CleanSpark FY2023 revenue $168.4M (+28% YoY); net loss $136.6M, bitcoin production doubles to 6,903

CLEANSPARK, INC.

Revenue $168.4M, +28% YoY; net loss $(136.6)M vs $(57.3)M prior year.
Adjusted EBITDA $25.0M, down 55% from $56.1M; non-cash charges $32M accelerated depreciation, $7M bitcoin impairment.
Bitcoin mined 6,903 (up 84% YoY); total hashrate exceeded 10 EH/s.
Cash and bitcoin holdings ~$168M as of Nov 30; debt $14.8M; total shares 184.7M.
Revenue growth driven by higher bitcoin production; net loss widened due to non-cash charges and BTC price volatility.

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CLEANSPARK, INC. reported fiscal year ended September 30, 2023 results: revenue $168.4 million, net income $(136.6) million.

Period: fiscal year ended September 30, 2023
Revenue: $168.4 million
Net income: $(136.6) million
Result: reported results

Exact text from the filing

of which was incurred in the fourth quarter, a byproduct of our bitcoin balance increasing over 300% between the quarters.” Financial Highlights of Fiscal Year 2023 Financial Results for the Fiscal Year Ended September 30, 2023 • Revenues for the year grew to $168.4 million, an increase of $36.9 million, or 28%, from $131.5 million in the prior year.

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CLEANSPARK, INC. filing history →

Source: SEC EDGAR

accession 0000950170-23-067035

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