CleanSpark

CleanSpark, Inc. is a Bitcoin mining and energy technology company, which engages in the provision of solutions to modern energy challenge and an advanced energy software and control technology. The company was founded by S. Matthew Schultz on October 15, 1987 and is headquartered in Henderson, NV.

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CleanSpark reports record bitcoin production but faces net loss

CleanSpark demonstrated strong bitcoin production growth but faced a net loss due to market conditions. The company's focus on proprietary mining, energy management, and efficiency positions it well for future growth. By exploring strategic expansion, technology adoption, and potential acquisitions, CleanSpark aims to enhance its competitive edge.

CleanSpark reports strong Q2 earnings, poised for growth and efficiency

CleanSpark's Q2 2023 earnings call showcased robust financial performance, operational advancements, and strategic positioning for growth in the cryptocurrency mining sector.
While facing challenges in sustaining growth momentum and managing operational complexities, the company's strong balance sheet and focus on efficiency offer a solid foundation.
Opportunities lie in expanding hash rate capacity, optimizing infrastructure, and leveraging financial strength for strategic initiatives and market diversification.
Overall, CleanSpark's performance, strengths, and proactive approach to challenges position them well to capitalize on opportunities and navigate the evolving cryptocurrency landscape.

CleanSpark excels in Q3 with strong revenue growth and Bitcoin strategy

CleanSpark's Q3 performance reflects strong revenue growth, improved margins, and enhanced EBITDA, driven by strategic Bitcoin management and operational efficiency.
The company's strengths lie in its financial stability, mining capacity expansion, and commitment to innovation through data center expansions and immersion cooling technology.
While facing challenges in risk management, efficiency optimization, and regulatory uncertainties, CleanSpark is well-positioned to leverage opportunities in market dynamics and technology advancements.

CleanSpark reports record revenue and efficiency gains, eyes strategic growth

CleanSpark's strong financial performance, strategic acquisitions, and focus on efficiency position them well for future growth and expansion.
Challenges lie in improving energy efficiency, executing expansion plans, and navigating potential mergers and acquisitions.
Opportunities abound in enhancing efficiency, exploring M&A for market value maximization, and expanding mining capacity to reach targets.

CleanSpark reports stellar Q1 results, eyes Bitcoin halving opportunities

CleanSpark delivered impressive financial performance, operational achievements, and strategic initiatives in Q1 2024, reflecting strong growth momentum
The company's strengths lie in its robust financial position, operational resilience, and technological capabilities, positioning it well for future success
While facing challenges such as post-halving price impact and market uncertainties, CleanSpark can leverage opportunities in Bitcoin adoption and mining industry growth for sustained growth

CleanSpark achieves record revenue and EBITDA, poised for growth

CleanSpark's Q2 2024 performance reflects robust growth in revenue and EBITDA, driven by bitcoin production and strategic initiatives. The company's strong financial position, expansion into Wyoming, and M&A strategy position it well for future growth and industry consolidation.

CleanSpark exceeds $100M revenue, strengthens mining capabilities with acquisitions

CleanSpark delivered strong financial performance in Q3 2024, surpassing $100 million in revenue and showcasing operational efficiency and market leadership.
While facing a net loss driven by non-cash items, the company's balance sheet remains robust, supported by a significant Bitcoin holding and strategic partnerships.
To sustain profitability, CleanSpark needs to address challenges related to the net loss and focus on optimizing operational costs and mining efficiency while capitalizing on growth opportunities.

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CleanSpark, Inc. is a bitcoin mining technology company, which engages in the management of data centers. Its operations include College Park, Norcross, Washington, Sandersville, Dalton, and Massena. The company was founded by S. Matthew Schultz and Bryan Huber on October 15, 1987 and is headquartered in Henderson, NV.

Initial batch of 12 EH/s, or 60,000 units, expected to ship next quarter Agreement includes strategic call option to purchase 100,000 S21s at a fixed price of $16 per terahash Company is positioned to expand into the next bull market, while continuing to secure ASICs at fixed prices well into the next cycle LAS VEGAS , Jan. 8, 2024 /PRNewswire/ -- CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin Miner™, today announced the purchase of up to 160,000 Bitmain S21 miners, or the equivalent of 32 exahashes per second (EH/s). "We are ready to expand into the next bull market," said Zach Bradford, CEO.

