Cleanspark director Thomas Leigh Wood sells shares worth $357,329

Published 25/03/2025, 00:46
Cleanspark director Thomas Leigh Wood sells shares worth $357,329

In a recent transaction, Thomas Leigh Wood, a director at CleanSpark , Inc. (NASDAQ:CLSK), a company with a market capitalization of $2.47 billion and impressive revenue growth of 118% over the last twelve months, sold 44,444 shares of the company’s common stock. The shares were sold at an average price of $8.04 each, totaling approximately $357,329. The stock, which trades at a P/E ratio of 32, has shown significant volatility, recently gaining 8.25% in the past week. Following this sale, Wood retains direct ownership of 126,736 shares. Additionally, Wood’s spouse holds 60,196 shares indirectly. The transaction was reported in a Form 4 filing with the Securities and Exchange Commission on March 24, 2025.According to InvestingPro, CleanSpark maintains a "GOOD" financial health score, with 12 additional key insights available to subscribers through the comprehensive Pro Research Report.

In other recent news, CleanSpark, Inc. reported strong first-quarter earnings, with earnings per share (EPS) of $0.83, significantly surpassing the analyst estimate of $0.17. The company also recorded revenue of $162.3 million, exceeding the consensus estimate of $153.06 million and marking a 120% increase from the same quarter last year. CleanSpark’s net income reached $246.8 million, a substantial rise from $25.9 million in the prior year. Additionally, CleanSpark announced its entry into the S&P SmallCap 600 index, a move expected to enhance its visibility among investors. In an operational update, CleanSpark increased its bitcoin holdings to 11,177 bitcoins and achieved an end-of-month operating hashrate of 40.7 exahashes per second. On the analyst front, Cantor Fitzgerald adjusted its price target for CleanSpark to $17 from $23, maintaining an Overweight rating, while highlighting the company’s strategic focus on Bitcoin mining. Furthermore, CleanSpark’s shareholders recently elected six directors and approved executive compensation at the Annual Meeting. These developments reflect CleanSpark’s ongoing growth and strategic initiatives in the competitive Bitcoin mining sector.

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