CleanSpark Inc. (CLSK) 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)
| 9/30/2024 | 12/31/2023 MRQ | 9/30/2023 | 9/30/2022 | 9/30/2021 | 9/30/2020 | 9/30/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 48,458 | 29,215 | 20,463 | 18,301 | 3,586 | 7,839 | |||
| Cash and cash equivalents | 48,458 | 29,215 | 20,463 | 18,040 | 3,126 | 7,839 | |||
| Short-term investments | 261 | 460 | |||||||
| Receivables | (348) | 5 | 27 | 2,620 | 67 | ||||
| Inventory, net of allowances, customer advances and progress billings | 732 | 809 | 216 | 2,673 | |||||
| Inventory | 732 | 809 | 216 | 2,673 | |||||
| Asset, held-for-sale, not part of disposal group | 384 | 445 | 7,426 | ||||||
| Intangible current assets | 7,430 | ||||||||
| Other current assets | 126,951 | 56,241 | 11,147 | 23,603 | |||||
| Other undisclosed current assets | 5,528 | 15,457 | 11,497 | 10,529 | 4,666 | (5,452) | |||
| Total current assets: | 181,705 | 102,172 | 50,776 | 57,726 | 8,252 | 9,884 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 647 | 688 | 551 | 1,488 | 41 | ||||
| Property, plant and equipment | 637,481 | 564,395 | 376,781 | 137,593 | 118 | 145 | |||
| Intangible assets, net (including goodwill) | 12,132 | 12,646 | 6,485 | 31,327 | 12,959 | 4,994 | |||
| Goodwill | 8,043 | 8,043 | 19,049 | 5,904 | 4,920 | ||||
| Intangible assets, net (excluding goodwill) | 4,089 | 4,603 | 6,485 | 12,277 | 7,056 | 74 | |||
| Other undisclosed noncurrent assets | 30,766 | 81,677 | 18,031 | 89,339 | 970 | 8,411 | |||
| Total noncurrent assets: | 681,026 | 659,406 | 401,849 | 259,747 | 14,088 | 13,550 | |||
| TOTAL ASSETS: | 862,731 | 761,578 | 452,625 | 317,473 | 22,340 | 23,434 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 33,415 | 65,577 | 24,662 | 7,975 | 4,527 | 849 | |||
| Accounts payable | 2 | ||||||||
| Accrued liabilities | 579 | ||||||||
| Other undisclosed accounts payable and accrued liabilities | 32,836 | 65,577 | 24,662 | 7,975 | 4,525 | 849 | |||
| Debt | 7,517 | 7,122 | 8,046 | 414 | 531 | 150 | |||
| Disposal group, including discontinued operation | 706 | 978 | 1,035 | ||||||
| Other liabilities | |||||||||
| Due to related parties | ✕ | ✕ | ✕ | 87 | |||||
| Other undisclosed current liabilities | 755 | 378 | 297 | 1,674 | 324 | 417 | |||
| Total current liabilities: | 42,393 | 74,055 | 34,041 | 10,063 | 5,383 | 1,503 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 7,047 | 8,920 | 14,061 | 1,694 | 531 | 150 | |||
| Long-term debt, excluding current maturities | 7,047 | 8,911 | 13,433 | 531 | 150 | ||||
| Finance lease, liability | 9 | 180 | 458 | ||||||
| Liabilities, other than long-term debt | 474 | 519 | (175) | ||||||
| Accounts payable and accrued liabilities | (175) | ||||||||
| Operating lease, liability | 474 | 519 | 448 | 1,235 | |||||
| Other undisclosed noncurrent liabilities | 2,256 | 857 | 64 | 175 | 2,896 | ||||
| Total noncurrent liabilities: | 9,777 | 10,296 | 14,572 | 1,694 | 531 | 3,046 | |||
| Total liabilities: | 52,170 | 84,351 | 48,613 | 11,757 | 5,914 | 4,549 | |||
| Equity | |||||||||
| Equity, attributable to parent | 810,561 | 677,227 | 404,012 | 305,716 | 16,426 | 18,885 | |||
| Preferred stock | 2 | 2 | 2 | 2 | 2 | 1 | |||
| Common stock | 186 | 160 | 56 | 37 | 17 | 5 | |||
| Additional paid in capital | 1,113,248 | 1,009,482 | 599,898 | 444,075 | 132,810 | 111,936 | |||
| Accumulated other comprehensive income (loss) | 255 | 226 | 110 | (5) | |||||
| Accumulated deficit | (303,130) | (332,643) | (196,054) | (138,392) | (116,403) | (93,056) | |||
| Total equity: | 810,561 | 677,227 | 404,012 | 305,716 | 16,426 | 18,885 | |||
| TOTAL LIABILITIES AND EQUITY: | 862,731 | 761,578 | 452,625 | 317,473 | 22,340 | 23,434 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2024 | 12/31/2023 TTM | 9/30/2023 | 9/30/2022 | 9/30/2021 | 9/30/2020 | 9/30/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 214,375 | 168,408 | 131,524 | 49,438 | 10,029 | 4,533 | ||
| Revenues, excluding interest and dividends | 780 | |||||||
| Cost of revenue | (102,060) | (93,580) | (41,234) | (13,965) | (7,908) | (3,861) | ||
| Cost of goods and services sold | (7,558) | (3,232) | ||||||
| Gross profit: | 112,315 | 74,828 | 90,291 | 35,473 | 2,121 | 672 | ||
| Operating expenses | (154,025) | (141,551) | (58,825) | (24,698) | (17,264) | (17,286) | ||
| Other operating expense, net (Other Expenses) | (8,203) | |||||||
| Other undisclosed operating loss | (31,939) | (64,320) | (69,331) | (39,352) | ||||
| Operating loss: | (73,649) | (131,043) | (37,865) | (28,577) | (23,346) | (16,614) | ||
| Interest and debt expense | (2,634) | (2,977) | (1,078) | (154) | (9,503) | |||
| Loss from continuing operations before equity method investments, income taxes: | (76,283) | (134,020) | (38,943) | (28,731) | (23,346) | (26,117) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 520 | 1,860 | (1,147) | |||||
| Loss from continuing operations: | (75,763) | (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 | (5,886) | (4,429) | (17,237) | |||||
| Other undisclosed net income (loss) | (463) | 116 | (220) | 6,736 | ||||
| Net loss: | (82,112) | (136,473) | (57,546) | (21,995) | (23,346) | (26,117) | ||
| Other undisclosed net income (loss) attributable to parent | 463 | (116) | 220 | 183 | ||||
| Net loss attributable to parent: | (81,649) | (136,589) | (57,326) | (21,812) | (23,346) | (26,117) | ||
| Preferred stock dividends and other adjustments | ||||||||
| Net loss available to common stockholders, diluted: | (81,649) | (136,589) | (57,326) | (21,812) | (23,346) | (26,117) | ||
Comprehensive Income ($ in thousands)
| 9/30/2024 | 12/31/2023 TTM | 9/30/2023 | 9/30/2022 | 9/30/2021 | 9/30/2020 | 9/30/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (82,112) | (136,473) | (57,546) | (21,995) | (23,346) | (26,117) | ||
| Other comprehensive income (loss) | 86 | 116 | 116 | (5) | 20 | |||
| Other undisclosed comprehensive income | 116 | |||||||
| Comprehensive loss, net of tax, attributable to parent: | (81,910) | (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.