secwatch.observer — SEC 8-K summary
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Issuer:     CLEANSPARK, INC. (CLSK)
CIK:        0000827876
Form:       8-K
Filed at:   2024-08-09T23:59:59+00:00
Accession:  0000950170-24-094740
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CleanSpark Q3 revenue $104.1M (+129% YoY); net loss $236.2M on non-cash impairment
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- Revenue $104.1M (up 129% vs $45.5M prior year); mined 1,583 bitcoin despite halving.
- Net loss ($236.2)M or ($1.03) per share; includes non-cash impairment on miner fleet.
- Adjusted EBITDA ($12.7)M vs $13.3M prior year; gross margins strong post-halving.
- Bitcoin holdings valued at $413M; entered $50M revolving credit line with Coinbase.
- Current hashrate exceeds 22 EH/s; expanding to Tennessee and Wyoming.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/827876/000095017024094740/0000950170-24-094740-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/827876/000095017024094740/clsk-20240809.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-094740

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