CLEANSPARK, INC.CLSKEarnings & Financial Report
CleanSpark, Inc. is a U.S.-headquartered sustainable technology company operating two core business segments: low-carbon Bitcoin mining powered primarily by renewable and stranded energy resources, and end-to-end microgrid design, deployment, and operation services for commercial, industrial, and public sector clients across North America.
Revenue
$42.5M
Gross Profit
$20.5M
Operating Profit
$-17.5M
Net Profit
$-18.5M
Gross Margin
48.1%
Operating Margin
-41.1%
Net Margin
-43.4%
YoY Growth
14.4%
CLEANSPARK, INC. Q2 FY2023 Financial Summary
CLEANSPARK, INC. reported revenue of $42.5M (up 14.4% YoY) for Q2 FY2023, with a net profit of $-18.5M (down 10695.3% YoY) (-43.4% margin). Cost of goods sold was $22.1M, operating expenses totaled $38.0M.
Key Financial Metrics
| Total Revenue | $42.5M |
|---|---|
| Net Profit | $-18.5M |
| Gross Margin | 48.1% |
| Operating Margin | -41.1% |
| Report Period | Q2 FY2023 |
CLEANSPARK, INC. Annual Revenue by Year
CLEANSPARK, INC. annual revenue history includes year-by-year totals (for example, 2024 revenue was $379.0M).
| Year | Annual Revenue |
|---|---|
| 2024 | $379.0M |
| 2023 | $168.4M |
| 2022 | $131.5M |
CLEANSPARK, INC. Quarterly Revenue & Net Profit History
CLEANSPARK, INC. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $181.2M | +11.6% | $-378.7M | -209.0% |
| Q4 FY2024 | $89.3M | +70.0% | $-62.2M | -69.6% |
| Q3 FY2024 | $104.1M | +128.7% | $-236.2M | -226.9% |
| Q2 FY2024 | $111.8M | +162.8% | $126.7M | 113.4% |
| Q1 FY2024 | $73.8M | +165.2% | $25.9M | 35.1% |
| Q4 FY2023 | $52.5M | +100.7% | $-76.4M | -145.5% |
| Q3 FY2023 | $45.5M | +46.7% | $-14.2M | -31.2% |
| Q2 FY2023 | $42.5M | +14.4% | $-18.5M | -43.4% |
Income Statement
| Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $42.5M | $45.5M | $52.5M | $73.8M | $111.8M | $104.1M | $89.3M | $181.2M |
| YoY Growth | 14.4% | 46.7% | 100.7% | 165.2% | 162.8% | 128.7% | 70.0% | 11.6% |
Balance Sheet
| Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $531.6M | $652.8M | $761.6M | $862.7M | $1.54B | $1.48B | $1.96B | $3.33B |
| Liabilities | $57.7M | $49.2M | $85.9M | $52.2M | $74.4M | $73.4M | $201.8M | $1.94B |
| Equity | $473.9M | $603.6M | $675.7M | $809.0M | $1.46B | $1.40B | $1.76B | $1.38B |
Cash Flow
| Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $6.8M | $5.8M | $-34.9M | $-47.7M | $-44.8M | $-58.4M | $-233.7M | $-161.1M |