CleanSpark Inc reports results for the quarter ended September 30 - Earnings Summary
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CleanSpark IncQ) reported a quarterly adjusted loss of 27 cents per share for the quarter ended September 30, exceeding last year's loss of 63 cents. Revenue increased by 70% to $28 million, but fell short of analyst expectations of $64 million. The average analyst rating remains "buy" with a median 12-month price target of $50. CleanSpark shares rose 53.6% this quarter and 30.1% year-to-date. Analysts' earnings estimates have decreased by 68% over the last three months, with no recent revisions.
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