The figure declined -30% compared to Q2 with the reduction attributed to a falling BTC/USD price.ĬleanSpark’s stock rose +27.8% on the 10th of August as the market digested the result, but has since erased the gains and more, trending lower again with the Bitcoin spot price. The figure however missed forecasts of $34.5 million by ~10%.ĬLSK clearly stood out with its positive adjusted EBITDA of $15.2 million vs a consensus forecast of $11.6 million. The miner generated $31 million in revenue, growing 342.5% on the $9 million generated in 2021. The company posted negative EPS of -39 cents compared to a forecast of -15 cents by the three sell-side analysts that cover the stock.
Cleanspark company update#
In conjunction with the transaction, CLSK also spent about $8.9 million on ~3,400 units of the latest generation Antminer S19 Bitcoin mining machines which are already operating at the facility.ĬleanSpark also provided their third quarter earnings update at the time of the transaction release. CleanSpark management expects the facility will add mining capacity of 2.6EH/s to the group’s portfolio once the full 86MW of predominantly carbon-free power is completed and fully operational in 2023. The transaction, which was originally announced on the 9th of August, had a value of $16.2 million. On the 19th of August, sustainable bitcoin mining firm CleanSpark ( US:CLSK) announced to the market the purchase and completion of an active mining facility located in Washington, Georgia.
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