| Income Statement | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-06-30 |
|---|---|---|---|---|
| Total revenues, net | - | - | - | 104,108,000 |
| Impairment expense - fixed assets | 0 | - | - | 189,235,000 |
| Professional fees | 3,004,000 | 2,983,000 | 3,885,000 | 4,368,000 |
| Payroll expenses | 16,398,000 | 15,255,000 | 20,869,000 | 17,150,000 |
| General and administrative expenses | 16,566,000 | 11,736,000 | 10,054,000 | 8,235,000 |
| Loss (gain) on disposal of assets | -156,000 | 2,230,000 | 791,000 | 47,000 |
| Depreciation and amortization | 94,880,000 | 78,901,000 | 66,229,000 | 40,727,000 |
| Cost of revenues (exclusive of depreciation and amortization shown below) | 90,128,000 | 85,424,000 | 70,290,000 | 45,180,000 |
| Realized loss (gain) on sale of bitcoin | - | - | - | 0 |
| Impairment expense - other | 0 | 0 | - | 0 |
| Loss (gain) on fair value of bitcoin (see note 2 and note 4) | 268,651,000 | -127,667,000 | 218,206,000 | -48,338,000 |
| Impairment expense - bitcoin | - | - | - | 0 |
| Total costs and expenses | -47,519,000 | 319,736,000 | -47,670,000 | 353,186,000 |
| Bitcoin mining revenue, net | 198,644,000 | 181,712,000 | 162,306,000 | - |
| (loss) income from operations | 246,163,000 | -138,024,000 | 209,976,000 | -249,078,000 |
| Other income | 1,509,000 | 183,000 | - | 0 |
| Interest expense | 3,454,000 | 1,267,000 | 1,559,000 | 485,000 |
| Interest income | 355,000 | 2,014,000 | 1,476,000 | 2,638,000 |
| (loss) gain on derivative securities | -430,000 | -4,741,000 | 3,622,000 | 1,188,000 |
| Change in fair value of contingent consideration | - | - | - | 0 |
| Gain on bitcoin collateral | 31,354,000 | 0 | 42,493,000 | - |
| Total other income | 29,334,000 | -3,811,000 | 46,032,000 | 3,341,000 |
| (loss) income before income tax (benefit) expense | 275,497,000 | -141,835,000 | 256,008,000 | -245,737,000 |
| Income tax expense | - | - | - | 0 |
| Income tax (benefit) expense | 18,107,000 | -3,043,000 | 9,217,000 | -9,495,000 |
| Loss from continuing operations | - | - | - | -236,242,000 |
| (loss) income from discontinued operations | - | - | - | 0 |
| (loss) income on discontinued operations | - | - | - | 0 |
| Net (loss) income | 257,390,000 | -138,792,000 | 246,791,000 | -236,242,000 |
| Preferred stock dividends | 5,603,000 | 0 | 5,141,000 | 0 |
| Net (loss) income attributable to common shareholders | 251,787,000 | -138,792,000 | 241,650,000 | -236,242,000 |
| Other comprehensive (loss) income, net of tax | -223,000 | 2,946,000 | 32,000 | 28,000 |
| Total comprehensive (loss) income attributable to common shareholders | 251,564,000 | -135,846,000 | 241,682,000 | -236,214,000 |
| Weighted average common shares outstanding - basic | 280,997,649 | 280,853,882 | 284,549,900 | 228,642,939 |
| Weighted average common shares outstanding - diluted | 325,594,451 | 280,853,882 | 291,887,140 | 228,642,939 |
CLEANSPARK, INC. (CLSK)
CLEANSPARK, INC. (CLSK)