CleanSpark Q1 FY2023: Revenue $27.8M (-25% YoY), Net loss $29.0M vs prior year profit

CLEANSPARK, INC.

Mined 1,531 Bitcoin, up 132% YoY; average hashrate increased rapidly.
Adjusted EBITDA loss of $1.4M vs positive $25.1M in same quarter last year.
Sequential revenue up 6% from Q4 FY2022; net loss improved from $42.3M.
Cash and Bitcoin liquidity $6.0M; total debt $19.6M, paid down $1.6M in quarter.
CEO reaffirms calendar year-end guidance of 16 EH/s; CFO highlights strategic acquisitions.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CLEANSPARK, INC. reported first quarter ended December 31, 2022 results: revenue $27.8 million, net income $(29.0) million.

Period: first quarter ended December 31, 2022
Revenue: $27.8 million
Net income: $(29.0) million
Result: reported results

Exact text from the filing

set forth by specific reference in such a filing. --- EX-99.1 (EX-99.1) --- EX-99.1 CleanSpark Reports First Quarter FY2023 Financial Results First quarter revenue of $27.8 million, net GAAP loss of $(29.0) million and Adjusted EBITDA of ($1.4) million; Mined 1,531 Bitcoin, a 132% increase over same prior year period LAS VEGAS, FEBRUARY 9, 2023 --

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CLEANSPARK, INC. filing history →

Source: SEC EDGAR

accession 0000950170-23-002334

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