$CLSK (-0,41 %)

- 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

I’m disappointed in the bitcoin miners. They have underperformed. They were supposed to act as a leverage play on bitcoin, but that hasn’t happened over the past year.

I’m planning to sell them and move the money into dividend stocks instead.

I already have a large crypto position, so I can afford to let go of the miners.

$RIOT (-0,66 %)
$MARA (-0,06 %)
$CLSK (-0,41 %)
$HUT (-0,4 %)

#investeren
#beleggen
#crypto
#aandelen
#stocks
#bitcoin

youtube channel Meneer Vermogen

Hello!

In times like these, it seems interesting to me to talk about the best choices, those that make us reach for our grandma's savings account to buy and take advantage. What are your 5 best stocks right now? These are my choices:$IONQ
$MU (+1,09 %)
$CLSK (-0,41 %)
$QBTS (+1,47 %)
$AMD (+0,35 %)

$CLSK (-0,41 %)

- Revenue: $162.3M, +120% YoY

- Net Income: $246.8M vs $25.9M YoY

- Adjusted EBITDA: $321.6M vs $69.1M YoY

CEO Zach Bradford: "We exceeded 2024 guidance and surpassed 40 EH/s in January, while driving fleet efficiency down to 16.15 J/Th. CleanSpark delivered $162.3 million in revenue at a marginal cost to mine of approximately $34,000 per bitcoin for the quarter."

CFO Gary Vecchiarelli: "We overcame virtually all of the halving impact on the bitcoin block subsidy while growing our current bitcoin treasury to over 10,500 – 100% of which was entirely self-mined by CleanSpark and exclusively in the USA."

🌱Revenue & Growth

- Bitcoin Mining Revenue: $162.3M, +120% YoY from $73.8M

- Bitcoin Treasury: Over 10,500 BTC, all self-mined in USA

- Operating Hashrate: Exceeded 40 EH/s in January

- Fleet Efficiency: Improved to 16.15 J/Th

💰Profits & Financials

- Gross Margin: 57%

- Total Assets: $2.8B

- Cash: $276.6M

- Bitcoin Holdings Value: $929.1M

- Total Liquidity: $1.2B

- Long-term Debt: $641.4M

📌Business Highlights

- Closed $650M convertible bond offering

- Concluded at-the-market offering program

- Marginal cost per bitcoin decreased 6% to ~$34,000 at owned facilities

🔮Future Outlook

- Targeting 50 EH/s in first half of 2025

- Planning expansion in Wyoming, Tennessee, and Georgia

- Replicating regional expansion strategy developed in Georgia nationally

#CleanSpark, Inc. FY2024 #EarningsReport Summary | $CLSK (-0,41 %)

In FY2024, CleanSpark achieved record-breaking results, leveraging a counter-cyclical growth strategy and operational excellence to outpace Bitcoin halving and network difficulty increases. Strategic expansion in infrastructure and efficiency improvements contributed to substantial financial and operational progress.

📊 Income Statement Highlights (vs. FY2023):

▫️Total Revenue: $378.97M vs. $168.41M (+125.00%)

▫️Net Loss: ($145.78M) vs. ($138.15M)

▫️Loss per Share (Basic): ($0.69) vs. ($1.30) (+46.92%)

▫️Adjusted EBITDA: $245.85M vs. $25.03M (+882.92%)

▫️Bitcoin Production: 7,100 BTC (+~30% YoY).

📈 Operational Metrics:

▫️Current hashrate: 33.5 EH/s, targeting 37 EH/s by end of 2024 and 50 EH/s in 2025.

▫️Energy portfolio expanded to 726 MW (+423 MW YoY).

💼 Balance Sheet Highlights (as of September 30, 2024, vs. FY2023):

▫️Cash and Equivalents: $122.22M vs. $29.22M (+318.22%)

▫️Bitcoin Holdings: $509.49M vs. $56.24M (+806.14%)

▫️Total Assets: $1.96B vs. $761.58M (+157.60%)

▫️Total Liabilities: $201.82M vs. $85.91M (+134.82%)

▫️Stockholders' Equity: $1.76B vs. $675.67M (+160.66%).

🔮 Future Outlook:

CleanSpark anticipates further growth in mining capacity, aiming to achieve a hashrate of 50 EH/s by 2025. The company plans to capitalize on scale efficiencies and favorable energy markets to maximize profitability while managing risks associated with Bitcoin price volatility and regulatory changes.