secwatch.observer — SEC 8-K summary
======================================

Issuer:     CLEANSPARK, INC. (CLSK)
CIK:        0000827876
Form:       8-K
Filed at:   2024-02-08T23:59:59+00:00
Accession:  0000950170-24-012761
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/827876/000095017024012761/0000950170-24-012761-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/827876/000095017024012761/clsk-20240208.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-012761

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