CleanSpark, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended March 31, 2024
May 09, 2024 at 06:41 pm IST
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CleanSpark, Inc. reported earnings results for the second quarter and six months ended March 31, 2024. For the second quarter, the company reported revenue was USD 111.8 million compared to USD 42.55 million a year ago. Net income was USD 126.74 million compared to net loss of USD 18.46 million a year ago. Basic earnings per share from continuing operations was USD 0.59 compared to basic loss per share from continuing operations of USD 0.23 a year ago. Diluted earnings per share from continuing operations was USD 0.58 compared to diluted loss per share from continuing operations of USD 0.23 a year ago.
For the six months, revenue was USD 185.59 million compared to USD 70.37 million a year ago. Net income was USD 152.64 million compared to net loss of USD 47.49 million a year ago. Basic earnings per share from continuing operations was USD 0.77 compared to basic loss per share from continuing operations of USD 0.66 a year ago. Diluted earnings per share from continuing operations was USD 0.76 compared to diluted loss per share from continuing operations of USD 0.66 a year ago.
CleanSpark, Inc. is a bitcoin mining company. The Company independently owns and operates approximately eight data centers in Georgia for a total developed capacity of 230 megawatts (MW). The Company is engaged in developing an additional 150 MW at its data center in Sandersville, Georgia. It does not host miners for any other companies, and has a partner in Massena, New York, who hosts approximately 50 MW for the Company. It operates around bitcoin mining machines, with a hash rate capacity of approximately 15 Exa hashes per second (EH/s) and a fleetwide efficiency of 28.4 joules per tera hash (J/TH). The Company's subsidiaries include ATL Data Centers LLC, CleanBlok, Inc., CleanSpark DW, LLC, CleanSpark GLP, LLC, CSRE Properties Norcross, LLC, CSRE Property Management Company, LLC, CSRE Properties, LLC, CSRE Properties Washington, LLC, CSRE Properties Dalton, LLC, and CleanSpark HQ, LLC.
CLEANSPARK, INC. 
