---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-002334"
form_type: "8-K"
ticker: "CLSK"
cik: "0000827876"
company_name: "CLEANSPARK, INC."
filed_at: "2023-02-09T23:59:59+00:00"
generated_at: "2026-06-19T21:11:40.142093+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-23-002334
- form_type: 8-K
- ticker: CLSK
- cik: 0000827876
- company_name: CLEANSPARK, INC.
- filed_at: 2023-02-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/827876/000095017023002334/0000950170-23-002334-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/827876/000095017023002334/clsk-20230209.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-002334
- JSON: https://secwatch.observer/filing/0000950170-23-002334.json
- Plain text: https://secwatch.observer/filing/0000950170-23-002334.txt

## Key facts
- Earnings Releases
  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
  source text: 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 --
  evidence_url: https://www.sec.gov/Archives/edgar/data/827876/000095017023002334/0000950170-23-002334-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.