CleanSpark Inc.（NASDAQ：CLSK）是一家比特幣採礦公司

儘管許多公司專注於加密貨幣開採，但CleanSpark的獨特背景是一家能源資源公司，然後在進入加密貨幣空間之前已經有多年的清潔微電網能源公司脫穎而出。

CleanSpark (NASDAQ:CLSK) shares have shot up more than 250% year-to-date as the latest Bitcoin rally continues. The company, which specializes in Bitcoin mining, has also drawn the attention of analysts, who have set a consensus price target for CLSK shares that is triple the current share price.

隨著最新的比特幣拉力賽繼續，CleanSpark（NASDAQ：CLSK）的股票年僅上漲了250％以上。該公司專門從事比特幣採礦，還引起了分析師的注意，分析師為CLSK股票設定了共識目標，這是當前股價三倍。

At least seven analysts rate the stock a Buy, with a median price target of $21.57. This compares with CleanSpark’s closing price of $7.04 on Friday.

至少有七位分析師對股票的購買量為21.57美元。相比之下，CleanSpark週五的收盤價為7.04美元。

While CleanSpark operates in a turbulent and ever-changing industry, it has noted numerous achievements that help to set it apart from other firms attempting similar operations.

儘管CleanSpark在動盪且不斷變化的行業中運作，但它注意到許多成就，有助於將其與其他嘗試類似運營的公司區分開來。

What's Happening: CleanSpark’s advantage over some of its competitors is that it has focused primarily on Bitcoin mining for the last several years, forgoing a broader approach that might also include high-performance computing (HPC) or AI applications.

正在發生的事情：CleanSpark比其某些競爭對手的優勢是，它主要集中在過去幾年的比特幣開採上，放棄了一種更廣泛的方法，該方法也可能包括高性能計算（HPC）或AI應用程序。

This is evidenced by CleanSpark’s modest decline YTD compared to that of other competitors, even mining operations like MARA Holdings (NYSE:MARA), which has fallen by about 23% in the same period.

與其他競爭對手相比，CleanSpark的YTD中等下降，即使是Mara Holdings（NYSE：MARA）等採礦業務，這一點證明了這一點，該行動在同一時期下降了約23％。

This efficiency of operations is reflected in CleanSpark’s costs associated with mining. The company said its costs to mine a Bitcoin in the final quarter of 2024 were roughly $34,000, lower than those of many competitors with a broader range of operations and services.

這種操作效率反映在與採礦相關的CleanSpark的成本中。該公司表示，其在2024年最後一個季度開採比特幣的費用約為34,000美元，低於許多運營和服務範圍更廣泛的競爭對手的費用。

CleanSpark has grown its computing capacity to allow it to maintain or even grow its mining rates. For April 2025, the company achieved an average hash rate of over 40 EH/s, or exahash per second (reflecting one quintillion hashes per second). The higher a miner’s hash rate, the greater the number of computations they complete per second, and the better their chances of successfully mining Bitcoin become.

CleanSpark已增強其計算能力，使其能夠維持甚至提高其採礦率。在2025年4月，該公司的平均哈希速率超過40 eh/s，或每秒exahash（反映了每秒100億哈希斯）。礦工的哈希速率越高，他們每秒完成的計算數量越大，成功採礦比特幣的機會就越大。

This growth has been possible thanks to CleanSpark’s background as a clean energy firm, allowing it to improve its mining capacity while maintaining efficiency. The company mined 633 Bitcoin in April 2025, reaching a total Bitcoin holding of more than 12,000 by the end of the month.

由於CleanSpark作為一家清潔能源公司的背景，這種增長是可能的，從而使其能夠在保持效率的同時提高其採礦能力。該公司於2025年4月開采了633個比特幣，到本月底，總比特幣持有超過12,000。

In March, the company set a record production of more than 700 Bitcoin. It plans to continue increasing output by close to 20% this year.

