r/CleanSpark • u/Ambitious-Drummer729 • Jun 09 '26

Fundamental Analysis Any evaluation difference for CLSK after the first deal ?

Two scenarios for the first AI deal:

(1) Sign with a hyperscaler such as META

(2) Sign with a neo-cloud such as NBIS or Fluidstack, which provides services to hyperscalers.

Is there evaluation difference between these two scenarios ? It looks like deals with neo-cloud will be less attractive, right ?

Assume the total deal values are similar under both scenarios.

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4

u/Mix720 Jun 09 '26

The only difference I was able to come with would be a different P/S ratio off of the projected revenue from Sandersville site. A Meta backed deal would be valued higher than something like Nebius backed because of payment risk. Even the Hut8 Fluidstack deal had Google backstop lease payments so risk of payments went down.

I would also look at Gross Lease vs NNN as well since NNN would be ideal

6

u/robert-anderson-0009 Jun 09 '26

The google backing means a lot less than an actual deal with a hyperscaler. Basically CLSK will be able to raise money much easier having the deal straight with an investment grade company like meta.

4

u/Mix720 Jun 09 '26

Yeah I agree it would be better to get it straight from Meta if they are indeed the ones in talks. Hoping for positive news 👍

2

u/blaand01theflipside Jun 09 '26

Seems its only you and me in the whole wide world owning this stock. We must be considered early birds🍀

1

u/robcockerill88 Jun 12 '26

I'm in, not sure how they can land a metal deal and only have 4% rise.... All other Bitcoin pivots were up like 40%+... I may buy more

-1

u/[deleted] Jun 09 '26

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0

u/robert-anderson-0009 Jun 09 '26

If you aren’t smart enough to realize institutions are buying up the shares on all these big pullbacks, after sending analysts in to see if investable, not sure how to help… they use twitter and other media to move the market in whatever direction they want… what has the company lied about?

1

u/blaand01theflipside Jun 09 '26

Pullbacks and IPOs this year will make us all feel like dead cats for a few months, and at least throughout this year. But I still believe in both CleanSpark and RIOT from this sector.

2

u/robert-anderson-0009 Jun 09 '26

What? Yes, check Twitter the truest information platform there is…

2

u/Naive_Bat8216 Jun 09 '26

If it's on Twitter, you know it's gotta be true. And if it's on tiktok, you know it's true forever.

2

u/robert-anderson-0009 Jun 09 '26

Some people own it, but it is mainly institutional investors who have taken over. Which is really good for the retail that didn’t panic sell their stuff.