secwatch.observer — SEC 8-K summary
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Issuer:     CLEANSPARK, INC. (CLSK)
CIK:        0000827876
Form:       8-K
Filed at:   2025-05-08T23:59:59+00:00
Accession:  0000950170-25-066936
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CleanSpark Q2 revenue $181.7M (+62.5% YoY); net loss $138.8M vs prior-year profit
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/827876/000095017025066936/0000950170-25-066936-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/827876/000095017025066936/clsk-20250508.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-066936

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