CleanSpark Q2 revenue $111.8M (+163% YoY); net income $126.7M vs prior loss

CLEANSPARK, INC.

Revenue $111.8M, up 163% YoY from $42.5M; net income $126.7M ($0.59 basic EPS) vs loss of $18.5M.
Adjusted EBITDA $181.8M, up from $12.7M in prior year quarter.
Current hashrate surpasses 17 EH/s; operational capacity increased over 60% with new facilities.
Cash $323.1M, bitcoin $358.0M; total current assets $687.8M; debt only $12.8M.
Favorable all-in power cost of 4.3 cents/kWh; wholesale as low as 1.3 cents/kWh.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

CLEANSPARK, INC. reported the three months ended March 31, 2024 results: revenue $111.8 million, net income $126.7 million, EPS $0.59 basic income per share.

Period: the three months ended March 31, 2024
Revenue: $111.8 million
Net income: $126.7 million
EPS: $0.59 basic income per share
Result: reported results

Exact text from the filing

The Company increased its quarterly revenues to $111.8 million, an increase of $69.3 million, or 163% from $42.5 million for the same prior year period. • Net income for the three months ended March 31, 2024, was $126.7 million or $0.59 basic income per share compared to a loss of ($18.5) million or ($0.23) loss per share for the same prior year period.

View on SEC.gov

1447 earnings releases filed in the last 30 days. Browse all earnings releases →

CLEANSPARK, INC. filing history →

Source: SEC EDGAR

accession 0000950170-24-056324

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.