Financial Performance - Quarterly revenue reached $181.7 million, an increase of 62.5% from $111.8 million in the same prior fiscal quarter[4] - Net loss for the quarter was ($138.8 million) or ($0.49) per basic share, compared to net income of $126.7 million or $0.59 per basic share in the prior year[4] - Adjusted EBITDA decreased to ($57.8 million) from $181.8 million in the same period a year ago[4] - Bitcoin mining revenue for Q2 2025 reached $181.712 million, a 62.4% increase from $111.799 million in Q2 2024[19] - Total costs and expenses for Q2 2025 were $319.736 million, compared to a negative $25.322 million in Q2 2024, indicating a significant increase in operational costs[19] - Net loss for Q2 2025 was $138.792 million, contrasting with a net income of $126.735 million in Q2 2024[19] - Adjusted EBITDA for Q2 2025 was $(57.789) million, a decrease from $181.829 million in Q2 2024[22] - The company reported a loss on the fair value of bitcoin of $127.667 million in Q2 2025, compared to a gain of $119.702 million in Q2 2024[22] - The company reported a total comprehensive loss attributable to common shareholders of $135.846 million in Q2 2025, compared to a comprehensive income of $123.922 million in Q2 2024[19] Assets and Capital Structure - Total assets amounted to $2.7 billion, with total stockholders' equity at $1.9 billion[8] - The company had working capital of $838.2 million as of March 31, 2025, including $50 million capacity on a bitcoin collateralized line of credit[5] - Cash reserves stood at $97.0 million, while bitcoin holdings were valued at $979.6 million[4] - The weighted average common shares outstanding for Q2 2025 were 280,853,882, up from 209,287,089 in Q2 2024[20] Operational Efficiency and Strategy - CleanSpark aims to reach a target of 50 EH/s in bitcoin mining by June 2025[2] - The company maintains one of the most efficient cost structures in the industry, focusing on capital efficiency and long-term stockholder value[2] - CleanSpark is committed to strategic expansion without relying on dilutive capital, as evidenced by its expanded revolving line with Coinbase[2] Expenses - The company incurred $78.901 million in depreciation and amortization expenses in Q2 2025, compared to $32.187 million in Q2 2024[19] - Professional fees increased to $2.983 million in Q2 2025 from $2.208 million in Q2 2024[19] - Interest income for Q2 2025 was $2.014 million, slightly down from $2.684 million in Q2 2024[19] Bitcoin Production - Bitcoin production grew to 1,957 coins, with an average revenue per coin of $92,811[1]

Core Insights - CleanSpark, Inc. reported a quarterly revenue of $181.7 million, reflecting a 62.5% increase from the previous year [1][4] - The company produced 1,957 bitcoins, with an average revenue per coin of $92,811 [1] - The net loss for the quarter was $138.8 million, translating to a loss of $0.49 per basic share, compared to a net income of $126.7 million or $0.59 per share in the same period last year [4][15] Financial Performance - Quarterly revenues reached $181.7 million, up from $111.8 million in the same quarter last year, marking an increase of $69.9 million [4][15] - Adjusted EBITDA decreased to ($57.8 million) from $181.8 million in the same period a year ago [4][17] - The company had total assets of $2.7 billion and total liabilities of $766.5 million as of March 31, 2025 [4][14] Strategic Focus - CEO Zach Bradford emphasized the company's commitment to being a pure-play public bitcoin miner, aiming for a target of 50 EH/s by June 2025 [2] - The company has maintained a disciplined approach to cost control while expanding its operations without relying on dilutive capital [2][3] - CleanSpark's Digital Asset Management group is focused on optimizing the company's bitcoin treasury, positioning it as a productive asset [2] Balance Sheet Highlights - As of March 31, 2025, CleanSpark had working capital of $838.2 million, including a capacity of $50 million on a bitcoin collateralized line of credit [3] - Total current assets amounted to $947.5 million, with cash holdings of $97.0 million and bitcoin valued at $979.6 million [4][14] - Total stockholders' equity was reported at $1.9 billion, reflecting a strong financial position despite the net loss [4][14]

Core Viewpoint - CleanSpark (CLSK) is expected to report second-quarter fiscal 2025 results on May 8, with earnings estimated at 3 cents per share, reflecting a significant year-over-year decline of 76.92%, while revenues are projected to increase by 76.27% to $197.07 million [1]. Group 1: Earnings Performance - CleanSpark has a mixed earnings surprise history, missing the Zacks Consensus Estimate in two of the last four quarters and beating in the other two, resulting in an average earnings surprise of 11.54% [2]. - The upcoming earnings announcement is anticipated to reflect the company's strategic investments and operational efficiencies [3]. Group 2: Operational Efficiency - The company's operational efficiency is expected to be bolstered by investments in S21 and S21 XT immersion units, which enhance efficiency and align with CleanSpark's expansion strategy, aiding in scaling operations while minimizing idle assets [4]. - CleanSpark is well-positioned to meet its mid-year target of 50 exahash due to a strong infrastructure foundation, including sourced transformers and power distribution [5]. Group 3: Strategic Focus - CleanSpark's focus on Bitcoin mining, as opposed to speculative high-performance computing, is projected to drive stable revenues, with continued progress in mining operations expected in the second quarter [6]. - The company's strategy is likely to capitalize on Bitcoin's price fluctuations while maintaining cost-effective mining operations [5]. Group 4: Earnings ESP and Zacks Rank - According to the Zacks model, CleanSpark currently has an Earnings ESP of -180.00% and a Zacks Rank of 3, indicating a lower likelihood of an earnings beat [7].

