CleanSpark: Fiscal First Quarter Earnings Overview

CleanSpark Reports Significant First-Quarter Loss

CleanSpark, Inc., headquartered in Henderson, Nevada, announced on Thursday that it experienced a net loss of $378.7 million during its fiscal first quarter.

The company reported a loss of $1.35 per share. When excluding one-time expenses and asset write-downs, the adjusted loss was 10 cents per share.

These figures were below analyst expectations. According to a survey by Zacks Investment Research, four analysts had anticipated a loss of 8 cents per share.

CleanSpark's revenue for the quarter reached $181.2 million, which also missed projections. Analysts surveyed by Zacks had predicted revenue of $185.1 million.

This article was produced by Automated Insights using information from Zacks Investment Research.