![]() a battery), and units that can use energy (e.g. a solar panel), units that can store energy (e.g. A microgrid is a decentralized group of units that can produce electricity (e.g. In this segment, the company offers various software solutions (most importantly "mPulse" and "mVSO") for different microgrid applications and it sells related components such as intelligent switches and parallel switchgears. Until the beginning of this year, CleanSpark’s operations only consisted of its new energy business. If you are already familiar with the company, feel free to skip this passage. In order to value the company, we need to understand both segments. Business OverviewĬleanSpark can be separated into two segments, the new energy segment and the bitcoin mining segment. ![]() However, CleanSpark ( NASDAQ: CLSK) is a special case and I will do the opposite as I really want to bring more attention to the company’s many red flags.īelow, I will provide a balanced analysis by showing all the risk factors that I have identified and why the bitcoin mining operations seem to be the only hope for the company. No cash balance or cash flow is included in the calculation.Usually, in my articles, I will first extensively talk about the investment thesis and then give readers a short overview of the involved risks. Please note all regulatory considerations regarding the presentation of fees must be taken into account. Backtested results are adjusted to reflect the reinvestment of dividends and other income and, except where otherwise indicated, are presented gross-of fees and do not include the effect of backtested transaction costs, management fees, performance fees or expenses, if applicable. Actual performance may differ significantly from backtested performance. Further, backtesting allows the security selection methodology to be adjusted until past returns are maximized. Since trades have not actually been executed, results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity, and may not reflect the impact that certain economic or market factors may have had on the decision-making process. Specifically, backtested results do not reflect actual trading or the effect of material economic and market factors on the decision-making process. ![]() Backtested performance is developed with the benefit of hindsight and has inherent limitations. This information is provided for illustrative purposes only. ![]() No representations and warranties are made as to the reasonableness of the assumptions. Certain assumptions have been made for modeling purposes and are unlikely to be realized. Changes in these assumptions may have a material impact on the backtested returns presented. General assumptions include: XYZ firm would have been able to purchase the securities recommended by the model and the markets were sufficiently liquid to permit all trading. Backtested results are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. Backtested performance is not an indicator of future actual results. Disclaimer: The TipRanks Smart Score performance is based on backtested results.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |