← 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $82k |
$448k
+446.09%
|
$579k
+29.17%
|
$4.5m
+683.36%
|
$10.0m
+121.25%
|
$49.4m
+392.97%
|
$131.5m
+166.04%
|
$168.4m
+28.04%
|
$379.0m
+125.03%
|
$766.3m
+102.21%
|
$679.2m
-11.36%
|
|
| Bitcoin mining revenue, net | — | — | — | — | $0 | $38.8m | $131.0m | $168.1m | $379.0m | $766.3m | — | |
| Other services revenue | — | — | — | — | $1.0m | $1.6m | $525k | $287k | $0 | $0 | — | |
| Cost of revenues (exclusive of depreciation and amortization shown below) | $31k |
$296k
+847.72%
|
$391k
+31.89%
|
$3.9m
+888.06%
|
$7.9m
+104.81%
|
$14.0m
+76.59%
|
$41.2m
+195.27%
|
$93.6m
+126.95%
|
$165.5m
+76.87%
|
$343.1m
+107.29%
|
$488.4m
+42.36%
|
|
| Gross Profit | $51k |
$152k
+198.75%
|
$188k
+23.86%
|
$672k
+257.55%
|
$2.1m
+215.75%
|
$35.5m
+1572.60%
|
$90.3m
+154.53%
|
$74.8m
-17.13%
|
$213.5m
+185.26%
|
$423.2m
+98.27%
|
$190.8m
-54.91%
|
|
| General and administrative expenses | $86k | $366k | $280k | $917k | $1.1m | $5.3m | $10.4m | $20.8m | $30.2m | $52.6m | $90.2m | |
| Total costs and expenses | — | — | — | — | $25.2m | $78.0m | $169.4m | $299.5m | $528.0m | $447.4m | $549.3m | |
| Interest expense | $32 | $3k | ($12k) | ($9.5m) | ($10.8m) | ($154k) | ($1.1m) | ($3.0m) | ($2.5m) | ($11.3m) | $12.8m | |
| Interest income | — | — | — | — | $309k | $221k | $191k | $481k | $8.6m | $4.1m | $7.7m | |
| Realized gain on sale of bitcoin | — | — | — | — | — | ($3.1m) | ($2.6m) | ($1.4m) | $0 | $0 | — | |
| Other income (expense) | ||||||||||||
| Total other income (expense) | $689 | $8.7m | ($39.9m) | ($9.5m) | ($8.2m) | $6.8m | ($2.2m) | ($260k) | $6.6m | $84.6m | — | |
| Income (loss) before income tax expense (benefit) | — | — | — | — | ($23.3m) | ($21.8m) | ($40.1m) | ($131.3m) | ($142.4m) | $403.6m | — | |
| Income tax expense | — | — | — | — | — | $0 | $0 | $0 | $0 | $39.1m | ($29.4m) | |
| Net income (loss) | ($2.5m) |
($13.5m)
-431.32%
|
($47.0m)
-248.23%
|
($26.1m)
+44.44%
|
($23.3m)
+10.61%
|
($21.8m)
+6.57%
|
($57.3m)
-162.82%
|
($136.6m)
-138.27%
|
($145.8m)
-6.73%
|
$364.5m
+350.01%
|
($1.0b)
-382.12%
|
|
| Net income (loss) attributable to common shareholders | ($2.5m) | ($13.5m) | ($47.0m) | ($16.6m) | ($15.1m) | ($21.8m) | ($57.7m) | ($136.6m) | ($149.2m) | $353.3m | ($1.0b) | |
| Preferred stock dividends | — | — | — | — | — | $178k | $335k | $0 | $3.4m | $11.1m | $30.4m | |
| Weighted average common shares outstanding - Basic | 22.5m | 32.2m | 34.5m | 4.2m | 9.6m | 29.4m | 42.6m | 102.7m | 216.9m | 282.2m | — | |
| Weighted average common shares outstanding - Diluted | — | — | — | — | — | 29.4m | 42.6m | 102.7m | 216.9m | 317.8m | — | |
| Professional fees | $1.9m | $1.0m | $1.3m | $4.8m | $6.5m | $8.3m | $6.5m | $10.9m | $13.8m | $13.8m | — | |
| Payroll expenses | — | — | — | — | — | $21.2m | $40.9m | $45.7m | $74.1m | $104.4m | — | |
| (Gain) loss on disposal of assets | $721 | ($13k) | — | — | ($5k) | $0 | ($643k) | $1.9m | $5.5m | ($336k) | — | |
| Gain on fair value of bitcoin, net | — | — | — | — | — | — | $0 | $0 | ($113.4m) | ($425.6m) | — | |
| Depreciation and amortization | $578k | $3.3m | $855k | $1.9m | $2.7m | $12.2m | $49.0m | $120.7m | $154.6m | $348.3m | $441.6m | |
| Indirect tax contingency expenses | — | — | — | — | — | — | — | $0 | $0 | $11.1m | — | |
| Impairment expense - bitcoin | — | — | — | — | — | $6.6m | $12.2m | $7.2m | $0 | $0 | — | |
| Impairment expense - fixed assets | — | — | — | — | — | — | $0 | $0 | $197.0m | $0 | — | |
| Impairment expense - other | — | — | — | — | — | $0 | $250k | $0 | $716k | $0 | — | |
| Income (loss) from operations | ($2.5m) |
($4.8m)
-89.44%
|
($7.1m)
-46.98%
|
($16.6m)
-134.79%
|
($15.1m)
+8.85%
|
($28.6m)
-88.71%
|
($37.9m)
-32.50%
|
($131.0m)
-246.08%
|
($149.0m)
-13.74%
|
$364.5m
+344.54%
|
($358.4m)
-198.35%
|
|
| Gain on fair value of contingent consideration | — | — | — | — | — | $84k | $306k | $2.5m | $0 | $0 | — | |
| Gain on bitcoin collateral | — | — | — | — | — | — | — | $0 | $1.5m | $92.2m | — | |
| Loss on derivative securities, net | — | — | — | — | $2.1m | $2.8m | ($1.9m) | ($259k) | ($965k) | ($1.5m) | — | |
| (Loss) from discontinued operations | — | — | — | — | — | ($13.6m) | ($17.2m) | ($4.4m) | $0 | $0 | — | |
| (Loss) on discontinued operations | — | — | — | — | — | ($13.6m) | ($17.2m) | ($4.4m) | $0 | $0 | — | |
| Other comprehensive (loss) income, net of tax | — | — | — | — | — | — | $115k | $116k | $192k | ($418k) | — | |
| Income (loss) from continuing operations per common share - basic | — | — | — | — | — | ($0) | ($1) | ($1) | ($1) | $1 | — | |
| Income (loss) from continuing operations per common share - diluted | — | — | — | — | — | ($0) | ($1) | ($1) | ($1) | $1 | — | |
| (Loss) on discontinued operations per common share - basic | — | — | — | — | — | ($0) | ($0) | ($0) | $0 | $0 | — | |
| (Loss) on discontinued operations per common share - diluted | — | — | — | — | — | ($0) | ($0) | ($0) | $0 | $0 | — | |
| Total comprehensive income (loss) attributable to common shareholders | — | — | — | — | ($23.3m) | ($22.0m) | ($57.5m) | ($136.5m) | ($149.0m) | $352.9m | — |