← CLEANSPARK, INC.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net loss | ($2.5m) | ($13.5m) | ($47.0m) | ($26.1m) | ($23.3m) | ($21.8m) | ($57.3m) | ($136.6m) | ($145.8m) | $364.5m | — | |
| Net Income | — | — | — | — | — | — | ($57.3m) |
($138.1m)
-140.99%
|
($145.8m)
-5.52%
|
$364.5m
+350.01%
|
($997.8m)
-373.78%
|
|
| Net Income From Continuing Operations | — | — | — | — | — | — | ($40.1m) | ($133.7m) | ($145.8m) | $364.5m | ($997.8m) | |
| Depreciation and amortization | $578k | $3.3m | $855k | $1.9m | — | $9.3m | $49.0m | $120.7m | $154.6m | $348.3m | $441.6m | |
| Amortization Cash Flow | — | — | — | — | — | — | — | $2.1m | $33.9m | $4.2m | — | |
| Amortization Of Intangibles | — | — | — | — | — | — | — | $2.1m | $33.9m | $4.2m | $3.3m | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $49.0m | $120.7m | $154.6m | $348.3m | $441.6m | |
| Deferred income taxes, net | — | — | — | — | — | — | $0 | $2.4m | $3.3m | $39.1m | ($29.4m) | |
| Deferred Tax | — | — | — | — | — | — | $0 | $2.4m | $3.3m | $39.1m | ($29.4m) | |
| Impairment expense - fixed assets | — | — | — | — | — | — | $0 | $0 | $197.0m | $0 | — | |
| Impairment expense - other | — | — | — | — | — | — | $250k | $0 | $716k | $0 | — | |
| Impairment expense - bitcoin | — | — | — | — | — | — | — | $7.2m | $0 | $0 | — | |
| Asset Impairment Charge | — | — | — | — | — | — | ($107.1m) | $7.2m | $197.8m | $0 | $5.4m | |
| Change In Working Capital | — | — | — | — | — | — | $145.9m | $12.8m | $13.2m | $19.5m | $10.9m | |
| Change In Receivables | — | — | — | — | — | ($430k) | ($530k) | ($108k) | — | — | — | |
| Changes In Account Receivables | — | — | — | — | — | ($430k) | ($530k) | ($108k) | — | — | — | |
| Change In Inventory | — | — | — | — | — | $107k | ($137k) | ($593k) | — | — | — | |
| Increase in accounts payable and accrued liabilities | — | — | — | $724k | $3.4m | $5.0m | $16.0m | $7.7m | $19.7m | $32.8m | — | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | $16.0m | $13.2m | $19.7m | $32.8m | $17.4m | |
| Fixed asset and miner purchases accrued not paid | — | — | — | — | — | — | $0 | $27.4m | $67.6m | $1.1m | — | |
| Preferred shares dividends accrued | — | — | — | — | — | $0 | $21k | $0 | $0 | $396k | — | |
| Other | — | — | — | — | — | — | — | $0 | $0 | $1.5m | — | |
| Increase (decrease) in prepaid expenses and other current assets | — | — | — | ($1.1m) | $216k | ($3.2m) | ($2.4m) | ($4.3m) | ($3.4m) | ($5.1m) | — | |
| Change In Other Current Assets | — | — | — | — | — | — | $133.2m | ($2.9m) | ($2.9m) | ($7.2m) | ($9.9m) | |
| Change In Other Current Liabilities | — | — | — | — | — | — | ($104k) | ($70k) | ($287k) | ($1.1m) | ($1.7m) | |
| Net cash (used in) provided by operating activities of continuing operations | ($438k) |
($1.4m)
-210.81%
|
$300
+100.02%
|
($5.7m)
-1899429.67%
|
$85k
+101.50%
|
($12.2m)
-14357.87%
|
$77.8m
+739.90%
|
($31.7m)
-140.77%
|
($233.2m)
-635.04%
|
($461.0m)
