![]() ![]() Forward-looking statements contained in this press release include, but are not limited to statements regarding the Company's future results of operations and financial position, industry and business trends, strategy, plans and market growth and its objectives for future operations. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. For more information about CleanSpark, please visit our website at Forward-Looking Statements CleanSpark holds the 44th spot on the Financial Times' 2022 List of the 500 Fastest Growing Companies in the Americas and ranks thirteenth on Deloitte's Fast 500. We cultivate trust and transparency among our employees, the communities we operate in, and the people around the world who depend on Bitcoin. We strive to leave the planet better than we found it by sourcing and investing in low-carbon energy, like wind, solar, nuclear, and hydro. In 2020, we transitioned that expertise to develop sustainable infrastructure for Bitcoin, an essential tool for financial independence and inclusion. Since 2014, we've helped people achieve energy independence for their homes and businesses. The webcast will be accessible for at least 30 days on the Company's website and a transcript of the call will be available on the Company's website following the call.ĬleanSpark (NASDAQ: CLSK) is America's Bitcoin Miner. The Company will hold its first quarter 2023 earnings presentation and business update for investors and analysts today, February 9, 2023, at 1:30p.m. The Company's debt totaled $19.6 million at December 31, 2022, as the Company paid down $1.6 million or approximately 8% of its outstanding debt in the fourth quarter. ![]() ![]() The Company's liquidity, in cash and bitcoin, was approximately $6.0m as of December 31, 2022. Total Stockholders' Equity: $427.0 million Total Mining assets(including prepaid deposits & miners, net of accumulated depreciation): $349.0 million Adjusted EBITDA was ($1.4) million, compared to $2.9 million in the preceding fourth quarter.īalance Sheet Highlights as of December 31, 2022īitcoin: $3.9 million (based upon a per bitcoin price of approximately $17,000 at December 31, 2022) Net loss for the first quarter was ($29.0) million, decreasing $13.3 million from the fiscal 2022 fourth quarter net loss of ($42.3) million. Revenues increased $1.6 million, or 6%, from the preceding fourth quarter. The Company saw sequential revenues increase in the first quarter of fiscal 2023 compared to the fiscal quarter ended September 30, 2022. The Company recognized a net loss for the three months ended December 31, 2022, of $(29.0) million, compared to net income of $14.5 million for the same prior year period.Īdjusted EBITDA* decreased to ($1.4) million, compared to Adjusted EBITDA of $25.1 million from the same prior year period. Revenues for the quarter were $27.8 million, a decrease of $9.3 million, or 25%, from $37.1 million for the same prior year period. ![]()
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