Adjusted EBITDA 1 improved significantly to $22.5 million, compared to Adjusted EBITDA 1 of $1.9 million from the same prior year period.The Company recognized a net loss for the three months ended March 31, 2022, of $(0.17) million or $(0.00) basic loss per share compared to net income of $7.4 million or $0.28 basic earnings per share for the same prior year period.Revenues for the quarter grew to $41.6 million, an increase of $33.5 million, or 4x, from $8.1 million for the same prior year period.We have not utilized the shelf offering since November and we continue to right size our capital structure through means of non-dilutive capital.'įinancial Results for the Three Months Ended March 31, 2022 As for our capital strategy, our growth capex was funded 100% from the conversion of bitcoin. We continue to make strides in our commitment to ESG principles, most notably by working on attracting and retaining a diverse and highly qualified workforce. We have line-of-sight on 600MW of power, driven in large part by the recent agreement we signed with Lancium at the end of the quarter. 'While the whole industry faced macro headwinds, primarily driven by a lower average bitcoin price, we continued to execute on our infrastructure-first strategy. 'The theme for this quarter has been operational and financial execution,' said Zach Bradford, Chief Executive Officer. (Nasdaq: CLSK) (the 'Company'), a sustainable bitcoin mining and energy technology company, today reported financial results for the three and six months ended March 31, 2022.

LAS VEGAS, /PRNewswire/ - CleanSpark, Inc.

Second quarter revenue of $41.6 million, net loss of $(0.17) million and Adjusted EBITDA of $22.5 million Company continues to execute its strategic plan and make significant headway in mining operations

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