-97.74%
|
($528.7m)
-14.68%
|
|
| Net cash (used in) provided by operating activities of discontinued operations | ($438k) |
($1.4m)
-210.81%
|
$300
+100.02%
|
($5.7m)
-1899429.67%
|
$85k
+101.50%
|
($11.8m)
-13968.55%
|
($6.4m)
+46.21%
|
$1.3m
+120.84%
|
($508k)
-138.31%
|
$0
+100.00%
|
($528.7m) | |
| Net cash (used in) provided by operating activities | ($438k) |
($1.4m)
-210.81%
|
($1.3m)
+7.44%
|
($5.7m)
-352.03%
|
($6.6m)
-16.58%
|
($35.4m)
-433.35%
|
$71.4m
+301.65%
|
($30.4m)
-142.54%
|
($233.7m)
-668.78%
|
($461.0m)
-97.31%
|
($528.7m)
-14.68%
|
|
| Payments on miners and mining equipment (including deposits) | — | — | — | — | — | — | ($171.2m) | ($239.4m) | ($740.3m) | ($418.2m) | — | |
| Payments on equipment backed loan | — | — | — | — | — | — | $19.6m | $0 | $0 | — | — | |
| Capital Expenditure | — | — | — | — | — | — | ($190.7m) | ($300.9m) | ($806.4m) | ($562.9m) | ($509.5m) | |
| Net Other Investing Changes | — | — | — | — | — | — | — | ($10.8m) | ($138.8m) | $36.3m | $312.7m | |
| Net cash used in investing activities of continuing operations | — | — | — | — | — | ($228.2m) | ($211.0m) | ($334.2m) | ($920.4m) | ($305.7m) | $240.0m | |
| Net cash provided by investing activities of discontinued operations | — | — | — | — | — | ($1.0m) | $0 | $2.2m | $0 | $0 | $240.0m | |
| Net cash used in investing activities | ($21k) | ($126k) | ($419k) | ($674k) | ($2.4m) | ($217.7m) | ($211.0m) | ($331.9m) | ($920.4m) | ($305.7m) | $240.0m | |
| Payments on debt | — | — | — | — | — | ($5.9m) | ($2.8m) | ($14.5m) | ($7.3m) | ($136.0m) | — | |
| Payments of debt issuance costs | — | — | $12.5m | — | — | — | — | $0 | $0 | ($2.0m) | — | |
| Refund of debt commitment fee | — | — | — | — | — | — | $0 | $150k | $0 | $0 | — | |
| Proceeds from debt, net of issuance fees | — | — | — | — | $531k | — | $0 | $1.9m | $0 | $889.2m | — | |
| Unrealized gain on investment in available-for-sale debt security | — | — | — | — | — | $0 | $116k | $116k | $0 | $0 | — | |
| Issuance Of Debt | — | — | — | — | — | — | $19.6m | $1.9m | $50.0m | $889.2m | $1.3b | |
| Long Term Debt Issuance | — | — | — | — | — | — | $19.6m | $1.9m | $50.0m | $889.2m | $1.3b | |
| Long Term Debt Payments | — | — | — | — | — | — | ($3.2m) | ($14.8m) | ($7.4m) | ($136.0m) | ($329.9m) | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | $16.4m | ($12.8m) | $42.6m | $753.2m | $956.1m | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | $16.4m | ($12.8m) | $42.6m | $753.2m | $956.1m | |
| Repayment Of Debt | — | — | — | — | — | — | ($3.2m) | ($14.8m) | ($7.4m) | ($136.0m) | ($329.9m) | |
| Common Stock Issuance | — | — | — | — | — | — | $123.0m | $376.2m | $1.2b | $186.8m | $0 | |
| Common Stock Payments | — | — | — | — | — | — | — | $0 | $0 | ($145.0m) | ($460.0m) | |
| Issuance Of Capital Stock | — | — | — | — | — | — | $123.0m | $376.2m | $1.2b | $186.8m | $0 | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | — | $0 | $0 | ($145.0m) | ($460.0m) | |
| Payments on preferred dividends | — | — | — | — | — | ($178k) | ($315k) | ($21k) | ($3.4m) | ($10.7m) | — | |
| Cash Dividends Paid | — | — | — | — | — | — | ($315k) | ($21k) | ($3.4m) | ($10.7m) | ($36.0m) | |
| Preferred Stock Dividend Paid | — | — | — | — | — | — | ($315k) | ($21k) | ($3.4m) | ($10.7m) | ($36.0m) | |
| Net Other Financing Charges | — | — | — | — | — | — | — | ($5.4m) | ($22.7m) | ($96.3m) | ($4.9m) | |
| Net cash provided by financing activities | $807k |
$1.1m
+37.39%
|
$2.0m
+83.57%
|
$13.8m
+577.90%
|
$4.3m
-68.74%
|
$268.1m
+6114.11%
|
$142.0m
-47.04%
|
$371.1m
+161.39%
|
$1.2b
+236.62%
|
$688.9m
-44.85%
|
$457.1m
-33.65%
|
|
| Cash, cash equivalents, and restricted cash, beginning of the year | — | — | — | — | — | $18.0m | $20.5m | $29.2m | $124.3m | $46.5m | — | |
| Beginning Cash Position | — | — | — | — | — | — | $18.0m | $20.5m | $29.2m | $124.3m | $38.0m | |
| Net increase in cash, cash equivalents, and restricted cash | — | — | — | — | ($4.7m) | $14.9m | $2.4m | $8.8m | $95.1m | ($77.8m) | — | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Less: Loss from discontinued operations | — | — | — | — | — | $13.6m | $17.2m | $4.4m | $0 | $0 | — | |
| Bitcoin mining revenue, net | — | — | — | — | — | ($38.8m) | ($131.0m) | ($168.1m) | ($379.0m) | ($766.3m) | — | |
| Gain on fair value of bitcoin, net | — | — | — | — | — | — | $0 | $0 | ($113.4m) | ($425.6m) | — | |
| Proceeds from sale of bitcoin | — | — | — | — | — | $11.4m | $133.2m | $116.3m | $0 | $0 | — | |
| Realized gain on sale of bitcoin | — | — | — | — | — | — | $0 | $0 | ($91k) | $0 | — | |
| Bitcoin issued for services | — | — | — | — | — | $297k | $611k | $720k | $1.1m | $1.9m | — | |
| Loss on derivative securities, net | — | — | — | — | — | — | — | $259k | $965k | $1.5m | — | |
| Gain on fair value of contingent consideration | — | — | — | — | — | ($84k) | ($346k) | ($2.5m) | $0 | $0 | — | |
| Gain on bitcoin collateral | — | — | — | — | — | ($3.1m) | ($2.6m) | ($1.4m) | $0 | ($92.2m) | — | |
| Stock based compensation | — | $136k | $1.5m | $2.0m | $2.1m | $8.5m | $31.5m | $24.1m | $29.6m | $45.3m | $73.5m | |
| (Gain) loss on disposal of assets | — | — | — | — | ($5k) | $0 | ($643k) | $1.9m | $5.5m | ($336k) | — | |
| Decrease in operating lease liabilities | — | — | — | — | — | ($1.1m) | ($104k) | ($70k) | ($287k) | ($1.1m) | — | |
| Increase Decrease In Other Long Term Assets | — | — | — | — | — | — | — | ($2.9m) | ($2.9m) | ($7.2m) | — | |
| Purchase of fixed assets | ($10k) | ($5k) | ($15k) | ($103k) | ($35k) | ($139.2m) | ($19.3m) | ($61.5m) | ($66.1m) | ($144.7m) | — | |
| Purchase of bitcoin | — | — | — | — | — | — | — | $0 | $0 | ($160.2m) | — | |
| Proceeds from sale of bitcoin and option settlement | — | — | — | — | — | — | $0 | $0 | $43.1m | $378.2m | — | |
| Proceeds from sale of miners | — | — | — | — | — | $0 | $3.5m | $34k | $1.4m | $41.7m | — | |
| Proceeds from sale of derivative contracts | — | — | — | — | — | — | — | $0 | $0 | $9.7m | — | |
| Acquisition of GRIID Infrastructure | — | — | — | — | — | — | — | $0 | $0 | $1.4m | — | |
| Asset acquisition - LaFayette, GA Location | — | — | — | — | — | — | — | $0 | $0 | ($1.4m) | — | |
| Asset acquisition - Twin City, GA Location | — | — | — | — | — | — | — | $0 | $0 | ($5.5m) | — | |
| Asset Acquisition - Tennessee Locations | — | — | — | — | — | — | $0 | $0 | ($18.4m) | ($8.1m) | — | |
| Asset Acquisition - Wyoming Locations | — | — | — | — | — | — | $0 | $0 | ($25.9m) | $0 | — | |
| Asset acquisition - LN Energy | — | — | — | — | — | — | $0 | $0 | ($25.9m) | $0 | — | |
| Asset Acquisition - Mississippi Locations | — | — | — | — | — | — | $0 | $0 | ($19.8m) | $0 | — | |
| Asset acquisition - Dalton, GA Locations | — | — | — | — | — | — | — | ($9.4m) | ($3.6m) | $0 | — | |
| Asset acquisition - Land in Sandersville, GA | — | — | — | — | — | — | $0 | ($1.4m) | ($1.0m) | $0 | — | |
| Acquisition of Mawson | — | — | — | — | — | $0 | ($3.4m) | ($22.5m) | $0 | $0 | — | |
| Notes receivable from GRIID | — | — | — | — | — | — | $0 | $0 | ($60.9m) | $0 | — | |
| Purchase of treasury stock | — | — | — | — | — | — | — | $0 | $0 | ($145.0m) | — | |
| Payments for capped call | — | — | — | — | — | — | — | $0 | $0 | ($90.3m) | — | |
| Payments on finance leases | — | — | — | — | — | ($289k) | ($432k) | ($301k) | ($93k) | ($25k) | — | |
| Payments of taxes on shares withheld for net settlement of restricted stock units | — | — | — | — | — | — | $0 | ($5.6m) | ($22.7m) | ($4.0m) | — | |
| Proceeds from exercise of options and warrants | — | — | $45k | $4k | — | $3.8m | $817k | $0 | $753k | $922k | — | |
| Proceeds from equity offerings, net | — | — | — | — | $4.0m | $270.7m | $125.0m | $383.8m | $1.2b | $186.8m | — | |
| Cash paid for interest | — | $2k | $107k | $55k | $14k | $156k | $1.0m | $2.9m | $2.1m | $8.9m | — | |
| Shares issued for settlement of contingent consideration related to business acquisition | — | — | — | — | — | — | $150k | $2.8m | $0 | $0 | — | |
| Receivable for equity proceeds | — | — | — | — | — | — | $2.0m | $9.6m | $0 | $0 | — | |
| Shares withheld for net settlement of restricted stock units related to tax withholdings | — | — | — | — | — | $0 | $1.6m | $5.9m | $22.6m | $2.4m | — | |
| Fixed assets purchased through finance transactions | — | — | — | — | — | $0 | $212k | $493k | $7.2m | $1.5m | — | |
| Miners and derivatives purchased with bitcoin | — | — | — | — | — | — | — | $0 | $0 | $80.9m | — | |
| Software purchased with bitcoin | — | — | — | — | — | — | $0 | $229k | $541k | $7.0m | — | |
| Shares issued in connection with GRIID Acquisition | — | — | — | — | — | — | — | $0 | $0 | $60.7m | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | $139.9m | $357.9m | $1.2b | $688.9m | $457.1m | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($211.0m) | ($334.2m) | ($920.4m) | ($305.7m) | $240.0m | |
