CLEANSPARK, INC. CLSK
CleanSpark is a data center developer, until recently focused exclusively on bitcoin mining. We independently own, lease and operate a large portfolio of data centers and power assets across the United States with locations in Georgia, Tennessee, Mississippi and Wyoming for a total contracted power capacity of approximately 1,027 megawatts ("MW") as of September 30, 2025. We intend to continue our growth in these regions and are actively developing plans for additional capacity in these states and other domestic regions. We have no intention to mine, purchase or hold any crypto assets other than bitcoin at this time or in the foreseeable future, and we did not hold any other crypto asset as of September 30, 2025.
Last close
7.88
2026-10-23
Market cap
$2.02B
2026-06-30 share count
52-week range
7.82 - 20.86
Valuation FY2025 figures against the last close
P/S2.6x
P/E—
P/FCF—
EV/EBITDA3.9x
Dividend yield—
Diluted EPS—
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $766.3M | $379.0M | $168.4M | $131.5M | $39.3M | $10.0M | $3.8M | $578.6K | $448.0K | $82.0K |
| Cost of revenue | $343.1M | $165.5M | $93.6M | $41.2M | $5.3M | $7.9M | $3.9M | $390.8K | $296.3K | $31.3K |
| Gross profit | $423.2M | $213.5M | $74.8M | $90.3M | $34.0M | $2.1M | $671.7K | $187.9K | $151.7K | $50.8K |
| R&D | — | — | — | — | — | — | — | $7.2K | $591 | $1.8K |
| SG&A | $52.6M | $30.2M | $20.8M | $10.4M | $5.7M | $1.1M | $917.3K | $279.7K | $365.8K | $86.1K |
| Total operating expenses | $447.4M | $528.0M | $299.5M | $169.4M | $51.2M | $25.2M | $17.3M | $7.3M | $13.5M | $2.6M |
| Operating income | $318.9M | -$149.0M | -$131.0M | -$37.9M | -$11.9M | -$15.1M | -$16.6M | -$7.1M | -$13.4M | -$2.5M |
| Interest expense | $11.3M | $2.5M | $3.0M | $1.1M | $145.7K | $10.8M | $9.5M | $924.5K | $2.9K | $32 |
| Pre-tax income | $364.5M | -$145.8M | -$133.7M | -$40.1M | -$8.2M | — | — | — | -$58.9K | -$1.5M |
| Income tax | $39.1M | $3.3M | $2.4M | $0 | $0 | — | — | — | $13.4M | $1.1M |
| Net income | $364.5M | -$145.8M | -$138.1M | -$57.3M | -$21.8M | -$23.3M | -$26.1M | -$47.0M | -$13.5M | -$2.5M |
| EPS, basic | — | — | -1.30 | — | — | — | -6.25 | -13.62 | -0.42 | -0.11 |
| EPS, diluted | — | — | -1.30 | — | -0.75 | -2.44 | -6.25 | — | — | — |
| Shares, diluted (wtd. avg.) | 317.8M | 216.9M | 102.7M | 42.6M | 29.4M | 9.6M | 4.2M | 3.5M | 32.2M | 22.5M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $43.0M | $121.2M | $29.2M | $20.5M | $18.0M | $3.1M | $7.8M | $412.8K | $57.1K | $436.5K |
| Receivables | — | — | $5.0K | $27.0K | $307.1K | $859.8K | $777.7K | $34.1K | $41.9K | $57.1K |
| Total current assets | $1.32B | $705.4M | $102.2M | $50.8M | $57.7M | $8.3M | $9.9M | $548.4K | $128.6K | $604.4K |
| Property, plant and equipment | $1.36B | $869.7M | $564.4M | $376.8M | $137.6M | $118.0K | $145.1K | $86.7K | $125.4K | $783.0K |
| Goodwill | $131.7M | $8.0M | $8.0M | $0 | $12.0M | $5.9M | $4.9M | $4.9M | $4.9M | $4.9M |
| Other intangibles | $5.8M | $3.0M | $4.6M | $6.5M | $8.2M | $7.0M | $7.4M | — | — | — |
