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Down only 16cents in ahrs

TLDR

Earnings beat

Revenue miss

$CLSK Q3 FY2024:

-Revenue of $104.1 million

-Net loss of ($236.2) million

-Adjusted EBITDA of ($12.7) million

-Revenue grows 129% year over year

-Current hashrate surpasses 22 EH/s

-Partners with Coinbase on $50 million line of credit

Also, Zach (CLSK) just reported they’re acquiring more liquid cooled miners.

32 EH/s by year end. Just achieved 22.3 EH/s last night.

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Comments

ScrawnyBeetle

So negative ppl. If you want a miner plate tell me the alternative

BA Blackwolf

earnings was a bad miss not a beat

believer

Lambo on hold....for now. 😅 holding all my CLSK until 2025+

Paul

So James,after repeatedly positioning CLSk as the winner take all miner and signalling a $50 exit price possibility where are you seeing this going, and what learning can share in retrospect around the delay in earnings?

JNC

Pretty sure the loss is a depreciation accounting impairment due to swapping to newer rigs sooner. They didn’t need to do this now and therefore wouldn’t show the accounting loss but have done this to get more efficient miners operational as soon as possible. Good move in my view.

Kyle

I thought the call was really good and positive. Showing the long term roadmap to 32 e/h and that it's all but in the bag is awesome. Remember, when $13 was the high in Jan they only had 10 e/h. CLSK will have 3 times that by Dec meaning they could easily pump above $30.

JNC

Also remember though that januarys EH were pre halving. We now are post halving so rewards are cut. I’m bullish CLSK, if they hit their EH goal and BTC cooperates, we will see significant price increases from today and everyone will be back in love with this stock. Time will tell, most of it depends on BTC

Chewie

Nothing burger. May add more Monday

Elias G

All the miners are down. I have same plan as Skelly, as this BTC bull starts to peak, I'm flipping CLSK to TSLA. It's been my plan all along. We see if it pans out. I just hoping it runs faster than TSLA.

BTCMiike

Anybody that thinks BTC will hit even 100,000 in 2024-2025 which is the low estimate will be glad they are holding CLSK. I am also down but will just tough it out and in time we should be ok. GL2ALL

Erwin Masusu

So the delay was mainly due to a change in the auditing company.

Shadowfax Rider

I know this may be wishful thinking, but I hope TSLA stays around the $200 mark until I flip my CLSK into it.