CleanSpark

CleanSpark, Inc. is a Bitcoin mining and energy technology company, which engages in the provision of solutions to modern energy challenge and an advanced energy software and control technology. The company was founded by S. Matthew Schultz on October 15, 1987 and is headquartered in Henderson, NV.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

CleanSpark reports record bitcoin production but faces net loss

CleanSpark demonstrated strong bitcoin production growth but faced a net loss due to market conditions. The company's focus on proprietary mining, energy management, and efficiency positions it well for future growth. By exploring strategic expansion, technology adoption, and potential acquisitions, CleanSpark aims to enhance its competitive edge.

CleanSpark reports strong Q2 earnings, poised for growth and efficiency

CleanSpark's Q2 2023 earnings call showcased robust financial performance, operational advancements, and strategic positioning for growth in the cryptocurrency mining sector.
While facing challenges in sustaining growth momentum and managing operational complexities, the company's strong balance sheet and focus on efficiency offer a solid foundation.
Opportunities lie in expanding hash rate capacity, optimizing infrastructure, and leveraging financial strength for strategic initiatives and market diversification.
Overall, CleanSpark's performance, strengths, and proactive approach to challenges position them well to capitalize on opportunities and navigate the evolving cryptocurrency landscape.

CleanSpark excels in Q3 with strong revenue growth and Bitcoin strategy

CleanSpark's Q3 performance reflects strong revenue growth, improved margins, and enhanced EBITDA, driven by strategic Bitcoin management and operational efficiency.
The company's strengths lie in its financial stability, mining capacity expansion, and commitment to innovation through data center expansions and immersion cooling technology.
While facing challenges in risk management, efficiency optimization, and regulatory uncertainties, CleanSpark is well-positioned to leverage opportunities in market dynamics and technology advancements.

CleanSpark reports record revenue and efficiency gains, eyes strategic growth

CleanSpark's strong financial performance, strategic acquisitions, and focus on efficiency position them well for future growth and expansion.
Challenges lie in improving energy efficiency, executing expansion plans, and navigating potential mergers and acquisitions.
Opportunities abound in enhancing efficiency, exploring M&A for market value maximization, and expanding mining capacity to reach targets.

CleanSpark reports stellar Q1 results, eyes Bitcoin halving opportunities

CleanSpark delivered impressive financial performance, operational achievements, and strategic initiatives in Q1 2024, reflecting strong growth momentum
The company's strengths lie in its robust financial position, operational resilience, and technological capabilities, positioning it well for future success
While facing challenges such as post-halving price impact and market uncertainties, CleanSpark can leverage opportunities in Bitcoin adoption and mining industry growth for sustained growth

CleanSpark achieves record revenue and EBITDA, poised for growth

CleanSpark's Q2 2024 performance reflects robust growth in revenue and EBITDA, driven by bitcoin production and strategic initiatives. The company's strong financial position, expansion into Wyoming, and M&A strategy position it well for future growth and industry consolidation.

CleanSpark exceeds $100M revenue, strengthens mining capabilities with acquisitions

CleanSpark delivered strong financial performance in Q3 2024, surpassing $100 million in revenue and showcasing operational efficiency and market leadership.
While facing a net loss driven by non-cash items, the company's balance sheet remains robust, supported by a significant Bitcoin holding and strategic partnerships.
To sustain profitability, CleanSpark needs to address challenges related to the net loss and focus on optimizing operational costs and mining efficiency while capitalizing on growth opportunities.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

CleanSpark, Inc. is a bitcoin mining technology company, which engages in the management of data centers. Its operations include College Park, Norcross, Washington, Sandersville, Dalton, and Massena. The company was founded by S. Matthew Schultz and Bryan Huber on October 15, 1987 and is headquartered in Henderson, NV.

Bear market strategies accelerated Company growth, tripling hashrate in less than a year Bear market strategies accelerated Company growth, tripling hashrate in less than a year

CleanSpark's Hashrate Exceeds 3 Exahashes Following Summer of Acquisitions

On the 19th of August, sustainable bitcoin mining firm CleanSpark (US:CLSK) announced to the market the purchase and completion of an active mining facility located in Washington, Georgia.

CleanSpark's (CLSK) Rally Fades Following The Completion of the 86MW Mining Facility in Georgia

Transaction closes ahead of schedule, paving way for energization of 3,400 on-site machines in coming days; additional 8,283 machines to arrive on site within the week Transaction closes ahead of schedule, paving way for energization of 3,400 on-site machines in coming days; additional 8,283 machines to arrive on site within the week

CleanSpark Completes Acquisition of Recently Announced 86MW Facility in Georgia

CleanSpark, Inc. (NASDAQ:CLSK ) Q3 2022 Earnings Conference Call August 9, 2022 4:30 PM ET Company Participants Isaac Holyoak - Chief Communications Officer Zach Bradford - Chief Executive Officer Gary Vecchiarelli - Chief Financial Officer Conference Call Participants Mike Colonnese - H.C. Wainwright & Co. Greg Lewis - BTIG Operator Good afternoon.

CleanSpark, Inc.'s (CLSK) CEO Zach Bradford on Q3 2022 Results - Earnings Call Transcript

CleanSpark (CLSK) delivered earnings and revenue surprises of -700% and 13.33%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

CleanSpark (CLSK) Reports Q3 Loss, Lags Revenue Estimates

CleanSpark Inc (NASDAQ:CLSK) announced that its third-quarter 2022 revenue surged 243% year-over-year to $31 million, as the company mined a record 964 Bitcoins and increased its Hashrate by 22% during the period. The sustainable bitcoin mining and energy technology firm also recorded positive Adjusted EBITDA of $15.2 million during the 3Q, which represents margins on revenue of 49%, compared with negative Adjusted EBITDA of $1.7 million a year ago.

CleanSpark sees its 3Q revenue soar 243% to $31M on Hashrate and Bitcoin mining boost

Third quarter revenue of $ 31.0 million, net GAAP loss of $(29.3) million and Adjusted EBITDA of $15.2 million; Mined 964 Bitcoin and Increased Hashrate by 22%; Increases 2023 Year-end Hashrate Guidance to 22.4 EH/s LAS VEGAS , Aug. 9, 2022 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK) (the "Company"), America's Bitcoin Miner™, today reported financial results for the three and nine months ended June 30, 2022. "CleanSpark continued to grow by mining a record number of bitcoin and substantially increasing our hashrate," said Zach Bradford, Chief Executive Officer.

CleanSpark Reports Third Quarter FY2022 Financial Results

CleanSpark Inc (NASDAQ:CLSK) said it has entered into a definitive agreement to acquire an active bitcoin mining facility located in Washington, Georgia, for $16.2 million. The company said it has also purchased approximately 3,400 of the latest generation Antminer S19 series of machines for approximately $8.9 million.

CleanSpark enters definitive agreement to acquire an active bitcoin mining facility located in Washington, Georgia, for $16.2M

CleanSpark (CLSK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

CleanSpark (CLSK) Reports Next Week: Wall Street Expects Earnings Growth

LAS VEGAS, July 29, 2022 (GLOBE NEWSWIRE) -- CleanSpark Inc. (Nasdaq: CLSK), America's bitcoin miner, will discuss fiscal third quarter 2022 financial results via a live webcast beginning 4:30 p.m. ET / 1:30 p.m. PT on Tuesday, August 9, 2022.  Results will be released after the close of regular trading on August 9, 2022.

CleanSpark Executives to Discuss Fiscal Third Quarter 2022 Financial Results Via Webcast

CleanSpark Inc (NASDAQ:CLSK) told investors it has acquired 1,061 Whatsminer M30S machines that are already mining bitcoin at Coinmint's renewable-powered co-location facility, adding around 93 petahashes per second (PH/s) of computing power to CleanSpark's existing mining capacity. The company's computing power has increased by 47% over the last six months, while its monthly bitcoin production has grown 50% in the same period.

CleanSpark expands bitcoin mining capacity by over 90 petahashes with recent machines acquisition

Shares of CleanSpark Inc. CLSK, -5.56% dropped 5.7% in afternoon trading Wednesday, after the company said it sold more than 300 bitcoin BTCUSD, -0.83% during June at an average price that was 21.4% below sales made the month before. The bitcoin mining company said it fully funded its growth and operations through the sale 328 bitcoin (BTC) in June at an average price of $25,644 per BTC, proving proceeds of about $8.4 million.

CleanSpark stock pulls back after reporting June bitcoin sales, production data

CleanSpark Inc (NASDAQ:CLSK) has released its unaudited bitcoin (BTC)  production and operations update for the calendar year-to-date ending June 30, 2022, showing monthly production of 339. The company said production in the calendar year ending June 30, 2022, was 1,863, with its total BTC holdings as of June 30 at 561, and total BTC converted for operations and growth in June at 328.

