Summary by Futu AI
On December 2, 2024, CleanSpark announced a delay in filing its Form 10-K for the fiscal year ended September 30, 2024, due to the need for additional time to finalize financial statements. The company expects to file within 15 days of the due date.CleanSpark reported a significant revenue increase of 125% YoY, reaching $378.9 million, driven by enhanced bitcoin mining capacity and valuation. However, the net loss widened to $145.8 million, primarily due to impairment on older miners, partially offset by gains from new accounting practices for bitcoin holdings.The company anticipates significant changes in operational results compared to the previous year, with further details available in the earnings release issued on December 2, 2024.