CleanSpark Q2 revenue $42.5M, mined 1,871 bitcoin (+109% YoY); net loss $(18.5)M, Adj EBITDA $12.7M

CLEANSPARK, INC.

Revenue $42.5M (+14% YoY, +53% sequential); mined 1,871 bitcoin (+109% YoY).
GAAP net loss $(18.5)M vs $(0.2)M loss prior year; Adjusted EBITDA $12.7M vs $19.6M prior year.
Cash $10.3M, bitcoin $5.3M; total debt $17.6M, paid down $1.9M in Q2.
CEO targets 16 EH/s by year-end; 99% of miners acquired or in transit, mostly Bitmain XPs.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CLEANSPARK, INC. reported second quarter FY2023 results: revenue $42.5 million, net income $(18.5) million.

Period: second quarter FY2023
Revenue: $42.5 million
Net income: $(18.5) million
Result: reported results

Exact text from the filing

CleanSpark Reports Second Quarter FY2023 Financial Results Second quarter revenue of $42.5 million, GAAP net loss of $(18.5) million and Adjusted EBITDA of $12.7 million

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

CLEANSPARK, INC. filing history →

Source: SEC EDGAR

accession 0000950170-23-020504

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