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CleanSpark Inc. (Nasdaq: CLSK) is a leading Bitcoin mining company powering operations through sustainable energy solutions. This page provides investors and stakeholders with centralized access to official announcements, financial disclosures, and strategic developments.
Track CLSK's operational milestones including mining capacity expansions, energy efficiency improvements, and sustainability initiatives. Stay informed through verified updates on quarterly earnings, technology deployments, and regulatory compliance matters relevant to cryptocurrency mining operations.
Key content includes facility expansions, hashrate achievements, energy partnerships, and market positioning updates. All materials are sourced directly from company communications to ensure accuracy and timeliness.
Bookmark this page for streamlined access to CleanSpark's evolving role in sustainable Bitcoin mining. Check regularly for updates on operational efficiency benchmarks and strategic responses to cryptocurrency market dynamics.
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CleanSpark, Inc. (Nasdaq: CLSK) reported a strong financial performance for the first quarter of FY2024, with a revenue of $73.8 million, net income of $25.9 million, and adjusted EBITDA of $69.1 million. The company's revenue grew by an impressive 165% year over year, and it surpassed its current hashrate to over 12.5 EH/s. The CEO emphasized the company's strategic acquisitions, operational efficiency, and commitment to smart growth, positioning them as leaders in the bitcoin mining industry. The CFO highlighted the company's exponential growth, liquidity, and balance sheet strength, preparing them to thrive in the future. The balance sheet showcased strong financials, with $181.7 million in current assets, $484.0 million in total mining assets, and $810.6 million in total stockholders' equity. The company will hold an investor conference call and webcast to discuss the earnings presentation and business update.
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CleanSpark Inc. (Nasdaq: CLSK) has announced the acquisition of three turnkey bitcoin mining facilities in Mississippi and the expansion of its Dalton facilities, expected to generate a total operating hashrate of 2.4 EH/s. The company also plans to acquire a third mining facility in Dalton and is set to exceed 20 EH/s in the first half of 2024. The acquisitions are expected to be funded with cash on hand.
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CleanSpark Inc. (Nasdaq: CLSK) announces the expansion of their Dalton, GA site, expected to operate at 1.6 EH/s once complete. The company also released an unaudited bitcoin mining and operations update for January 2024, with details on bitcoin mined, holdings, sales, and operational updates for Sandersville and Dalton expansions.
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CleanSpark Inc. (Nasdaq: CLSK) will discuss its fiscal first quarter 2024 financial results via a live webcast on February 8, 2024. Results will be released after the close of regular trading. Downloadable files, including transcripts, will be available on the company website 48 hours after the event.
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CleanSpark Inc. (CLSK) announced the purchase of up to 160,000 Bitmain S21 miners, positioning the company to expand into the next bull market. The agreement includes a strategic call option to purchase an additional 100,000 machines at a fixed price of $16.00 per terahash until the end of the calendar year. Delivery of the initial 60,000 units is expected between April and June 2024, with the potential to increase CleanSpark's hashrate to approximately 50 EH/s, a 400% increase from its current hashrate of 10 EH/s.
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CleanSpark Inc. (CLSK) mined 7,391 bitcoins in 2023, a 60% increase over 2022. Bitcoin holdings grew over 1,200% to 3,002 BTC valued at approximately $135M USD. The company also achieved a record 720 bitcoins mined in December. CEO Zach Bradford expressed pride in the company's accomplishments and highlighted the completion of building structures for the Sandersville expansion.
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CleanSpark Inc. (CLSK) mined 666 bitcoin in November, marking a 24% increase from the same period last year. The company also reported an improved efficiency of 26.4 J/Th and a significant increase in production from fees, indicating potential growth in revenue. Operational uptime reached an exceptional 99.98%, showcasing the team's dedication and skill.
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CleanSpark, Inc. (Nasdaq: CLSK) reports a 28% year-over-year revenue growth, with annual bitcoin production nearly doubling to 6,903. The FY2023 revenue stands at $168 million, with a net loss of $(137) million and Adjusted EBITDA of $25 million. The company also reports current cash and bitcoin holdings of approximately $168 million.
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CleanSpark Inc. (CLSK) will discuss its fiscal year 2023 financial results via a live webcast on November 30, 2023. Results will be released after the close of regular trading, with downloadable files available on the company website 48 hours after the event.
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CleanSpark Inc. mined 633 bitcoin in October, increasing its bitcoin holdings to 2,311. The company achieved a hashrate of 10 exahashes per second (EH/s) with nearly 89,000 operational miners. CleanSpark's fleet-wide efficiency is estimated at 27.32 J/Th, and they expect to further improve efficiency with new machines. They sold 562 BTC in October for approximately $16 million.
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