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Cleanspark (CLSK)
NASDAQ:CLSK
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Earnings Data
Report Date
Feb 06, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
$0.18Last Year’s EPS
$0.14Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Dec 02, 2024
|% Change Since: -23.28%
|Next Earnings Date:Feb 06, 2025
Earnings Call Sentiment|Neutral
CleanSpark demonstrated strong revenue growth and operational achievements despite challenges, including a net loss driven by non-cash impairments and decreased Bitcoin production. The company is well-positioned for future expansion with strategic acquisitions and a strong balance sheet.Company Guidance
During CleanSpark's Q3 2024 earnings call, the guidance provided was robust, highlighting significant growth metrics and strategic advancements. The company achieved a total revenue of $104 million for the quarter, marking a 129% increase from the previous year's third quarter. CleanSpark produced 1,583 Bitcoin, even amidst challenges following the Bitcoin halving event. The company also reported a gross margin of 57% and an industry-leading fleet efficiency of 22.3 joules per terahash. CleanSpark's operational hash rate exceeded the 20 exahash per second target, reaching 22.3 exahash per second, with plans to hit 32 exahash per second by the end of the year. Looking ahead to 2025, CleanSpark aims to achieve 50 exahash per second. The company also announced strategic infrastructure growth, including over 400 megawatts of potential expansion in Tennessee and Wyoming, supported by a $50 million line of credit from Coinbase.Record Revenue and Growth
CleanSpark reported $104 million in revenue for Q3 2024, marking a 129% increase over the prior year's fiscal third quarter results. This achievement signifies the company's successful growth in hash rate and appreciation of Bitcoin prices.
Increased Hash Rate and Operational Efficiency
The company grew its hash rate by 4 exahash per second and delivered on its commitment to achieve 20 exahash per second by the end of the quarter. CleanSpark reached 22.3 exahash per second, and the company's current fleet efficiency stands at an industry-leading 22.3 joules per terahash.
Strategic Acquisitions and Expansion Plans
CleanSpark announced an agreement to acquire additional exahash per second of new miners and plans to reach 32 exahash per second by the end of the year. The company is also pursuing M&A opportunities and expanding its footprint in states like Tennessee and Wyoming.
Strong Balance Sheet and Liquidity
CleanSpark reported total liquidity of $542 million as of June 30, with $129 million in cash and almost 6,600 Bitcoin. The company also announced a partnership with Coinbase for a $50 million line of credit.
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CLSK Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CLSK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Dec 02, 2024 | $14.52 | $13.95 | -3.93% |
| Aug 09, 2024 | $11.46 | $11.16 | -2.62% |
| May 09, 2024 | $16.37 | $16.59 | +1.34% |
| Feb 08, 2024 | $10.50 | $13.95 | +32.86% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Cleanspark (CLSK) report earnings?
Cleanspark (CLSK) is schdueled to report earning on Feb 06, 2025, TBA Not Confirmed.
What is Cleanspark (CLSK) earnings time?
Cleanspark (CLSK) earnings time is at Feb 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CLSK EPS forecast?
CLSK EPS forecast for the fiscal quarter 2025 (Q1) is $0.18.
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