Group 1 - CleanSpark (CLSK) closed at $8.81, with a +1.61% increase, outperforming the S&P 500's gain of 1.47% [1] - The company's shares have risen 17% over the last month, contrasting with the Finance sector's loss of 0.97% and the S&P 500's loss of 0.47% [1] Group 2 - The upcoming EPS for CleanSpark is projected at $0.03, indicating a 76.92% decline compared to the same quarter last year, while revenue is estimated at $197.07 million, up 76.27% year-over-year [2] - For the entire year, earnings are forecasted at $0.99 per share and revenue at $817.49 million, reflecting increases of +480.77% and +115.71% respectively compared to the previous year [3] Group 3 - Recent changes to analyst estimates for CleanSpark are being monitored, as positive revisions indicate optimism regarding the company's business and profitability [4] - The Zacks Rank system, which reflects estimate changes, currently ranks CleanSpark at 3 (Hold) after a 5.56% decline in the Zacks Consensus EPS estimate over the past month [6] Group 4 - CleanSpark is trading with a Forward P/E ratio of 8.8, which is lower than the industry's average Forward P/E of 9.97 [7] - The Financial - Miscellaneous Services industry, to which CleanSpark belongs, has a Zacks Industry Rank of 86, placing it in the top 35% of over 250 industries [7]

LAS VEGAS, May 2, 2025 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK) (the "Company"), America's Bitcoin Miner®, will discuss its fiscal second quarter 2025 financial results via a live webcast beginning at 4:30 p.m. EST / 1:30 p.m. PST on Thursday, May 8, 2025.Webcast Information: To view the webcast, please click here.Downloadable files, including a transcript, will be available on the company website 48 hours after the event.About CleanSpark CleanSpark (Nasdaq: CLSK), America's Bitcoin Miner®, is a mark ...

Core Insights - CleanSpark (NASDAQ: CLSK) is focused on Bitcoin mining rather than pursuing high-performance computing (HPC) service revenue, differentiating itself from many competitors in the industry [1]. Company Focus - CleanSpark's commitment to Bitcoin mining indicates a strategic choice to capitalize on the growing demand for cryptocurrency rather than diversifying into HPC services [1]. Analyst Background - The analysis is provided by a former media research analyst with expertise in crypto, Bitcoin miners, metals, and media equities, suggesting a knowledgeable perspective on the industry [1].

Group 1 - The stock market and cryptocurrencies, particularly Bitcoin, have experienced a significant relief rally recently [1] - Gary Alexander has extensive experience in technology companies and has been a contributor to Seeking Alpha since 2017, providing insights into industry trends [1] Group 2 - The article does not provide any specific financial data or performance metrics related to companies or industries [2][3]

Core Viewpoint - CleanSpark's stock performance has shown resilience compared to broader market indices, with a slight increase in share price despite anticipated earnings decline and mixed revenue projections [1][2]. Financial Performance - CleanSpark is projected to report earnings of $0.02 per share, reflecting a year-over-year decline of 84.62% [2]. - Revenue is expected to reach $191.98 million, indicating a significant increase of 71.72% from the same quarter last year [2]. - For the entire year, earnings are forecasted at $0.98 per share and revenue at $810.72 million, representing increases of 476.92% and 113.93% respectively compared to the previous year [3]. Analyst Estimates - Recent changes to analyst estimates for CleanSpark are crucial as they reflect near-term business trends, with upward revisions indicating positive sentiment towards the company's operations [4]. - The Zacks Rank system, which incorporates estimate changes, currently assigns CleanSpark a rank of 3 (Hold), with no changes in the consensus EPS estimate over the past month [6]. Valuation Metrics - CleanSpark is trading at a Forward P/E ratio of 8.95, which is slightly below the industry average of 8.98 [7]. - The Financial - Miscellaneous Services industry, to which CleanSpark belongs, holds a Zacks Industry Rank of 90, placing it in the top 37% of over 250 industries [7].

CleanSpark (CLSK) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this company have returned -3.1%, compared to the Zacks S&P 500 composite's -6.9% change. During this period, the Zacks Financial - Miscellaneous Services industry, which CleanSpark falls in, has lost 8%. The key question now is: What could be the stock's future direction?While media releas ...

Proceeds from credit facility to support accretive growth on non-dilutive terms Company to begin selling a portion of monthly Bitcoin production to cover operations LAS VEGAS, April 15, 2025 /Prnewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK), America's Bitcoin Miner® (the "Company"), today announced it has expanded its capital strategy to include an increase in its credit facility with Coinbase Prime (Nasdaq: COIN) to $200 million. Additionally, the Company's Digital Asset Management team has officially launch ...