earnings
confidence high
sentiment negative
materiality 0.75
CleanSpark Q2 revenue $181.7M (+62.5% YoY); net loss $138.8M vs prior-year profit
CLEANSPARK, INC.
- Revenue grew 62.5% to $181.7M from $111.8M in prior-year quarter.
- Net loss of $138.8M ($0.49 per basic share) vs net income of $126.7M ($0.59 per basic share) a year ago.
- Adjusted EBITDA swung to -$57.8M from +$181.8M in the prior-year period.
- Bitcoin production reached 1,957 coins at average revenue per coin of $92,811.
- Bitcoin holdings valued at $979.6M; working capital $838.2M including $50M credit line from Coinbase.