11/7/2023 0 Comments Clean spark earnings![]() ![]() Our management does not consider adjusted EBITDA to be a substitute for, or superior to, the information provided by GAAP financial results. The Company's adjusted EBITDA is not a measurement of financial performance under GAAP and should not be considered as an alternative to operating income or as an indication of operating performance or any other measure of performance derived in accordance with GAAP. The Company's adjusted EBITDA measure may not provide information that is directly comparable to that provided by other companies in its industry, as other companies in its industry may calculate non-GAAP financial results differently, particularly related to non-recurring, unusual items. Because of varying available valuation methodologies, subjective assumptions and the variety of equity instruments that can impact a company's non-cash operating expenses, CleanSpark management believes that providing a non-GAAP financial measure that excludes non-cash and non-recurring expenses allows for meaningful comparisons between the Company's core business operating results and those of other companies, as well as providing the Company with an important tool for financial and operational decision making and for evaluating its own core business operating results over different periods of time. ![]() Īdjusted EBITDA and Adjusted EPS is not a measurement of financial performance under generally accepted accounting principles in the United States (“GAAP”). For more information about the Company, please visit the Company's website at. ![]() Quarter-over-quarter increase in revenue of nearly 1300%.Įxponential hashrate increase of zero to 1.3 EH/s in under a year.ĬleanSpark, Inc., a Nevada corporation, is a sustainable bitcoin mining and energy technology company that is solving modern energy challenges. Substantial real estate and energy acquisitions, including Norcross, GA, data center (20MW) and College Park, GA, data center (45MW+). Operational Highlights – Year ended September 30, 2021 Total deposits for future mining equipment: $88.0 million Revenues for the three months ended September 30, 2021, were $27.1 million, an increase of $25.15 million, or nearly 1300%, from $1.95 million for the same prior year period.īalance Sheet Highlights as of September 30, 2021īook Value of Digital Currency: $23.6 million, or 627 bitcoins (fair market value $27.5 million) Net loss for the 12 months ended Septemwas ($21.8) million, or ($0.75) loss per share, compared to a loss of ($23.3) million, or ($2.44) loss per share, for the same prior year period, an improvement of $1.70 per share.Īdjusted EBITDA, a non-GAAP term, for the year ended Septemwas $9.0 million, or $0.31 gain per share, compared to ($10.2) million, or ($1.07) loss per share, for the same prior year period. ![]() Revenues for the year ended Septemwere $49.4 million, an increase of $39.4 million, or 400%, from $10.0 million for the same prior year period. A live version of the call is available at: A recording and transcript of the call will be available shortly thereafter on the company’s website. The Company’s Annual Report on Form 10-K and accompanying financial statements are available at and the Company website at Īs previously announced, the Company is holding its annual earnings call today at 2 p.m. (Nasdaq: CLSK) (the “Company”), a sustainable bitcoin mining and energy technology company today reported financial results for its fourth quarter and 2021 fiscal year. 14, 2021 (GLOBE NEWSWIRE) - CleanSpark, Inc. Twelve-month revenue increased nearly 400% to $49.4 million from one year ago period ![]()
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