$CLSK (+0.44%)
- Revenue: $181.7M, +62.5% YoY
- Net loss: ($138.8M) vs $126.7M in Q2 2024
- Bitcoin production: 1,957, +24% YoY
CEO Zach Bradford: "CleanSpark has doubled down on being the only remaining pure-play, public bitcoin miner."
CFO Gary Vecchiarelli: "We maintain one of the most efficient cost structures in the industry."
🌱Revenue & Growth
- Bitcoin mining revenue: $181.7M, +62.5% YoY
- Average revenue per bitcoin: $92,811, +38% YoY
- Operational hashrate: 45 EH/s, +165% YoY
💰Profits & Health
- Gross margin: 53%, vs 69% in Q2 2024
- Adjusted EBITDA: ($57.8M) vs $181.8M in Q2 2024
- Working capital: $838.2M, +124% YoY
- Total assets: $2.7B, +75% YoY
- Total stockholders’ equity: $1.9B, +123% YoY
📌Business Highlights
- Expanded revolving line with Coinbase
- Progress in Digital Asset Management group
- Maintained low all-in energy cost: $36,200 per bitcoin
- Acquired GRIID Infrastructure Inc.
- Fleet efficiency improved to 16.15 J/Th
🔮Future Outlook
- Target 50 EH/s by Jun 30, 2025
- Expand operations in Wyoming, Tennessee, Georgia
- Optimize bitcoin treasury for non-dilutive financing
- Focus on scale, capital efficiency, stockholder value
