secwatch.observer — SEC 8-K summary
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Issuer:     CLEANSPARK, INC. (CLSK)
CIK:        0000827876
Form:       8-K
Filed at:   2023-02-09T23:59:59+00:00
Accession:  0000950170-23-002334
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/827876/000095017023002334/0000950170-23-002334-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/827876/000095017023002334/clsk-20230209.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-002334

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer