of different revenue streams and are not subject to only one income source like some of their other competitors (bitcoin mining stocks). It's all about preference, if you're looking for more of a pure play the miners such as Hive Blockchain, Marathon Digital, and Riot Blockchain are great companies! However, if you're trying to spice things up and get some exposure to the energy sector as well as the Bitcoin miners, Cleanspark is a two birds one stone type of move.
What do they do?
To get a full idea of what Cleanspark does you should probably do your own due diligence and check out their website which I have linked on the top of this blog. To quickly recap they make microgrids, set up solar panels, mine bitcoin, and sell their software as a service. There’s a lot of videos on YouTube that goes very in depth with the numbers and how big their operations are, but to put things into perspective they’re ranked 11th in the world (they were 10th until tesla joined the industry) for their microgrid operations. That doesn’t sound impressive until you realize that most of the companies ahead of them are multi-billion dollar companies with stock prices all around the $100 plus range. Cleanspark on the other hand, is currently trading at $12.66 with a market cap of $452m! There’s an enormous amount of room for growth and it’s definitely undervalued.
Currently their bitcoin operations aren’t that big but by the end of the year they’ll have 2eh/s and by 2022 they will have 3eh/s of computing power. This will put them in the upper-mid tier in comparison to the biggest miners. Considering that they’re a top tier company in their main field (microgrids) and can still compete with the pure play miners this is definitely a company worth looking into.
There’s only so much info I can put on here about this company, so if this is the type of company you are interested in, watch some videos and take a look at their website. The best type of investments are always the ones you take your time to analyze and research, there's a bunch of information out there on the web and I want you to gain your own conviction😀 One more thing, Cleanspark is a renewable energy company so it’s environmentally friendly which is perfect. The world is shifting towards green energy to reduce pollution so I feel like this would be a good incentive for investors/institutions to invest in Cleanspark. Also, I like the management and the CEO seems like a smart, well spoken guy who knows what he's doing.
Pice Predictions
Current price: $12.66 |previous 52 week high: $42.60 | all time high 150.10 my honest price target (End of Year): $60 (take a look at rex finance's youtube channel for reference) my bullish target $80 [5-6x plus potential!]
Bearish: I actually don't think this stock is going to go much lower than 12 bucks it looks like it bottomed out.
This stock is at a really good entry point and can be played as a end of year swing or a long term 1+ year hold. What I’m currently thinking of doing with this stock is holding it till the end of the year and selling some shares it I can take some profit.
Conclusion
Remember to do your own due diligence, and this is not financial advice! This is just my opinion after doing my research and is something I wanted to share with you guys😄 If you guys would like to see more content similar to this let me know! I hope you got some value from this blog, if you feel this was worth your time hit that follow button to stay updated and smash that upvote!! Till next time, god willing, PEACEEE