CleanSpark Inc. (CLSK) Financial Statements (2024 and earlier)

Company Profile

Business Address 2370 CORPORATE CIRCLE
HENDERSON, NV 89074
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)

12/31/2023
MRQ
9/30/2023
9/30/2022
9/30/2021
9/30/2020
9/30/2019
9/30/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments29,21520,46318,3013,5867,839413
Cash and cash equivalents29,21520,46318,0403,1267,839413
Short-term investments   261460  
Receivables5272,620 67458
Inventory, net of allowances, customer advances and progress billings8092162,673   
Inventory8092162,673   
Asset, held-for-sale, not part of disposal group4457,426    
Intangible current assets     7,4303,214
Other current assets56,24111,14723,603   
Other undisclosed current assets15,45711,49710,5294,666(5,452)(3,536)
Total current assets:102,17250,77657,7268,2529,884548
Noncurrent Assets
Operating lease, right-of-use asset6885511,48841 
Property, plant and equipment564,395376,781137,59311814587
Intangible assets, net (including goodwill)12,6466,48531,32712,9594,9944,992
Goodwill8,043 19,0495,9044,9204,920
Intangible assets, net (excluding goodwill)4,6036,48512,2777,0567472
Other undisclosed noncurrent assets81,67718,03189,3399708,41111,929
Total noncurrent assets:659,406401,849259,74714,08813,55017,007
TOTAL ASSETS:761,578452,625317,47322,34023,43417,556
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:65,57724,6627,9754,527849132
Accounts payable    2  
Accrued liabilities      
Other undisclosed accounts payable and accrued liabilities65,57724,6627,9754,525849132
Debt7,1228,046414531150150
Disposal group, including discontinued operation9781,035    
Due to related parties   87383
Other undisclosed current liabilities3782971,674324417685
Total current liabilities:74,05534,04110,0635,3831,5031,350
Noncurrent Liabilities
Long-term debt and lease obligation8,92014,0611,694531150150
Long-term debt, excluding current maturities8,91113,433 531150150
Finance lease, liability 9180458  
Liabilities, other than long-term debt519 (175)   
Accounts payable and accrued liabilities   (175)   
Operating lease, liability5194481,235  
Other undisclosed noncurrent liabilities85764175 2,896 
Total noncurrent liabilities:10,29614,5721,6945313,046150
Total liabilities:84,35148,61311,7575,9144,5491,500
Equity
Equity, attributable to parent677,227404,012305,71616,42618,88516,056
Preferred stock222211
Common stock160563717536
Additional paid in capital1,009,482599,898444,075132,810111,93682,958
Accumulated other comprehensive income (loss)226110(5)   
Accumulated deficit(332,643)(196,054)(138,392)(116,403)(93,056)(66,940)
Total equity:677,227404,012305,71616,42618,88516,056
TOTAL LIABILITIES AND EQUITY:761,578452,625317,47322,34023,43417,556

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

12/31/2023
TTM
9/30/2023
9/30/2022
9/30/2021
9/30/2020
9/30/2019
9/30/2018
Revenues168,408131,52449,43810,0294,533579
Revenues, excluding interest and dividends     780 
Cost of revenue(93,580)(41,234)(13,965)(7,908)(3,861)(391)
Cost of goods and services sold    (7,558)(3,232) 
Gross profit:74,82890,29135,4732,121672188
Operating expenses(141,551)(58,825)(24,698)(17,264)(17,286)(7,264)
Other operating expense, net
(Other Expenses)
    (8,203)  
Other undisclosed operating loss(64,320)(69,331)(39,352)   
Operating loss:(131,043)(37,865)(28,577)(23,346)(16,614)(7,076)
Nonoperating expense
(Investment Income, Nonoperating)
      (38,965)
Interest and debt expense(2,977)(1,078)(154) (9,503)(679)
Loss from continuing operations before equity method investments, income taxes:(134,020)(38,943)(28,731)(23,346)(26,117)(46,720)
Other undisclosed income (loss) from continuing operations before income taxes1,860(1,147)    
Loss from continuing operations:(132,160)(40,089)(28,731)(23,346)(26,117)(46,720)
Loss before gain (loss) on sale of properties:(57,326)(28,731)(23,346)(26,117)(46,720)
Loss from discontinued operations(4,429)(17,237)    
Other undisclosed net income (loss)116(220)6,736   
Net loss:(136,473)(57,546)(21,995)(23,346)(26,117)(46,720)
Other undisclosed net income (loss) attributable to parent(116)220183  (286)
Net loss available to common stockholders, diluted:(136,589)(57,326)(21,812)(23,346)(26,117)(47,006)

Comprehensive Income ($ in thousands)

12/31/2023
TTM
9/30/2023
9/30/2022
9/30/2021
9/30/2020
9/30/2019
9/30/2018
Net loss:(136,473)(57,546)(21,995)(23,346)(26,117)(46,720)
Other comprehensive income (loss)116116(5)20  
Other undisclosed comprehensive income      
Comprehensive loss, net of tax, attributable to parent:(136,357)(57,431)(22,000)(23,326)(26,117)(46,720)

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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