NASDAQ$CLSK
Cleanspark Inc · Q1 2025 earnings
Q1 2025 earnings · · After market close · Investor relations
Briefing
CleanSpark reported strong financial results for the first quarter of fiscal year 2025, with significant increases in revenue and net income.
CleanSpark, Inc. announced a robust first quarter for fiscal year 2025, with revenues soaring to $162.3 million, a 120% increase year-over-year, and net income reaching $241.7 million. The company also reported a basic EPS of $0.85 and a decrease in marginal cost per coin to approximately $34,000 at owned facilities.
- Quarterly revenues were $162.3 million, an increase of 120% from the prior year.
- Net income for the quarter was $241.7 million, or $0.85 per basic share.
- Marginal cost per coin decreased by 6% to approximately $34,000 at owned facilities.
- Adjusted EBITDA increased to $321.6 million from $69.1 million in the same period a year ago.
Headline financials
Revenue & EPS history
Cleanspark · Revenue · Quarterly
$162M
Revenue by segment
Cleanspark · $52.5M total across 1 segment · Q4 2023
- Bitcoin mining revenue$52.5M—100.0%
Forward guidance
CleanSpark anticipates continued growth, aiming to achieve 50 EH/s in the first half of 2025 through expansion and greenfield projects in existing and new regions.
Tailwinds
- Expects to achieve 50 EH/s in the first half of 2025.
- Growth will occur in existing communities through expansion and greenfield projects.
- Replicating regional expansion strategy nationally.
- Utilizing institutional grade bitcoin treasury team and strategy.
- Continued investment in self-mining bitcoin at a lower cost than spot prices.
Headwinds
- Risk that electrical power available to facilities does not increase as expected.
- Volatile and unpredictable cycles in the emerging and evolving industries.
- Increasing difficulty rates for bitcoin mining.
- New or additional governmental regulation.
- Dependency on utility rate structures and government incentive programs.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2025
+3.2%
Avg return
Earnings day
+5.9%
Avg return
5 days after
+7.0%
Avg return
30 days after
46%
18 / 39 earnings
Positive
+49.8%
Q1 2024
Best reaction
-16.3%
Q3 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | -0.6% | -3.2% | +18.5% | |
| Q1 2026 | +22.0% | +16.4% | +11.4% | |
| Q4 2025 | +15.7% | +19.1% | -7.7% | |
| Q2 2025 | +6.1% | +10.7% | +12.8% | |
| Q1 2025 | +9.2% | +1.3% | -14.9% | |
| Q4 2024 | -2.8% | +4.3% | -35.8% | |
| Q3 2024 | -8.7% | -10.1% | -33.9% | |
| Q2 2024 | -4.9% | -6.2% | -4.8% | |
| Q1 2024 | +49.8% | +70.7% | +117.4% | |
| Q4 2023 | +15.9% | +41.3% | +67.4% | |
| Q3 2023 | +11.2% | +24.3% | -16.5% | |
| Q2 2023 | -1.2% | +7.7% | -11.0% | |
| Q1 2023 | -13.5% | -4.1% | -39.2% | |
| Q4 2022 | -15.2% | -20.5% | +15.2% | |
| Q3 2022 | +21.1% | +21.9% | -8.5% | |
| Q2 2022 | -11.0% | +12.1% | -9.4% | |
| Q1 2022 | +23.8% | +14.5% | +32.0% | |
| Q4 2021 | +2.2% | -4.3% | -33.3% | |
| Q3 2021 | -16.3% | -22.5% | -8.7% | |
| Q2 2021 | +0.7% | -17.7% | -13.8% | |
| Q1 2021 | -0.8% | +3.4% | +5.4% | |
| Q4 2020 | +11.2% | +55.5% | +88.4% | |
| Q3 2020 | +6.7% | +40.3% | +29.8% | |
| Q2 2020 | +10.0% | -10.5% | +23.2% | |
| Q1 2020 | +3.4% | +3.4% | -10.2% | |
| Q4 2019 | +12.7% | +9.8% | -3.7% | |
| Q3 2019 | -5.8% | -2.9% | -12.6% | |
| Q2 2019 | +8.1% | +5.9% | -26.7% | |
| Q1 2019 | -12.7% | -15.5% | +144.4% | |
| Q4 2018 | -5.4% | -33.1% | -55.6% | |
| Q3 2018 | +0.0% | +0.0% | +151.7% | |
| Q2 2018 | +0.0% | +0.0% | -33.9% | |
| Q4 2017 | +0.0% | +0.0% | -34.8% | |
| Q1 2018 | +0.0% | +0.0% | -34.8% | |
| Q3 2017 | +0.0% | +0.0% | +0.0% | |
| Q1 2017 | +1.4% | +1.4% | -14.3% | |
| Q4 2016 | +0.0% | — | — | |
| Q3 2016 | +0.0% | — | — | |
| Q2 2016 | -7.7% | — | — | |
| Q3 2015 | — | — | — | |
| Q2 2015 | — | — | — | |
| Q1 2015 | — | — | — | |
| Q3 2014 | — | — | — | |
| Q1 2014 | — | — | — | |
| Q3 2010 | — | — | — |
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