3月，該公司創建了創紀錄的700多個比特幣。它計劃今年繼續增加產出近20％。

CleanSpark Shares : A Closer Look

CleanSpark分享：近距離看

Even as Bitcoin’s price swings up and down, sometimes wildly, CleanSpark’s financial standing provides it with some key stability.

即使比特幣的價格上下波動，有時甚至是瘋狂的，CleanSpark的財務狀況也為其提供了一些關鍵的穩定性。

First, its low costs-to-mine give it an advantage over competitors in terms of gross margin. As production levels increase, this should only help to strengthen CleanSpark’s position.

首先，它的低成本成本使它比競爭對手的毛利率具有優勢。隨著生產水平的提高，這只能有助於加強CleanSpark的位置。

The company has been largely successful in maintaining market discipline regarding its Bitcoin sales. In April, CleanSpark sold more than 401 Bitcoin at an average price above $90,000, even as Bitcoin’s price hovered below that figure for more than two-thirds of the month.

該公司在維護有關比特幣銷售的市場紀律方面取得了很大的成功。 4月，CleanSpark以平均價格以上的價格售出了401多個比特幣，即使比特幣的價格徘徊在該數字以下的三分之二以上。

CleanSpark has also taken steps to ensure its budget remains viable, recently securing a $200-million revolving credit facility with Coinbase (NASDAQ:COIN) Global, which should allow it to continue successfully managing its liquidity and operational expenses.

CleanSpark還採取了措施，以確保其預算保持可行，最近與Coinbase（NASDAQ：COIN）Global確保了$ 200億美元的循環信貸設施，這應該使其能夠繼續成功管理其流動性和運營費用。

At current price levels, CleanSpark’s Bitcoin reserves total about $1.2 billion, while its total market capitalization is $2.3 billion. The company is not the best value prospect among Bitcoin miners—its price-to-sales ratio of 4.86 is not as compelling, for example, as that of Hut 8 (CVE:HUT), which comes in at 1.98.

在目前的價格水平下，CleanSpark的比特幣儲量總計約12億美元，而其總市值為23億美元。該公司並不是比特幣礦工的最佳價值前景，它的價格與銷售比率為4.86並不像Hut 8（CVE：CVE：HUT）那樣引人注目，後者的價格為1.98。

However, CleanSpark’s unique efficiency, its savvy handling of its Bitcoin reserves and sales, and the prospect of increased production going forward all lend credence to widespread analyst optimism around this company.output: CleanSpark (NASDAQ:CLSK) shares have shot up more than 250% year-to-date as the latest Bitcoin rally continues. The company, which specializes in Bitcoin mining, has also drawn the attention of analysts, who have set a consensus price target for CLSK shares that is triple the current share price.

但是，CleanSpark的獨特效率，對比特幣儲備和銷售的精明處理以及增加產量的前景所有藉口信譽都使這家公司圍繞該公司的廣泛分析師樂觀。該公司專門從事比特幣採礦，還引起了分析師的注意，分析師為CLSK股票設定了共識目標，這是當前股價三倍。

At least seven analysts rate the stock a Buy, with a median price target of $21.57. This compares with CleanSpark’s closing price of $7.04 on Friday.

至少有七位分析師對股票的購買量為21.57美元。相比之下，CleanSpark週五的收盤價為7.04美元。

While CleanSpark operates in a turbulent and ever-changing industry, it has noted numerous achievements that help to set it apart from other firms attempting similar operations.

儘管CleanSpark在動盪且不斷變化的行業中運作，但它注意到許多成就，有助於將其與其他嘗試類似運營的公司區分開來。

What's Happening: CleanSpark’s advantage over some of its competitors is that it has focused primarily on Bitcoin mining for the last several years, forgoing a broader approach that might also include high-performance computing (HPC) or AI applications.

正在發生的事情：CleanSpark比其某些競爭對手的優勢是，它主要集中在過去幾年的比特幣開採上，放棄了一種更廣泛的方法，該方法也可能包括高性能計算（HPC）或AI應用程序。

This is evidenced by CleanSpark’s modest decline YTD compared to that of other competitors, even

與其他競爭對手相比