Flash FinanceUS
Market closed S&P 5007,376.86+0.31% Nasdaq24,579.42+1.09% Dow 3051,285.73-0.46% Russell 20002,754.11+0.89% Nasdaq-10026,989.99+1.35% MidCap 4003,602.50+0.56% SmallCap 6001,673.98+0.05% VIX25.64-9.01% 10Y Yield4.86+0.45% Close of Nov 06, 2026
AI brief of an SEC Form 8-K · CleanSpark (CLSK)

CleanSpark revenue rises 62.5% to $181.7 million; quarter swings to $138.8 million loss

Mixed Impact 3 of 5 earnings Written later

CleanSpark reported results for the fiscal second quarter ended March 31, 2025. Revenue rose 62.5% year over year to $181.7 million, but the company posted a net loss of $138.8 million, or $0.49 per basic share, compared with net income of $126.7 million, or $0.59 per share, a year earlier. The filing attributes much of the swing to a $127.7 million loss on the fair value of bitcoin, and adjusted EBITDA fell to a loss of $57.8 million from $181.8 million.

Key points

  • Quarterly revenue was $181.7 million, up $69.9 million, or 62.5%, from $111.8 million a year earlier.
  • Net loss was $138.8 million, or $0.49 per basic share, versus net income of $126.7 million, or $0.59 per share, in the prior-year quarter.
  • Loss on fair value of bitcoin was $127.7 million in the quarter, compared with a $119.7 million gain a year earlier.
  • As of March 31, 2025, cash was $97.0 million, bitcoin holdings were $979.6 million, and total long-term debt was $641.7 million.

The filing

CompanyCleanSpark (CLSK)
Form8-K, current report
Filed with the SECMay 8, 2025, 4:08 PM ET
Accession number0000950170-25-066936

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 6:58 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 May 08, 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.