CleanSpark Q1 FY2024 revenue $73.8M (+165% YoY), net income $25.9M vs loss

CLEANSPARK, INC.

Revenue of $73.8M, up 165% YoY from $27.8M; net income of $25.9M vs loss of $29.0M.
Adjusted EBITDA $69.1M vs ($2.0M) prior year; EPS $0.14 vs ($0.46) loss per share.
Current hashrate >12.5 EH/s; reiterates 20 EH/s target in H1 FY2024, path to 50 EH/s.
Balance sheet: cash $48.5M, bitcoin holdings $127M, total assets $862.7M, debt $14.5M.
CEO says consensus estimates beaten across revenue, EPS, and profitability.

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CLEANSPARK, INC. reported the three months ended December 31, 2023 results: revenue $73.8 million, net income $25.9 million, EPS $0.14 basic income per share.

Period: the three months ended December 31, 2023
Revenue: $73.8 million
Net income: $25.9 million
EPS: $0.14 basic income per share
Result: reported results

Exact text from the filing

set forth by specific reference in such a filing. --- EX-99.1 (EX-99.1) --- EX-99.1 CleanSpark Reports First Quarter FY2024 Financial Results FY2024 First Quarter Revenue of $73.8 million, net income of $25.9 million and Adjusted EBITDA of $69.1 million Revenue grows 165% year over year Current hashrate surpasses 12.5 EH/s LAS VEGAS—CleanSpark, Inc. (Nasdaq: CLSK)

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Source: SEC EDGAR

accession 0000950170-24-012761

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