earnings
confidence high
sentiment positive
materiality 0.80
CleanSpark FY 2024 revenue up 125% to $378.9M; adjusted EBITDA $245.8M
CLEANSPARK, INC.
- Revenue $378.9M, up 125% YoY from $168.4M; net loss ($145.8M) or ($0.69)/share.
- Adjusted EBITDA $245.8M, up from $25.0M prior year; produced ~7,100 BTC despite halving.
- Current hashrate 33.5 EH/s, on track for 37 EH/s by year-end and 50 EH/s in 2025.
- Total assets $2.0B, working capital $517.5M; bitcoin holdings 8,049 BTC valued at $509.5M.
- Added 423 MW to operating portfolio (now 726 MW) via M&A and organic growth.