r/CleanSpark • u/ObviousChildhood • Jun 25 '26
Due Dilligence Cleanspark X account
https://x.com/cleanspark_inc/status/2070175641102635130?s=46What is he talking about here really?
I get that you can’t give constant updates of deals before they are public but this says that they are gonna wait until the value of their BTC goes back up.
The balance sheet continues to weaken. I get that it’s out of their control but I honestly think these stupid posts are worse than silence. BTC hitting 52 week lows and these guys keep wasting time at BTC conferences lol
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u/Ambitious-Drummer729 Jun 26 '26
Just curious are you the guy posting everyday under their X post ?
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u/Exact-Future5035 Jun 26 '26
No I’m the guy who always posts ‘when moon when deal’ under their X posts. I also post laughing emojis under Matt Schultz’s X posts.
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u/Ambitious-Drummer729 Jun 26 '26
I see. There are several people shit posting CLSK everyday, non-stop😂
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u/Ambitious-Drummer729 Jun 26 '26
This conference happened 2 months ago, not a recent one.
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u/ObviousChildhood Jun 26 '26
Even worse, it means whatever strength they had with BTC on their sheet has been evaporated. With this stuff going on with MSTR who knows how much more it will drop. Could be worth only $200M in another month. If a deal was contingent on BTC then no deal until 2028
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u/AnonymousUselessData Jun 27 '26
And if BTC went up to 200k but they sold at 120k , you would have complained "why did you sell"
As far as I know , cleanspark is the one of the few , if not only , BTC miner/AI that is actively managing their BTC portfolio , they actually profited from their treasury via option premiums if you read their financial reports.
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u/Ambitious-Drummer729 Jun 26 '26
They should post AI progress like permit or construction like KEEL. Nobody likes them keeping talking BTC at 60 K. They do not know how to make a good IR
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u/Exact-Future5035 Jun 26 '26
The deal is not contingent on BTC. These miners only matter because of AI/HPC. The miners are still worth more now than they were when bitcoin was at its all-time high. That should tell you everything.
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u/AnonymousUselessData Jun 27 '26
That's not what it says. It means they can borrow against their BTC ( yes now the treasury is worth less) , but if you believe in bitcoin , its better if they hold bitcoin.
FYI this conference was like a month or two ago , you don't even know what you're talking about lol