C
CLEANSPARK, INC.
Period
FY 2025
Revenue
$766.31M
Net Income
$364.46M
Total Assets
$3.18B
Equity
$2.18B
Shares Out
256.61M
Op. Cash Flow
$-461.03M
Business
CleanSpark, Inc. is a data center developer and operator primarily focused on bitcoin mining, with expanding operations in AI and high-performance computing (HPC) hosting. The company owns, leases and operates data centers across the United States in Georgia, Tennessee, Mississippi, and Wyoming, with contracted power capacity of approximately 1,027 megawatts. CleanSpark mines bitcoin by contributing computing power to a mining pool, earning bitcoin rewards, and is diversifying into AI and HPC data center services for hyperscale cloud providers and enterprise customers.
Summary from 10-K filed 2025-11-25
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-09-30 | FY 2024 2024-09-30 | FY 2023 2023-09-30 | FY 2022 2022-09-30 | FY 2021 2021-09-30 |
|---|---|---|---|---|---|---|
| Bitcoin mining revenue, net | 766 | 379 | 168 | 131 | 39 | |
| Other services revenue | 0 | 0 | 287,000 | 525,000 | 440,472 | |
| Total revenues, net | 766 | 379 | 168 | 132 | 39 | |
| Cost of revenues (exclusive of depreciation and amortization shown below) | 343 | 166 | 94 | 41 | 5 | |
| Professional fees | 14 | 14 | 11 | 6 | 7 | |
| Payroll expenses | 104 | 74 | 46 | 41 | — | |
| General and administrative expenses | 53 | 30 | 21 | 10 | 6 | |
| (Gain) loss on disposal of assets | −336,000 | 5 | 2 | −643,000 | 0 | |
| Gain on fair value of bitcoin, net | −426 | −113 | 0 | 0 | — | |
| Depreciation and amortization | 348 | 155 | 121 | 49 | 9 | |
| Indirect tax contingency expenses | 11 | 0 | 0 | — | — | |
| Impairment expense - bitcoin | 0 | 0 | 7 | 12 | 7 | |
| Impairment expense - fixed assets | 0 | 197 | 0 | 0 | — | |
| Impairment expense - other | 0 | 716,000 | 0 | 250,000 | 0 | |
| Realized gain on sale of bitcoin | 0 | 0 | −1 | −3 | −3 | |
| Total costs and expenses | 447 | 528 | 299 | 169 | 51 | |
| Income (loss) from operations | 319 | −149 | −131 | −38 | −12 | |
| Gain on fair value of contingent consideration | 0 | 0 | 2 | 306,000 | 84,198 | |
| Gain on bitcoin collateral | 92 | 1 | 0 | — | — | |
| Loss on derivative securities, net | −2 | −965,000 | −259,000 | −2 | 3 | |
| Interest income | 4 | 9 | 481,000 | 190,000 | 221,488 | |
| Interest expense | −11 | −2 | −3 | −1 | −145,728 | |
| Other Income | 1 | 0 | 11,000 | 308,000 | 544,777 | |
| Total other income (expense) | 85 | 7 | −260,000 | −2 | 4 | |
| Income (loss) before income tax expense (benefit) | 404 | −142 | −131 | −40 | −8 | |
| Income tax expense | 39 | 3 | 2 | 0 | — | |
| Income (loss) from operations | 364 | −146 | −134 | −40 | −8 | |
| (Loss) from discontinued operations | 0 | 0 | −4 | −17 | −14 | |
| Net income (loss) | 364 | −146 | −138 | −57 | −22 | |
| Preferred stock dividends | 11 | 3 | 0 | 336,000 | — | |
| Net income (loss) attributable to common shareholders | 353 | −149 | −138 | −58 | −22 | |
| Other comprehensive (loss) income, net of tax | −418,000 | 192,000 | 116,000 | 115,000 | — | |
| Total comprehensive income (loss) attributable to common shareholders | 353 | −149 | −138 | −58 | −22 | |
| Income (loss) from continuing operations per common share - basic | 1.25 | −0.69 | −1.3 | −0.95 | −0.29 | |
| Weighted average common shares outstanding - Basic | 282 | 217 | 103 | 43 | 29 | |
| Income (loss) from continuing operations per common share - diluted | 1.12 | −0.69 | −1.3 | −0.95 | −0.29 | |
| Weighted average common shares outstanding - Diluted | 318 | 217 | 103 | 43 | 29 | |
| (Loss) on discontinued operations per common share - basic | 0 | 0 | −0.04 | −0.4 | −0.46 | |
| Weighted average common shares outstanding - basic | 282 | 217 | 103 | 43 | 29 | |
| (Loss) on discontinued operations per common share - diluted | 0 | 0 | −0.04 | −0.4 | −0.46 | |
| Weighted average common shares outstanding - diluted | 318 | 217 | 103 | 43 | 29 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-09-30 | FY 2024 2024-09-30 | FY 2024 2024-06-30 | FY 2023 2023-12-31 | FY 2023 2023-09-30 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 43 | 121 | — | — | 29 | |
| Restricted Cash | 3 | 3 | — | 0 | 0 | |
