---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-015385"
form_type: "8-K"
ticker: "CLSK"
cik: "0000827876"
company_name: "CLEANSPARK, INC."
filed_at: "2025-02-06T23:59:59+00:00"
generated_at: "2026-05-27T02:09:08.324427+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# CleanSpark Q1 FY2025 revenue $162.3M (+120% YoY), net income $246.8M, EPS $0.85

## Summary
- Revenue $162.3M vs $73.8M prior year; net income $246.8M ($0.85 basic EPS) vs $25.9M.
- Adjusted EBITDA $321.6M, up from $69.1M; gross margin 57%.
- Marginal cost to mine ~$34,000 per bitcoin, down 6%; operating hashrate surpassed 40 EH/s.
- Bitcoin treasury >10,500 BTC, all self-mined; closed $650M convertible bond.
- Total assets $2.8B, liquidity $1.2B; targeting 50 EH/s in first half of 2025.

## SEC filing metadata
- accession: 0000950170-25-015385
- form_type: 8-K
- ticker: CLSK
- cik: 0000827876
- company_name: CLEANSPARK, INC.
- filed_at: 2025-02-06T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/827876/000095017025015385/0000950170-25-015385-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/827876/000095017025015385/clsk-20250206.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-015385
- JSON: https://secwatch.observer/filing/0000950170-25-015385.json
- Plain text: https://secwatch.observer/filing/0000950170-25-015385.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.