CleanSpark Announces Strategic Agreement for up to 160,000 Bitmain S21 Miners, Path to 50 EH/s

The Company mined 7,391 bitcoins in 2023, a 60% increase over 2022, while bitcoin holdings grew over 1,200% to 3,002 BTC valued at approximately $135M USD For December, the Company mined a record 720 bitcoins LAS VEGAS , Jan. 3, 2024 /PRNewswire/ -- CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin Miner™, today released its unaudited Bitcoin (or "BTC") mining and operations update for the month ending December 31, 2023. Bitcoin holdings grew over 1,200% to 3,002 BTC valued at approximately $135M USD "This was a transformative year for CleanSpark," said Zach Bradford, CEO.

CleanSpark Releases December 2023 Bitcoin Mining Update

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In the latest trading session, CleanSpark (CLSK) closed at $10.49, marking a +0.58% move from the previous day.

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CleanSpark, Inc. (NASDAQ:CLSK ) Q4 2023 Earnings Conference Call November 30, 2023 4:30 PM ET Company Participants Isaac Holyoak - Chief Communications Officer Zach Bradford - Chief Executive Officer Gary Vecchiarelli - Chief Financial Officer Conference Call Participants Michael Colonnese - H.C. Wainwright Joshua Siegler - Cantor Fitzgerald Gregory Lewis - BTIG Brian Dobson - Chardan Capital Markets Operator Good afternoon.

CleanSpark, Inc. (CLSK) Q4 2023 Earnings Call Transcript

The Company mined 666 bitcoin in November, a 24% increase over the same period last year LAS VEGAS , Dec. 1, 2023 /PRNewswire/ -- CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin Miner™, today released its unaudited Bitcoin (or "BTC") mining and operations update for the month ending November 30, 2023. "We achieved our second-highest monthly bitcoin production despite increased difficulty and without using more energy," said Zach Bradford, CEO.

CleanSpark Releases November 2023 Bitcoin Mining Update

Revenue grows 28% year over year; annual bitcoin production nearly doubles to 6,903 FY2023 Revenue of $168 million, net loss of $(137) million and Adjusted EBITDA of $25 million Reports current cash and bitcoin holdings of approximately $168 million LAS VEGAS , Nov. 30, 2023 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK) (the "Company"), America's Bitcoin Miner™, today reported financial results for its fiscal year ended September 30, 2023. "This past fiscal year has been one of substantial growth and success for CleanSpark," said Zach Bradford, CEO.

CleanSpark Reports Fiscal Year 2023 Financial Results

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CleanSpark (CLSK) concluded the recent trading session at $5.58, signifying no movement from its prior day's close.

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LAS VEGAS , Nov. 27, 2023 /PRNewswire/ -- CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin Miner™, will discuss its fiscal year 2023 financial results via a live webcast beginning at 4:30 p.m. EST / 1:30 p.m.

CleanSpark Executives to Discuss Fiscal Full Year 2023 Financial Results Via Webcast

In the latest trading session, CleanSpark (CLSK) closed at $3.81, marking a +1.87% move from the previous day.

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The Company mined 633 bitcoin in October and increased its bitcoin holdings to 2,311 Hashrate surpassed 10 exahashes per second (EH/s), with nearly 89,000 miners operational LAS VEGAS , Nov. 2, 2023 /PRNewswire/ -- CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin Miner™, today released its unaudited Bitcoin (or "BTC") mining and operations update for the month ending October 31, 2023. CleanSpark mined 633 bitcoin in October and increased its bitcoin holdings to 2,311.

CleanSpark Releases October 2023 Bitcoin Mining Update

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In the latest trading session, CleanSpark (CLSK) closed at $4.09, marking a -1.45% move from the previous day.

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Software optimizations continue to drive strong efficiency gains; fleet wide efficiency now estimated at 27.8 joules per terahash (J/TH) LAS VEGAS , Oct. 27, 2023 /PRNewswire/ -- CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin Miner™, today announced it has surpassed a total hashrate of 10 exahashes per second (EH/s), reaching a milestone that few publicly traded bitcoin mining companies have ever achieved. Software optimizations continue to drive gains; fleet wide efficiency now estimated at 27.8 joules per terahash (J/TH) CleanSpark is one of the most efficient and fastest-growing publicly traded bitcoin miners in North America.

CleanSpark Reaches Rare Bitcoin Mining Milestone at 10 EH/s

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