CleanSpark reports Q2 EPS (49c) vs. 59c last year

Reports Q2 revenue $181.7M, consensus $186.55M. “This was a quarter defined by discipline, scale, and continued strategic clarity,” said Zach Bradford, CleanSpark’s (CLSK) CEO. “As other players shift direction or decelerate growth, CleanSpark has doubled down on being the only remaining pure-play, public bitcoin miner. We believe that focus matters now more than ever, and we remain on track to reach our 50 EH/s target during June, all while growing our bitcoin treasury, strengthening the balance sheet, and prioritizing long-term stockholder value…” “Our results reflect the operating leverage that comes with scale, paired with disciplined cost control,” said Gary Vecchiarelli, CFO. “We continued to invest in strategic and accretive expansion without relying on dilutive capital, as demonstrated by our expanded revolving line with Coinbase. Additionally, we maintain one of the most efficient cost structures in the industry. Our Digital Asset Management group made meaningful progress during the quarter and is preparing to optimize our treasury, positioning bitcoin as both a productive asset and a source of strength on our balance sheet. These efforts reinforce our long-term focus: scale with discipline, capital efficiency, and stockholder value.”