Below are the financial statements of CleanSpark, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
All figures in thousands of USD | 2024 | 2023 | 2022 |
---|---|---|---|
Revenues, net | — | — | — |
Bitcoin mining revenue, net | 378,968a | 168,121a | 131,000a |
Other services revenue | 0a | 287a | 525a |
Total revenues, net | 378,968a | 168,408a | 131,525a |
Costs and expenses | — | — | — |
Cost of revenues (exclusive of depreciation and amortization shown below) | -165,516a | -93,580a | -41,234a |
Professional fees | -13,806a | -10,869a | -6,469a |
Payroll expenses | -74,095a | -45,714a | -40,920a |
General and administrative expenses | -30,185a | -20,823a | -10,423a |
Loss on disposal of assets | -5,466a | -1,931a | -643a |
Gain on fair value of bitcoin, net | -113,423a | 0a | 0a |
Other impairment expense (related to bitcoin) | 0a | -7,163a | -12,210a |
Impairment expense - fixed assets | -197,041a | 0a | 0a |
Impairment expense - other | -716a | 0a | -250a |
Impairment expense - goodwill | 0a | 0a | -12,048a |
Realized gain on sale of bitcoin | 0a | -1,357a | -2,567a |
Depreciation and amortization | -154,609a | -120,728a | -49,045a |
Total costs and expenses | -528,011a | -299,451a | -169,389a |
Loss from operations | -149,043a | -131,043a | -37,864a |
Other income (expense) | — | — | — |
Other income | 0a | 11a | 308a |
Change in fair value of contingent consideration | 0a | 2,484a | 306a |
Recognized gain on bitcoin collateral returned | 91a | 0a | 0a |
Change in fair value of bitcoin collateral | 1,384a | 0a | 0a |
Realized gain on sale of equity security | 0a | 0a | 1a |
Unrealized loss on equity security | 0a | 0a | -2a |
Unrealized loss on derivative security | -965a | -259a | -1,950a |
Interest income | 8,555a | 481a | 190a |
Interest expense | -2,455a | -2,977a | -1,078a |
Total other income (expense) | 6,610a | -260a | -2,225a |
Loss before income tax expense | -142,433a | -131,303a | -40,089a |
Income tax expense | -3,344a | -2,416a | 0a |
Loss from continuing operations | -145,777a | -133,719a | -40,089a |
Discontinued operations | — | — | — |
Loss from discontinued operations | 0a | -4,429a | -17,237a |
Income tax expense | 0a | 0a | 0a |
Loss on discontinued operations | 0a | -4,429a | -17,237a |
Net loss | -145,777a | -138,148a | -57,326a |
Preferred stock dividends | 3,422a | 0a | 336a |
Net loss attributable to common shareholders | -149,199a | -138,148a | -57,662a |
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