| Prepaid expense and other current assets | 12 | 8 | — | — | 3 | |
| Bitcoin - current | 967 | 432 | — | — | 56 | |
| Receivable from bitcoin collateral | 295 | 78 | — | — | 0 | |
| Note receivable from GRIID | 0 | 61 | — | — | 0 | |
| Derivative investments | 233,000 | 2 | — | — | 3 | |
| Investment in debt security, AFS, at fair value | 0 | 918,000 | — | — | 726,000 | |
| Total current assets | 1,320 | 705 | — | — | 102 | |
| Bitcoin - noncurrent | 223 | 0 | — | — | — | |
| Property and equipment, net | 1,364 | 870 | — | — | 564 | |
| Right of use assets | 4 | 3 | 3 | — | 688,000 | |
| Intangible assets, net | 6 | 3 | — | — | 5 | |
| Deposits on miners and mining equipment | 112 | 360 | — | — | 76 | |
| Other long-term asset | 23 | 13 | — | — | 6 | |
| Goodwill | 132 | 8 | — | — | 8 | |
| Total assets | 3,184 | 1,963 | — | — | 762 | |
| Accounts payable | 15 | 83 | — | — | 40 | |
| Accrued liabilities | 118 | 44 | — | — | 26 | |
| Other current liabilities | 6 | 2 | — | — | 311,000 | |
| Current portion of debt | 177 | 59 | — | — | 7 | |
| Dividends payable | 396,000 | 0 | — | — | 0 | |
| Total current liabilities | 316 | 188 | — | — | 74 | |
| Long-term debt, net of current portion, debt discount and debt issuance costs | 645 | 7 | — | — | 9 | |
| Deferred income taxes | 45 | 6 | — | — | 2 | |
| Other long-term liabilities | 3 | 997,000 | — | — | — | |
| Total liabilities | 1,009 | 202 | — | — | 86 | |
| Commitments and contingencies - Note 19 | — | — | — | — | — | |
| Preferred stock; $0.001 par value; 10,000,000 shares authorized; Series A shares; 2,000,000 authorized; 1,750,000 issued and outstanding (liquidation preference $0.02 per share) Series X shares; 0 and 1,000,000 authorized, issued and outstanding, respectively | 2,000 | 3,000 | — | — | 2,000 | |
| Common stock; $0.001 par value; 600,000,000 and 300,000,000 shares authorized; 296,087,533 and 270,897,784 shares issued; 284,327,598 and 270,897,784 shares outstanding, respectively | 296,000 | 271,000 | — | — | 160,000 | |
| Additional paid-in capital | 2,446 | 2,239 | — | — | 1,009 | |
| Accumulated other comprehensive income | 0 | 418,000 | — | — | 226,000 | |
| Accumulated deficit | −126 | −479 | — | — | −334 | |
| Treasury stock at cost; 11,759,935 and 0 shares held, respectively | −145 | 0 | — | — | — | |
| Total stockholders' equity | 2,175 | 1,761 | — | — | 676 | |
| Total liabilities and stockholders' equity | 3,184 | 1,963 | — | — | 762 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-09-30 | FY 2024 2024-09-30 | FY 2023 2023-09-30 | FY 2022 2022-09-30 | FY 2021 2021-09-30 |
|---|---|---|---|---|---|---|
| Less: Loss from discontinued operations | 0 | 0 | 4 | 17 | 14 | |
| Bitcoin mining revenue, net | −766 | −379 | −168 | −131 | −39 | |
| Proceeds from sale of bitcoin | 0 | 0 | 116 | 133 | 11 | |
| Realized gain on sale of bitcoin | 0 | 0 | −1 | 0 | — | |
| Bitcoin issued for services | 2 | 1 | 720,000 | 611,000 | 296,592 | |
| Impairment expense - fixed assets | 0 | 197 | 0 | 0 | — | |
| Impairment expense - other | 0 | 716,000 | 0 | 250,000 | — | |
| Impairment expense - bitcoin | 0 | 0 | 7 | — | — | |
| Loss on derivative securities, net | 2 | 965,000 | 259,000 | — | — | |
| Gain on fair value of contingent consideration | 0 | 0 | −2 | −346,000 | −84,198 | |
| Gain on bitcoin collateral | −92 | −1 | 0 | −3 | −3 | |
| Stock based compensation | 45 | 30 | 24 | 31 | 9 | |
| Depreciation and amortization | 348 | 155 | 121 | 49 | 9 | |
| Deferred income taxes, net | 39 | 3 | 2 | — | — | |
| (Gain) loss on disposal of assets | −336,000 | 5 | 2 | −643,000 | 0 | |
| Other | 3 | 474,000 | 662,000 | — | — | |
| Decrease in operating lease liabilities | −1 | −287,000 | −70,000 | −104,000 | −1 | |
| Increase in accounts payable and accrued liabilities | 33 | 20 | 13 | 16 | 4 | |
| Increase (decrease) in prepaid expenses and other current assets | −5 | −3 | 3 | −1 | −264,233 | |
| Increase Decrease In Other Long Term Assets | −7 | −3 | −3 | — | — | |
| Net cash (used in) provided by operating activities of continuing operations | −461 | −233 | −19 | 80 | −12 | |
| Net cash (used in) provided by operating activities of discontinued operations | 0 | −508,000 | 1 | −6 | −12 | |
