secwatch.observer — SEC 8-K summary
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Issuer:     CLEANSPARK, INC. (CLSK)
CIK:        0000827876
Form:       8-K
Filed at:   2023-11-30T23:59:59+00:00
Accession:  0000950170-23-067035
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/827876/000095017023067035/0000950170-23-067035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/827876/000095017023067035/clsk-20231130.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-067035

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