CLSK Earnings (Patreon)

Looks like CLSK was able to utilize new FASB accounting practices to show fair market value of their Bitcoin position. It is up to $11 in after hours.

What is even more stunning is they disclosed in their Q3 report that all-in costs (energy, depreciation & financing) were less than $44K/BTC at wholly owned sites. At $90k Bitcoin, they are making ~$46k/coin profit! They are mining around 650 BTC a month is $30M a month in profit... I still hold all my CLSK

As I have stated per my models, this is the leanest and meanest miner....

From CLSK themselves

*Quarterly revenue: $162.3 million (up 120% from prior year)

*Quarterly net income: $241.7 million

*Basic EPS: $0.85

*Marginal cost per coin decrease of 6% to ~$34,000 at owned facilities

They hope to achieve 50 EH/s in the first half of 2025.

RTQuote