secwatch.observer — SEC 8-K summary
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Issuer:     CLEANSPARK, INC. (CLSK)
CIK:        0000827876
Form:       8-K
Filed at:   2025-02-06T23:59:59+00:00
Accession:  0000950170-25-015385
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/827876/000095017025015385/0000950170-25-015385-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/827876/000095017025015385/clsk-20250206.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-015385

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