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AI brief of an SEC Form 8-K · CleanSpark (CLSK)

CleanSpark fiscal Q1 revenue up 120% to $162.3 million; net income $246.8 million

Positive Impact 3 of 5 earnings Written later

CleanSpark reported fiscal first-quarter 2025 results for the quarter ended December 31, 2024, with revenue of $162.3 million, up 120% from $73.8 million a year earlier, and net income of $246.8 million, or $0.85 per basic share, compared with $25.9 million, or $0.14, in the prior-year period. The income statement includes a $218.2 million gain on the fair value of bitcoin, and adjusted EBITDA rose to $321.6 million from $69.1 million, which matters to shareholders because the reported profit increase was large relative to the prior year.

Key points

  • Revenue of $162.3 million, up $88.5 million, or 120%, from $73.8 million a year earlier
  • Net income of $246.8 million, or $0.85 per basic share, versus $25.9 million, or $0.14 per basic share
  • Adjusted EBITDA of $321.6 million, up from $69.1 million; the company said it closed a $650 million convertible bond

The filing

CompanyCleanSpark (CLSK)
Form8-K, current report
Filed with the SECFeb 6, 2025, 4:08 PM ET
Accession number0000950170-25-015385

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 6:57 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 06, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.