On December 2, 2024, CleanSpark announced its financial results for the fiscal year ending September 30, 2024. The company reported a 125% YoY increase in revenue, reaching $378.9 million, despite a net loss of $145.8 million. Adjusted EBITDA rose significantly to $245.8 million from $25.0 million the previous year.CleanSpark's CEO, Zach Bradford, highlighted the company's strategic growth and capital allocation, positioning it as a leading Bitcoin miner. The company expanded its operating portfolio to 726 MW and increased its hashrate to over 33.5 EH/s, aiming for 37 EH/s by year-end. CFO Gary Vecchiarelli emphasized CleanSpark's financial strength and readiness for diverse capital strategies.The company maintained a strong balance sheet with $705.4 million in current assets and $1.8 billion in stockholders' equity. CleanSpark plans to continue scaling operations and optimizing its data centers to enhance shareholder returns.

On December 2, 2024, CleanSpark announced its financial results for the fiscal year ending September 30, 2024. The company reported a 125% YoY increase in revenue, reaching $378.9 million, despite a net loss of $145.8 million. Adjusted EBITDA rose significantly to $245.8 million from $25.0 million the previous year.CleanSpark's CEO, Zach Bradford, highlighted the company's strategic growth and capital allocation, positioning it as a leading Bitcoin miner. The company expanded its operating portfolio to 726 MW and increased its hashrate to over 33.5 EH/s, aiming for 37 EH/s by year-end. CFO Gary Vecchiarelli emphasized CleanSpark's financial strength and readiness for diverse capital strategies.The company maintained a strong balance sheet with $705.4 million in current assets and $1.8 billion in stockholders' equity. CleanSpark plans to continue scaling operations and optimizing its data centers to enhance shareholder returns.