Company: CLSKW
Filing Date: 2025-02-06
Form Type: 10-Q
Source: 0000950170-25-015470
Chunk: 2

Company: CLEANSPARK, INC.
Filing Date: 2025-02-06
Form: 10-Q
Item: Item 1
Chunk 2
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shares authorized;    Series A shares; 2,000,000 authorized; 1,750,000 issued and outstanding        (liquidation preference $0.02 per share)    Series X shares; 0 and 1,000,000 authorized, issued and outstanding,        respectively

    2

    3

    Common stock; $0.001 par value; 600,000,000 and 300,000,000 shares authorized; 292,566,230 and 270,897,784 shares issued; 280,806,295 and 270,897,784 shares outstanding, respectively

    293

    271

    Additional paid-in capital

    2,403,409

    2,239,367

    Accumulated other comprehensive income

    450

    418

    Accumulated deficit

    (237,568
    )

    (479,218
    )

    Treasury stock at cost; 11,759,935 and 0 shares held, respectively

    (145,000
    )

    —

    Total stockholders' equity

    2,021,586

    1,760,841

    Total liabilities and stockholders' equity
     
    $
    2,779,292

    $
    1,962,662

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

F-2

CLEANSPARK, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME

(Unaudited, in thousands, except per share and share amounts)

    For the three months ended

    December 31,2024

    December 31,2023

    Revenues, net

    Bitcoin mining revenue, net
     
    $
    162,306

    $
    73,786

    Costs and expenses

    Cost of revenues (exclusive of depreciation and amortization shown below)

    70,290

    28,896

    Professional fees

    3,885

    1,572

    Payroll expenses

    20,869

    15,321

    General and administrative expenses

    10,054

    5,003

    (Gain) loss on disposal of assets

    (791
    )