| Cash From Discontinued Financing Activities | — | — | — | — | — | $0 | $0 | $0 | $0 | — | $0 | |
| Cash From Discontinued Investing Activities | — | — | — | — | — | — | $0 | $2.2m | $0 | $0 | $0 | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | $2.4m | $8.8m | $95.1m | ($77.8m) | — | |
| Change In Other Working Capital | — | — | — | — | — | ($69k) | ($2.2m) | ($2.9m) | $462k | — | $462k | |
| Change In Prepaid Assets | — | — | — | — | — | — | ($1.0m) | $2.6m | ($3.4m) | ($5.1m) | $2.3m | |
| Changes In Cash | — | — | — | — | — | — | $2.4m | $8.8m | $95.1m | ($77.8m) | $168.3m | |
| End Cash Position | — | — | — | — | — | — | $20.5m | $29.2m | $124.3m | $46.5m | $206.3m | |
| Financing Cash Flow | — | — | — | — | — | — | $139.9m |
$357.9m
+155.76%
|
$1.2b
+248.99%
|
$688.9m
-44.85%
|
$457.1m
-33.65%
|
|
| Free Cash Flow | — | — | — | — | — | — | ($117.2m) | ($318.1m) | ($1.0b) | ($1.0b) | ($1.0b) | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | ($618k) | ($52.9m) | ($378.0m) | ($764.8m) | $400.2m | |
| Income Tax Paid Supplemental Data | — | — | — | — | — | $0 | $0 | $0 | — | — | — | |
| Investing Cash Flow | — | — | — | — | — | — | ($211.0m) | ($331.9m) | ($920.4m) | ($305.7m) | $240.0m | |
| Net Business Purchase And Sale | — | — | — | — | — | — | ($23.8m) | ($22.5m) | ($18.4m) | ($6.7m) | ($88.2m) | |
| Net Intangibles Purchase And Sale | — | — | — | — | — | $0 | ($225k) | $0 | $0 | — | $0 | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | $10k | $0 | $43.1m | $227.6m | $526.3m | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | ($187.0m) | ($300.9m) | ($806.4m) | ($562.9m) | ($510.9m) | |
| Operating Gains Losses | — | — | — | — | — | — | ($618k) | ($51.0m) | ($374.0m) | ($857.3m) | $317.3m | |
| Other Non Cash Items | — | — | — | — | — | — | $424k | ($1.1m) | $1.6m | $5.2m | — | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | — | $817k | $0 | $753k | $922k | $1.9m | |
| Provisionand Write Offof Assets | — | — | — | — | — | $246k | $810k | $347k | $162k | — | $162k | |
| Purchase Of Business | — | — | — | — | — | — | ($23.8m) | ($22.5m) | ($18.4m) | ($8.1m) | ($50.5m) | |
| Purchase Of Intangibles | — | — | — | — | — | $0 | ($225k) | $0 | $0 | — | $0 | |
| Purchase Of Investment | — | — | — | — | — | $0 | — | $0 | $0 | ($160.2m) | ($250.6m) | |
| Purchase Of PPE | — | — | — | — | — | — | ($190.5m) | ($300.9m) | ($806.4m) | ($562.9m) | ($509.5m) | |
| Sale Of Business | — | — | — | — | — | — | $0 | $0 | $0 | $1.4m | ($37.7m) | |
| Sale Of Investment | — | — | — | — | — | — | $10k | $0 | $43.1m | $387.8m | $776.9m | |
| Sale Of PPE | — | — | — | — | — | $0 | $3.5m | $34k | $1.4m | — | $2.8m | |
| Unrealized Gain Loss On Investment Securities | — | — | — | — | — | — | $2k | $0 | ($113.4m) | ($425.6m) | $320.8m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.