| Total assets | $3.18B | $1.96B | $761.6M | $452.6M | $317.5M | $22.3M | $23.4M | $17.6M | $20.8M | $33.0M |
| Accounts payable | $15.2M | $83.0M | $39.9M | $24.7M | $7.0M | $4.5M | $848.8K | $131.7K | $143.2K | $291.2K |
| Short-term debt | — | — | — | — | — | $531.2K | $150.0K | $69.1K | $150.0K | — |
| Total current liabilities | $315.8M | $187.9M | $74.1M | $34.0M | $10.1M | $5.4M | $1.5M | $1.3M | $301.3K | $357.4K |
| Long-term debt | $644.6M | $7.2M | $8.9M | $13.4M | — | — | — | — | — | — |
| Total liabilities | $1.01B | $201.8M | $85.9M | $48.6M | $11.8M | $5.9M | $4.5M | $1.5M | $451.3K | $357.4K |
| Retained earnings | -$125.9M | -$479.2M | -$334.2M | -$196.1M | -$138.4M | -$116.4M | -$93.1M | -$66.9M | -$19.9M | -$6.4M |
| Total equity | $2.18B | $1.76B | $675.7M | $404.0M | $305.7M | $16.4M | $18.9M | $16.1M | $20.3M | $32.7M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$461.0M | -$233.7M | -$17.2M | $73.5M | -$24.0M | -$6.6M | -$5.7M | -$1.3M | -$1.4M | -$438.2K |
| Depreciation and amortisation | $348.3M | $154.6M | $120.7M | $49.0M | $9.3M | $68.9K | $44.4K | $855.0K | $2.3M | $578.5K |
| Stock-based compensation | $45.3M | $29.6M | $24.1M | $31.5M | $8.5M | $2.1M | $2.0M | $1.5M | $135.5K | — |
| Capital expenditure | $144.7M | $66.1M | $61.5M | $19.3M | $139.2M | $34.9K | $102.8K | $15.2K | $5.1K | $9.7K |
| Investing cash flow | -$305.7M | -$920.4M | -$331.9M | -$211.0M | -$229.2M | -$2.4M | -$674.0K | -$419.2K | -$126.3K | -$20.9K |
| Financing cash flow | $688.9M | $1.25B | $357.9M | $139.9M | $268.1M | $4.3M | $13.8M | $2.0M | $1.1M | $807.0K |
| Buybacks | $145.0M | $0 | $0 | — | — | — | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-25-297510.
Plot the figures US dollars
Income statement
Revenue
Cost of revenue
Gross profit
R&D
SG&A
Total operating expenses
Operating income
Interest expense
Pre-tax income
Income tax
Net income
EPS, basic
EPS, diluted
Shares, diluted (wtd. avg.)
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $82.0K | $448.0K | $578.6K | $3.8M | $10.0M | $39.3M | $131.5M | $168.4M | $379.0M | $766.3M |
| Gross profit | $50.8K | $151.7K | $187.9K | $671.7K | $2.1M | $34.0M | $90.3M | $74.8M | $213.5M | $423.2M |
| Net income | -$2.5M | -$13.5M | -$47.0M | -$26.1M | -$23.3M | -$21.8M | -$57.3M | -$138.1M | -$145.8M | $364.5M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Results announced Item 2.02
- Shareholder rights changed The terms attaching to the shares themselves have changed. Item 3.03
- Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
- Other event Item 8.01
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 6199
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| SYF | Synchrony Financial | $23.96B | 7.9x | — |
| CRCL | Circle Internet Group, Inc. | $21.32B | — | 624.0% |
| SOFI | SoFi Technologies, Inc. | $18.88B | 37.5x | 23.1% |
| BMNR | BITMINE IMMERSION TECHNOLOGIES, INC. | $13.51B | 1.7x | 84.1% |
| CHYM | Chime Financial, Inc. | $11.23B | — | 30.7% |