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Cleanspark (CLSK)
NASDAQ:CLSK
Earnings Data
Report Date
May 07, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.09Last Year’s EPS
0.58Same Quarter Last Year
Strong Buy
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 06, 2025
|% Change Since: -4.72%
|Next Earnings Date:May 07, 2025
Earnings Call Sentiment|Positive
The earnings call for CleanSpark's first fiscal quarter of 2025 reflects a strong financial performance with significant revenue and income growth, improved operational efficiency, and strategic funding secured for expansion. Despite minor challenges with power costs and temporary uptime decreases, the overall outlook remains positive with strategic initiatives in place for future growth.Company Guidance
During CleanSpark's fiscal year first quarter 2025 earnings call, the company reported substantial growth and outlined its strategic plans. They achieved a revenue of $162.3 million, marking a 120% increase compared to the same period last year, and a net income of $246.8 million. Their adjusted EBITDA reached $321.6 million, setting a new industry benchmark. CleanSpark highlighted its strategic positioning as a vertically integrated Bitcoin mining company, which has led to its status as the largest Bitcoin producer in the U.S. The company closed the quarter with a total Bitcoin treasury of 9,952, increasing to 10,556 by the end of January 2025. They also secured a $650 million convertible bond to fund their growth plans and aim to reach 50 exahash by mid-2025, emphasizing that this expansion is fully funded without relying on equity. The average price of Bitcoin during the quarter was over $83,000, peaking at $108,000, with a marginal cost per Bitcoin of approximately $34,000. CleanSpark's fleet efficiency improved, and they plan to continue expanding their operations in energy-abundant states like Georgia, Wyoming, and Tennessee.Record Revenue Growth
First quarter revenue was $162.3 million, representing 120% growth compared to the same period last year.
Strong Net Income and EBITDA
Net income of $246.8 million and adjusted EBITDA grew to $321.6 million, setting a new benchmark for the industry.
Improved Fleet Efficiency
Fleet efficiency improved from 21.94 joules per terahash to 17.59 joules per terahash, a 20% improvement from the previous quarter.
Successful Convertible Bond Issuance
Secured a $650 million convertible bond, fully funding the path to 50 exahash without relying on equity.
Bitcoin Holdings Growth
Total Bitcoin in treasury stood at 9,952 at the end of the quarter and reached 10,556 by the end of January.
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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 |
|---|---|---|---|
| Feb 06, 2025 | $10.38 | $11.33 | +9.15% |
| 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% |
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 May 07, 2025, TBA Not Confirmed.
What is Cleanspark (CLSK) earnings time?
Cleanspark (CLSK) earnings time is at May 07, 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 (Q2) is 0.09.
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