![]() Payroll expenses increased to $24,209,787. Contact Us +1 (702) 989-7692 For general inquiries For HR related inquiries For media inquiries Investor Relations +1 (702) 989-7693 Contact How can we help you Fill out the form to get started. General and administrative expenses increased. Payroll expenses decreased to $7,617,576. Our cash flows from financing activities for the nine months ended Jconsisted of repayments of $5,865,476 on promissory notes, proceeds from exercise of options and warrants of $3,731,563 and proceeds from underwritten offerings of $236,123,384.īitcoin mining has now become our principal revenue generating business activity, and consistent with our current business strategy, we intend to explore and opportunistically continue to acquire additional facilities, equipment and infrastructure capacity as well as evaluate other colocation opportunities, with the intention of expanding our bitcoin mining operations. The total costs and expenses for the nine months ended Jincreased to $25,244,377 from $11,950,066 for the nine months ended Jprimarily due to impairment expenses related to the energy business and severance related payroll expenses. The total costs and expenses for the three months ended Jincreased to $13,704,066 from $5,465,424 for the three months ended Jprimarily due to impairment expenses related to the energy business and severance related payroll expenses. The increase was due primarily to the increased losses from sale of digital currency and increased depreciation expense when compared to gain on the sale of digital currency and significantly lesser depreciation during the prior period. Other Inside Cleanspark, Inc.'s 10-Q Quarterly Report: We have not utilized the shelf offering since November and we continue to right size our capital structure through means of non-dilutive capital.”įinancial Results for the Three Months Ended March 31, 2022 As for our capital strategy, our growth capex was funded 100% from the conversion of bitcoin. We continue to make strides in our commitment to ESG principles, most notably by working on attracting and retaining a diverse and highly qualified workforce. We have line-of-sight on 600MW of power, driven in large part by the recent agreement we signed with Lancium at the end of the quarter. CLSK Stock Reddit Threads CleanSpark Social Sentiment 2023 NASDAQ:CLSK CleanSpark - CLSK Stock Reddit Activity & Social Media Sentiment 2.38 0.00 (0.00) (As of 12:00 AM ET) Compare Today's Range 2.32 2.44 50-Day Range 1.95 3.64 52-Week Range 1.74 13.91 Volume 2.09 million shs Average Volume 3. “While the whole industry faced macro headwinds, primarily driven by a lower average bitcoin price, we continued to execute on our infrastructure-first strategy. “The theme for this quarter has been operational and financial execution,” said Zach Bradford, Chief Executive Officer. Nishant CONTACT: Isaac Holyoak CleanSpark, Inc.A sustainable bitcoin mining and energy technology company, today reported financial results for the three and six months ended March 31, 2022. For more information about the Company, please visit the Company's website at. May daily BTC production reached a high of 10.69.ĬleanSpark, Inc., a Nevada corporation, is a sustainable bitcoin mining and energy technology company that is solving modern energy challenges. Sales of BTC equated to proceeds of approximately $6.9 million. The Company fully funded growth and operations through the sale of 210 bitcoins in May 2022 at an average of approximately $32,639 per BTC. ![]() Total BTC converted for operations and growth in May: 210Ĭurrently deployed fleet of over 25,000 latest-generation bitcoin miners with a hashrate over 2.5 EH/s Bitcoin Production & Operations Update (unaudited)Ĭalendar year-to-date production ending May 31: 1,523
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