For Q3 FY2024 ended June 30, 2024, CleanSpark reported revenue of $104.1 million, up 128.7% year-over-year. Net loss was $378.3 million, and operating loss was $345.7 million. Diluted EPS was $0.00.
•Revenue grew 128.7% YoY to $104.1 million.
•Net loss widened to $378.3 million.
•Operating loss was $345.7 million.
•Diluted EPS was $0.00.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
CleanSpark is a bitcoin mining company in the Americas. The company owns, leases, and operates data centers and power assets. Its infrastructure supports Bitcoin, a digital commodity. Incorporated in 1987 and headquartered in Henderson, Nevada, CleanSpark was formerly known as Stratean Inc. before rebranding in November 2016.
CleanSpark, Inc. is a bitcoin mining company operating in the Americas. The company owns, leases, and operates data centers and power assets that support the mining of Bitcoin, a digital commodity. CleanSpark focuses on using low-cost, clean energy sources to power its mining operations, aiming to be a sustainable player in the cryptocurrency mining industry. The company's infrastructure is designed to efficiently mine Bitcoin, and it may also provide hosting services for other miners. CleanSpark was originally incorporated in 1987 as Stratean Inc. and rebranded to its current name in November 2016. It is headquartered in Henderson, Nevada.
Where is CleanSpark (CLSK) listed and what currency is used?
CleanSpark, Inc. is listed on the Nasdaq Capital Market (NasdaqCM) under the ticker symbol CLSK. The trading currency for its shares is the US Dollar (USD). As a US-based company listed on a major American exchange, investors can buy and sell CLSK shares through most brokerage accounts. The NasdaqCM is a market tier of the Nasdaq Stock Market that lists smaller companies with lower market capitalizations, providing them with access to public capital markets.
What sector and industry does CleanSpark (CLSK) belong to?
CleanSpark, Inc. operates in the Financial Services sector and is classified under the Capital Markets industry. However, its primary business activity is bitcoin mining, which involves using specialized computers to solve complex mathematical problems to validate transactions on the Bitcoin blockchain and earn new bitcoins. While the sector classification reflects financial services, the company's operations are more closely aligned with cryptocurrency mining and digital asset infrastructure. This industry classification may be due to the company's historical background or the way it is categorized by data providers.
Where is CleanSpark (CLSK) headquartered and what is its history?
CleanSpark, Inc. is headquartered in Henderson, Nevada, United States. The company was originally incorporated in 1987 under the name Stratean Inc. It rebranded to CleanSpark in November 2016, shifting its focus to bitcoin mining and digital asset infrastructure. The company owns, leases, and operates data centers and power assets across the Americas, supporting the mining of Bitcoin. Its headquarters location in Nevada places it in a region with access to renewable energy sources, which aligns with its strategy of using clean energy for mining operations.
How does CleanSpark (CLSK) make money?
CleanSpark generates revenue primarily through bitcoin mining. The company operates data centers that run specialized mining hardware to solve cryptographic puzzles, earning Bitcoin as a reward. These bitcoins can be sold on cryptocurrency exchanges for fiat currency, such as US Dollars. Additionally, CleanSpark may earn income by hosting third-party mining equipment in its facilities, charging fees for power and operational services. The company also focuses on optimizing its energy costs by utilizing low-cost, clean energy sources, which helps improve profit margins. As a bitcoin mining company, its financial performance is closely tied to the price of Bitcoin and the efficiency of its mining operations.