Revenue Growth - Revenue grew 125% year over year to $378.9 million in FY 2024[1][5] - Bitcoin mining revenue increased to $378,968K in 2024, up 125.4% from $168,121K in 2023[19] - Total revenues rose to $378,968K in 2024, a 125.1% increase from $168,408K in 2023[19] Hashrate and Bitcoin Production - Current hashrate surpassed 33.5 EH/s, on track to reach 37 EH/s by year-end[1] - Company produced approximately 7,100 BTC in FY 2024[3] - Company aims to reach 50 EH/s and beyond in 2025[2] Financial Performance - Adjusted EBITDA increased to $245.8 million, up from $25.0 million in the prior fiscal year[6] - Net loss for FY 2024 was ($145.8) million, compared to ($138.1) million in the prior year[5] - Adjusted EBITDA improved significantly to $245,848K in 2024, up 882.5% from $25,028K in 2023[22] - Net loss attributable to common shareholders widened to $149,199K in 2024, up 8.0% from $138,148K in 2023[19] Assets and Holdings - Total assets reached $2.0 billion as of September 30, 2024[6] - Bitcoin holdings valued at $509.5 million, including 8,049 BTC at $63,301 per BTC[6] - Total current assets stood at $705.4 million as of September 30, 2024[6] Operating Portfolio Expansion - Operating portfolio expanded to 726 MW, adding 423 MW in FY 2024[2] Expenses and Impairment - Cost of revenues (excluding depreciation and amortization) grew to $165,516K in 2024, up 76.9% from $93,580K in 2023[19] - Impairment expense for fixed assets surged to $197,041K in 2024, compared to $0 in 2023[19] - Depreciation and amortization expenses increased to $154,609K in 2024, up 28.1% from $120,728K in 2023[19] Shareholder Metrics - Weighted average common shares outstanding - basic expanded to 216,860,819 in 2024, a 111.2% increase from 102,707,509 in 2023[20]

Revenue grows 125% year over year Current hashrate surpasses 33.5 EH/s on track for 37 EH/sLAS VEGAS, Dec. 2, 2024 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK) (the "Company"), America's Bitcoin Miner®, today reported financial results for the fiscal year ended September 30, 2024."Our performance this year reflects a sustained growth trajectory, solidifying our position as one of the top Bitcoin miners in the world, as we move into an anticipated new bull market," said CleanSpark CEO Zach Bradford. "Refl ...

Wall Street expects Bitcoin miner CleanSpark Inc CLSK to report a loss of 18 cents per share and $88.65 million in revenues when it posts fourth-quarter earnings after market hours on Monday.The company’s stock is up 61.78% over the past year, and 46.43% over the past month.Let’s look at what the charts indicate for CleanSpark stock and how the stock currently maps against Wall Street estimates.Read Also: As Bitcoin Surges, Coinbase Exec Expects Swift Legislation Thanks To Trump And The ‘Most Pro-Crypto Con ...

LAS VEGAS, Nov. 29, 2024 /PRNewswire/ -- CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin Miner®, will discuss its fiscal full year 2024 financial results via a live webcast beginning at 4:30 p.m. EST/ 1:30 p.m. PST on Monday, December 2, 2024. Results will be released after the close of regular trading on December 2, 2024.Webcast Information: To view the webcast, please click here.Downloadable files, including transcripts, will be available on the company website 48 hours after the event.About CleanSparkC ...

CleanSpark (NASDAQ: CLSK ) is one of the many bitcoin miners that should have seen major appreciation in its stock value as Bitcoin almost reached a new high of $100,000. The stock price is up nearly 40% year to date; however, it has been tepid recentlyI am an environmental economist and a financial market enthusiast. My main investment interests include renewables, electric vehicles, software as a service, AI, and cryptocurrency. I enjoy investing in companies that are small or mid-caps with high potential ...

In the latest market close, CleanSpark (CLSK) reached $14.95, with a -0.99% movement compared to the previous day. This move lagged the S&P 500's daily gain of 0.3%. On the other hand, the Dow registered a gain of 0.99%, and the technology-centric Nasdaq increased by 0.27%.The the stock of company has risen by 32.57% in the past month, leading the Finance sector's gain of 4.87% and the S&P 500's gain of 2.1%.Analysts and investors alike will be keeping a close eye on the performance of CleanSpark in its upc ...

The latest trading session saw CleanSpark (CLSK) ending at $14.03, denoting a +0.36% adjustment from its last day's close. This change outpaced the S&P 500's 1.32% loss on the day. On the other hand, the Dow registered a loss of 0.7%, and the technology-centric Nasdaq decreased by 2.24%.The company's stock has climbed by 19.28% in the past month, exceeding the Finance sector's gain of 3.14% and the S&P 500's gain of 1.55%.The upcoming earnings release of CleanSpark will be of great interest to investors.Add ...

Seasoned investment professional with a strong foundation in financial markets. My approach is deeply rooted in bottom-up valuation, identifying opportunities at the fundamental level while factoring in macroeconomic trends. I leverage technical analysis to refine entry and exit points, ensuring precise timing in trade executions. My passion extends to portfolio management, with a focus on risk mitigation strategies. I specialize in utilizing options to hedge portfolios to maximize ROI during periods of mar ...

LAS VEGAS, Nov. 11, 2024 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK), America's Bitcoin Miner® (the "Company"), today announced that trading of the Company's common stock on Nasdaq has resumed at 10:15am EST on November 11, 2024. The previously imposed trading halt by Nasdaq was due to a clerical error relating solely to the outstanding warrants.About CleanSparkCleanSpark (Nasdaq: CLSK) is America's Bitcoin Miner®. We own and operate multiple data centers that primarily run on low-carbon power. Our infr ...

CleanSpark (CLSK) closed at $13.57 in the latest trading session, marking no change from the prior day. The stock's change was less than the S&P 500's daily gain of 0.38%. Meanwhile, the Dow gained 0.59%, and the Nasdaq, a tech-heavy index, added 0.09%.The company's shares have seen an increase of 56.7% over the last month, surpassing the Finance sector's gain of 5.26% and the S&P 500's gain of 4.9%.Investors will be eagerly watching for the performance of CleanSpark in its upcoming earnings disclosure.Addi ...