CleanSpark says bitcoin production for the month ending June 30, 2022, was 339

Bitfarms Ltd

Core Scientific Inc

Hive Blockchain Technologies Ltd

Hut 8 Mining Corp

Marathon Digital Holdings

Riot Blockchain

Publicly traded bitcoin miners hold about 46,000 bitcoin, more than 20% of the 800,000 bitcoin held by all miners, public and private.

Bitcoin Miners Join Investors on Selling Spree

CleanSpark has secured the fastest and most power-efficient bitcoin mining machines at a significantly discounted price—along with immersion-cooling infrastructure CleanSpark has secured the fastest and most power-efficient bitcoin mining machines at a significantly discounted price—along with immersion-cooling infrastructure

CleanSpark Acquires Contract for Best-in-class Mining Machines, Partners with TMGcore to Expand Immersion-cooled Operations

Bitcoin mining companies are rebounding today, along with the price of Bitcoin.

Why Shares of CleanSpark, Riot Blockchain, and Hut 8 Mining Are Rising Today

CleanSpark Inc (NASDAQ:CLSK) has reported a four-fold increase in revenue for the fiscal second quarter while continuing to execute on its infrastructure-first strategy. The bitcoin miner posted revenue of $41.6 million in the three months to March 31, 2022, compared to $8.1 million in the same period last year, while sequential revenue was up 1% from the previous quarter.

CleanSpark reports four-fold increase in fiscal 2Q revenue to $41.6M

CleanSpark (CLSK) delivered earnings and revenue surprises of -83.33% and 2.56%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

CleanSpark (CLSK) Q2 Earnings Lag Estimates

CleanSpark, Inc. (NASDAQ:CLSK ) Q2 2022 Results Conference Call May 10, 2022 4:30 PM ET Company Participants Rachel Silverstein - Senior Vice President, Compliance and General Counsel Zach Bradford - Chief Executive Officer Gary Vecchiarelli - Chief Financial Officer Conference Call Participants Tyler DiMatteo - BTIG Operator Good afternoon and welcome to the CleanSpark Second Quarter 2022 Earnings Conference Call. All participants will be in a listen-only mode.

CleanSpark, Inc. (CLSK) CEO Zach Bradford on Q2 2022 Results - Earnings Call Transcript

Second quarter revenue of $41.6 million, net loss of $(0.17) million and Adjusted EBITDA of $22.5 million; Company continues to execute its strategic plan and make significant headway in mining operations LAS VEGAS , May 10, 2022 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK) (the "Company"), a sustainable bitcoin mining and energy technology company, today reported financial results for the three and six months ended March 31, 2022. "The theme for this quarter has been operational and financial execution," said Zach Bradford, Chief Executive Officer.

CleanSpark Reports Second Quarter FY2022 Financial Results

LAS VEGAS, May 03, 2022 (GLOBE NEWSWIRE) -- CleanSpark Inc. (Nasdaq: CLSK) (the "Company" or "CleanSpark"), a sustainable bitcoin mining and energy technology company, today announced it will release its second quarter financial results on May 10 after the U.S. market closes. The earnings release will be followed by an investor conference call at 4:30 p.m. EST to discuss the results.

CleanSpark Announces Timing of Second Quarter FY2022 Earnings Release

The company takes out what's effectively an expensive loan.

Why CleanSpark Stock Dived by Nearly 11% Today

CleanSpark Inc (NASDAQ:CLSK) said it has finalized $35 million in non-dilutive financing from Trinity Capital Inc, a provider of venture debt financing. The company said the three-year equipment financing agreement is backed by 3,336 new S19j Pro miners and carries an annual interest rate of 9.9%.

CleanSpark says it has finalized $35 million in non-dilutive financing from Trinity Capital

The move delivers on CleanSpark's commitment to rightsizing its capital structure The move delivers on CleanSpark's commitment to rightsizing its capital structure

CleanSpark Finalizes $35 Million in Financing from Trinity Capital

CleanSpark Inc (NASDAQ:CLSK) told investors it has earned the 44th spot on the Financial Times' list of the 500 fastest-growing companies in the Americas. The company said the list identifies the top 500 companies based in 20 North, Central and South American countries, ranked by revenue growth rate from 2017 to 2020.

News for CleanSpark Stock (CLSK)