Financial PerformanceRevenues increased by 82% driven by higher average BTC prices and a significant increase in BTC production.
Operational EfficiencyCleanSpark achieved a 42% increase in deployed hash rate, a 20% improvement in fleet efficiency, and a 6% reduction in direct production costs per coin.
ValuationThe company is trading at the largest discount in its peer group on an enterprise value to EBITDA basis, suggesting potential for valuation improvement.