Overview

* CleanSpark ( CLSK ) fiscal Q3 rev grows 91% yr/yr to $198.6 mln

* Adjusted EBITDA beats analyst expectations, reflecting strong operational efficiency

* Net income reaches $257.4 mln, with record basic EPS of $0.90

Outlook

* CleanSpark ( CLSK ) aims to expand market share in bitcoin production

* CleanSpark ( CLSK ) emphasizes vertically integrated model for leadership

* Company plans to leverage operational playbook for expansion

Result Drivers

* HASHRATE MILESTONE - CleanSpark ( CLSK ) reached 50 EH/s of operational hashrate, becoming the first public company to achieve this with American infrastructure, per CEO Zach Bradford

* TREASURY GROWTH - The company expanded its bitcoin treasury to over $1 bln without raising capital through equity offerings since November 2024

* DERIVATIVES STRATEGY - CleanSpark's ( CLSK ) new Digital Asset Management team derivatives strategy began producing promising early returns, according to CFO Gary A. Vecchiarelli

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 $198.64

Bitcoin mln

Mining

Revenue

Q3 Net $257.39

Income mln

Q3 Beat $377.70 $99.30

Adjusted mln mln (9

EBITDA Analysts

)

Q3 $246.16

Operatin mln

g Income

Q3 $275.50

Pretax mln

Profit

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the blockchain & cryptocurrency peer group is "buy"

* Wall Street's median 12-month price target for CleanSpark Inc ( CLSK ) is $20.13, about 45.3% above its August 6 closing price of $11.00

* The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 7 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)