| Net cash (used in) provided by operating activities | −461 | −234 | −17 | 73 | −24 | |
| Payments on miners and mining equipment (including deposits) | −418 | −740 | −239 | −171 | — | |
| Purchase of fixed assets | −145 | −66 | −61 | −19 | — | |
| Purchase of bitcoin | −160 | 0 | 0 | — | — | |
| Proceeds from sale of bitcoin and option settlement | 378 | 43 | 0 | 0 | — | |
| Proceeds from sale of miners | 42 | 1 | 34,000 | 3 | 0 | |
| Proceeds from sale of derivative contracts | 10 | 0 | 0 | — | — | |
| Acquisition of GRIID Infrastructure | 1 | 0 | 0 | — | — | |
| Asset acquisition - LaFayette, GA Location | −1 | 0 | 0 | — | — | |
| Asset acquisition - Twin City, GA Location | −5 | 0 | 0 | — | — | |
| Asset Acquisition - Tennessee Locations | −8 | −18 | 0 | 0 | — | |
| Asset Acquisition - Wyoming Locations | 0 | −26 | 0 | 0 | — | |
| Asset acquisition - LN Energy | 0 | −26 | 0 | 0 | — | |
| Asset Acquisition - Mississippi Locations | 0 | −23 | 0 | 0 | — | |
| Asset acquisition - Dalton, GA Locations | 0 | −4 | −9 | — | — | |
| Asset acquisition - Land in Sandersville, GA | 0 | −1 | −1 | — | — | |
| Acquisition of Mawson | 0 | 0 | −23 | −3 | 0 | |
| Notes receivable from GRIID | 0 | −61 | 0 | 0 | — | |
| Other | 2 | 0 | 0 | — | — | |
| Net cash used in investing activities of continuing operations | −306 | −920 | −334 | −211 | −228 | |
| Net cash provided by investing activities of discontinued operations | 0 | 0 | 2 | 0 | −1 | |
| Net cash used in investing activities | −306 | −920 | −332 | −211 | −229 | |
| Payments on debt | −136 | −7 | −14 | −3 | −6 | |
| Payments of debt issuance costs | −2 | 0 | 0 | — | — | |
| Payments on preferred dividends | −11 | −3 | −21,000 | −315,000 | −177,502 | |
| Payments on finance leases | −25,000 | −93,000 | −301,000 | −432,000 | −288,602 | |
| Refund of debt commitment fee | 0 | 0 | 150,000 | 0 | — | |
| Proceeds from debt, net of issuance fees | 889 | 50 | 2 | 0 | — | |
| Payments of taxes on shares withheld for net settlement of restricted stock units | −4 | −23 | −6 | 0 | — | |
| Proceeds from exercise of options and warrants | 922,000 | 753,000 | 0 | 817,000 | 4 | |
| Proceeds from equity offerings, net | 187 | 1,232 | 376 | 123 | 271 | |
| Net cash provided by financing activities | 689 | 1,249 | 358 | 140 | 268 | |
| Net increase in cash, cash equivalents, and restricted cash | −78 | 95 | 9 | 2 | 15 | |
| Cash paid for interest | 9 | 2 | 3 | 1 | 156,204 | |
| Shares issued for settlement of contingent consideration related to business acquisition | 0 | 0 | 3 | 0 | — | |
| Receivable for equity proceeds | 0 | 0 | 10 | 2 | — | |
| Fixed asset and miner purchases accrued not paid | 1 | 68 | 27 | 0 | — | |
| Shares withheld for net settlement of restricted stock units related to tax withholdings | 2 | 23 | 6 | 2 | — | |
| Fixed assets purchased through finance transactions | 2 | 7 | 493,000 | 212,000 | 0 | |
| Miners and derivatives purchased with bitcoin | 81 | 0 | 0 | — | — | |
| Software purchased with bitcoin | 7 | 541,000 | 229,000 | 0 | — | |
| Preferred shares dividends accrued | 396,000 | 0 | 0 | 21,000 | 0 | |
| Unrealized gain on investment in available-for-sale debt security | 0 | 0 | −116,000 | 115,000 | 0 | |
| Shares issued in connection with GRIID Acquisition | 61 | 0 | 0 | — | — |
Filings
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Frequently asked questions
What is CLEANSPARK, INC.'s CIK number?
CLEANSPARK, INC.'s SEC CIK number is 0000827876 (827876). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find CLEANSPARK, INC.'s SEC filings?
All of CLEANSPARK, INC.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did CLEANSPARK, INC. last report earnings?
CLEANSPARK, INC. (CLSK) most recently filed an earnings 8-K with the SEC on May 11, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001193125-26-216866). This is CLEANSPARK, INC.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is CLEANSPARK, INC.'s most recent earnings 8-K?
CLEANSPARK, INC.'s latest earnings 8-K (Item 2.02) was filed May 11, 2026 under accession 0001193125-26-216866. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View CLEANSPARK, INC.'s latest earnings 8-K →
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