CLSK Earnings Prediction
The chart below shows how CLSK performed 10 days before and after its earnings report, based on data from the past quarters. Typically, CLSK sees a +2.12% change in stock price 10 days leading up to the earnings, and a -0.23% change 10 days following the report. On the earnings day itself, the stock moves by +2.98%. This data can give you a slight idea of what to expect for the next quarter's release.
CLSK Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
162.31M
119.97%
81.80%
Gross Margin
15.89%
-22.07%
-171.97%
Operating Margin
-5.34%
-42.52%
-91.22%
Net Margin
152.05%
333.07%
-318.31%
EPS
0.83
492.86%
-432.00%
No Data Available
CLSK Earnings Analysis
CleanSpark Inc Corporation (CLSK.O) Earnings Conference Call
Positive
Record Revenue Surge: First quarter revenue reached $162.3 million, marking a 120% increase year-over-year, driven by strong Bitcoin prices and production efficiency.
Quarterly Net Income Growth: Net income for the quarter was $246.8 million, translating to 85¢ per basic share, showcasing significant profitability growth compared to previous periods.
Record Adjusted EBITDA Growth: Adjusted EBITDA grew to $321.6 million, setting a new industry benchmark for operational efficiency and financial strength.
Bitcoin Revenue Surge: The average revenue recognized per Bitcoin produced was nearly $84,000, a 130% increase from the same quarter last year, reflecting improved market conditions and operational performance.
Fleet Efficiency Improvement: Fleet efficiency improved significantly, with a reduction in cost per Bitcoin mined to approximately $34,000, a 6% decrease from the previous quarter, enhancing overall profit margins.
Negative
Operational Challenges and Uptime Decline: Uptime decreased to 94% from the typical 98%, attributed to a hurricane and the relocation of 80,000 miners, indicating operational challenges during the quarter.
Bitcoin Production Challenges: Despite a 120% increase in revenue year-over-year, Bitcoin production was only 4% less than the previous year, suggesting limited growth in output amidst rising prices and mining difficulty.
Rising Power Costs: The cost of power increased to $0.049 per kilowatt hour, up from $0.044 in the same quarter last year, indicating rising operational costs that could impact profitability.
Operational Cost Concerns: Total professional fees, payroll, and G&A expenses totaled approximately $34.8 million, reflecting a decrease but highlighting ongoing operational costs that may not be sustainable in the long term.
Regulatory Challenges Ahead: The company faced regulatory headwinds over the past four years, which could pose future risks to operational stability and growth in a changing political landscape.
CLSK FAQs
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CLSK Earning Call Sentiment
Earnings call transcript: CleanSpark Q1 2025 beats expectations
CLSK.O
2.17%Positive
The earnings call reveals robust financial performance with 120% revenue growth and improved net income, alongside an industry-leading EBITDA. The stock buyback and strong liquidity position further enhance shareholder value. Despite competitive pressures, the company maintains strategic vendor relationships and operational efficiency. The Q&A section reflects cautious optimism, with management focusing on sustainable growth and shareholder returns. Given the company's market cap, these factors suggest a strong positive stock price movement, likely exceeding 8% in the short term.
