![]() The webcast will be accessible for at least 30 days on the Company's website and a transcript of the call will be available on the Company's website following the call.ĬleanSpark (NASDAQ: CLSK) is America’s Bitcoin Miner. The Company will hold its fourth quarter and year end 2022 earnings presentation and business update for investors and analysts today, December 14, 2022, at 1:30p.m. For this reason, CleanSpark’s management team is revising 2023 calendar year-end guidance to 16 EH/s. Expected completion dates have been pushed into late 2023 and, based on current market conditions, perhaps even later. Lancium informed CleanSpark that capital constraints have affected their ability to meet their commitments. As part of the agreement, Lancium agreed to build clean campuses in west Texas to host 200 MW, or about 6.6 EH/s. Earlier this year, the Company announced a partnership with Lancium. Management will discuss plans for 2023, including a revision to its calendar 2023 year-end guidance, on its conference call today. The Company had working capital of $16.8 million and $21.2 million of debt as of September 30, 2022. ![]() Total Stockholders' Equity: $404.0 million ![]() We have four impressive sites that we own 100% with no partners and little debt, which resulted in mining 3,750 bitcoins, a 320% increase in production for the fiscal year.”įinancial Results for the Fiscal Year Ended September 30, 2022 Our rapid growth has continued subsequent to our fiscal year end as we approach 6.0 EH/s, exceeding our calendar year end guidance once again. Even then, our adjusted EBITDA was $65.7M, a 500% increase over the prior year, which represents the power and scale of our business model. The majority of these fourth quarter losses were primarily due to impairment of goodwill and bitcoin balances, as well as non-cash charges due to modification of equity instruments. However, we recognized a net loss of $57.3M for the year, of which $42.3M occurred in the fourth quarter. “Our revenue for fiscal year 2022, which ended on September 30, was $131.5M, almost a 250% increase over the prior year. “This is a world class team that has doubled, tripled and even quadrupled multiple key performance indicators this fiscal year,” said Gary A. ![]() This team continues to exceed my expectations and I’m so proud of them.” We continue to execute our business plans with best-in-class efficient mining operations and by identifying potential accretive acquisitions while maintaining very little leverage on our balance sheet. “Despite macro headwinds in the economy and bitcoin mining industry, our infrastructure first approach and financial discipline have allowed us to grow in this bear market. “Our business model and capital strategy continue to be standouts in our industry,” said Zach Bradford, CEO. (Nasdaq: CLSK) (the "Company"), America's Bitcoin Miner, today reported financial results for the three and twelve months ended September 30, 2022. Q4 revenue of $26.2 million, net loss of $(42.3) million and Adjusted EBITDA of $2.9 millionĬurrent hashrate surpasses 5.8 EH/s and daily mining high reaches 21.7 BTC ESTĬleanSpark Reports Fourth Quarter and Year End FY2022 Financial ResultsĢ022 Revenue of $131.5 million, net loss of $(57.3) million and Adjusted EBITDA of $65.7 million To be filed: Tuesday, December 14, 1:00 p.m.
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