Q2 2025 CleanSpark Inc Earnings Call Transcript

May 8, 2025 / 08:30 PM GMT

Transcript 10-Q8-K

Key Points

Positve

Cleanspark Inc (CLSK) reported a 12% quarter-over-quarter revenue increase and a 62.5% increase compared to the same period last year.
The company achieved a gross margin of 53%, demonstrating strong operational efficiency.
Cleanspark Inc (CLSK) has a total liquidity position of over $1 billion, providing financial flexibility.
The company has strategically shifted from a near 100% hodl strategy to using a portion of Bitcoin production to support operations, avoiding equity dilution.
Cleanspark Inc (CLSK) has secured infrastructure to support growth beyond 60 exahash, positioning it well for future expansion.

Negative

Cleanspark Inc (CLSK) reported a net loss of $138.8 million, primarily due to a decrease in Bitcoin's market value.
The marginal cost per Bitcoin increased by 26% over the first quarter, driven by rising power prices and mining difficulty.
The company faces challenges from rising energy prices and increasing mining difficulty, impacting operational costs.
Cleanspark Inc (CLSK) has a total debt of $647.2 million, which could pose financial risks if not managed carefully.
The company is exposed to potential tariff risks, although it has taken steps to mitigate these through proactive procurement.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

CLSK.OQ - CleanSpark Inc
Q2 2025 CleanSpark Inc Earnings Call
May 08, 2025 / 08:30PM GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon. My name is Jeannie and I will be your conference operator today. At this time, I would like to welcome everyone to the Clean Spark fiscal year 2nd quarter 2025 earnings conference call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you'd like to ask a question during this time, simply press 1.

On your telephone keypad. In order to withdraw your question, simply press one again.

Thank you, Harry, you may begin your conference.

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Unidentified_2 [2]
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