CleanSpark Inc. (CLSKW) Financial Statements (2025 and earlier)

Company Profile

Business Address 10624 S. EASTERN AVE.
HENDERSON, NV 89052
State of Incorp. NV
Fiscal Year End September 30
Industry (SIC) 6199 - Finance Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2024
MRQ
9/30/2024
9/30/2023
9/30/2022
9/30/2021
9/30/2020
9/30/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments121,22229,21520,46318,3013,5867,839
Cash and cash equivalent121,22229,21520,46318,0403,1267,839
Short-term investments    261460 
Receivables  5272,620 67
Inventory, net of allowances, customer advances and progress billings  8092162,673  
Inventory  8092162,673  
Asset, held-for-sale, not part of disposal group  4457,426   
Intangible current assets      7,430
Other current assets  56,24111,14723,603  
Other undisclosed current assets584,20815,45711,49710,5294,666(5,452)
Total current assets:705,430102,17250,77657,7268,2529,884
Noncurrent Assets
Operating lease, right-of-use asset3,2636885511,48841 
Property, plant and equipment869,693564,395376,781137,593118145
Intangible assets, net (including goodwill)11,08312,6466,48531,32712,9594,994
Goodwill8,0438,043 19,0495,9044,920
Intangible assets, net (excluding goodwill)3,0404,6036,48512,2777,05674
Other undisclosed noncurrent assets373,19381,67718,03189,3399708,411
Total noncurrent assets:1,257,232659,406401,849259,74714,08813,550
TOTAL ASSETS:1,962,662761,578452,625317,47322,34023,434
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:126,86665,57724,6627,9754,527849
Accounts payable82,992   2 
Accrued liabilities43,874     
Other undisclosed accounts payable and accrued liabilities  65,57724,6627,9754,525849
Debt58,7817,1228,046414531150
Disposal group, including discontinued operation  9781,035   
Other liabilities2,240     
Due to related parties   87
Other undisclosed current liabilities 3782971,674324417
Total current liabilities:187,88774,05534,04110,0635,3831,503
Noncurrent Liabilities
Long-term debt and lease obligation7,1768,92014,0611,694531150
Long-term debt, excluding current maturities7,1768,91113,433 531150
Finance lease, liability  9180458  
Liabilities, other than long-term debt997519 (175)  
Accounts payable and accrued liabilities    (175)  
Other liabilities      
Operating lease, liability 9975194481,235  
Other undisclosed noncurrent liabilities5,76185764175 2,896
Total noncurrent liabilities:13,93410,29614,5721,6945313,046
Total liabilities:201,82184,35148,61311,7575,9144,549
Equity
Equity, attributable to parent1,760,841677,227404,012305,71616,42618,885
Preferred stock322221
Common stock2711605637175
Treasury stock, value      
Additional paid in capital2,239,3671,009,482599,898444,075132,810111,936
Accumulated other comprehensive income (loss)418226110(5)  
Accumulated deficit(479,218)(332,643)(196,054)(138,392)(116,403)(93,056)
Total equity:1,760,841677,227404,012305,71616,42618,885
TOTAL LIABILITIES AND EQUITY:1,962,662761,578452,625317,47322,34023,434

Income Statement (P&L) ($ in thousands)

12/31/2024
TTM
9/30/2024
9/30/2023
9/30/2022
9/30/2021
9/30/2020
9/30/2019
Revenues378,968168,408131,52449,43810,0294,533
Revenues, excluding interest and dividends      780
Cost of revenue(165,516)(93,580)(41,234)(13,965)(7,908)(3,861)
Cost of product and service sold     (7,558)(3,232)
Gross profit:213,45274,82890,29135,4732,121672
Operating expenses(190,260)(141,551)(58,825)(24,698)(17,264)(17,286)
Other operating expense, net    (8,203) 
Other expenses     (8,203) 
Other undisclosed operating income (loss)(172,235)(64,320)(69,331)(39,352)  
Operating income (loss):(149,043)(131,043)(37,865)(28,577)(23,346)(16,614)
Interest and debt expense (2,977)(1,078)(154) (9,503)
Income (loss) from continuing operations before equity method investments, income taxes:(149,043)(134,020)(38,943)(28,731)(23,346)(26,117)
Other undisclosed income (loss) from continuing operations before income taxes3,2661,860(1,147)   
Income (loss) from continuing operations before income taxes:(145,777)(132,160)(40,089)(28,731)(23,346)(26,117)
Income tax expense      
Income (loss) from continuing operations:(145,777)(132,160)(40,089)(28,731)(23,346)(26,117)
Loss before gain (loss) on sale of properties:(57,326)(28,731)(23,346)(26,117)
Loss from discontinued operations  (4,429)(17,237)   
Other undisclosed net income (loss)(3,230)116(220)6,736  
Net income (loss):(149,007)(136,473)(57,546)(21,995)(23,346)(26,117)
Other undisclosed net income (loss) attributable to parent3,230(116)220183  
Net income (loss) attributable to parent:(145,777)(136,589)(57,326)(21,812)(23,346)(26,117)
Preferred stock dividends and other adjustments(3,422)     
Net income (loss) available to common stockholders, diluted:(149,199)(136,589)(57,326)(21,812)(23,346)(26,117)

Comprehensive Income ($ in thousands)

12/31/2024
TTM
9/30/2024
9/30/2023
9/30/2022
9/30/2021
9/30/2020
9/30/2019
Net income (loss):(149,007)(136,473)(57,546)(21,995)(23,346)(26,117)
Other comprehensive income (loss)192116116(5)20 
Comprehensive income (loss), net of tax, attributable to parent:(148,815)(136,357)(57,431)(22,000)(23,326)(26,117)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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