CleanSpark reports Q1 EPS 14c, consensus (24c)

Reports Q1 revenue $73.8M, consensus $70.41M. “This quarter’s performance is a powerful reminder of what we’re capable of when we channel our collective efforts towards a common goal. Importantly, it sets the stage for what’s to come,” said CEO Zach Bradford. “In a single quarter we have covered nearly half the distance to reach our total revenue from last year. We beat all consensus estimates across the board, including revenue, EPS, and profitability…As we move forward, our eyes are set on harnessing our momentum to further accelerate our growth and continue delivering unmatched value to our stakeholders as we work to execute on our commitment of 20 exahashes per second in the first half of this year.” CFO Gary Vecchiarelli said, “To present these results, to have demonstrated exponential growth, and to have secured our path to 50 exahashes per second while exceeding all market expectations is proof that the CleanSpark Way is working. I’m extremely proud of the growth that we’ve accomplished as a team. We’re well positioned for the halving, and we have the liquidity and balance sheet strength to enable us to continue to not only survive, but to thrive into the halving and beyond.”