secwatch.observer — SEC 8-K summary
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Issuer:     CLEANSPARK, INC. (CLSK)
CIK:        0000827876
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0000950170-24-056324
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/827876/000095017024056324/0000950170-24-056324-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/827876/000095017024056324/clsk-20240509.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-056324

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