CleanSpark
Financials
Estimates*
USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
---|---|---|---|---|---|---|---|
Revenues | 10.0m | 49.4m | 132m | 168m | 384m | 700m | 897m |
% growth | 121 % | 393 % | 166 % | 28 % | 128 % | 82 % | 28 % |
EBITDA | (12.2m) | (2.7m) | 33.0m | (2.1m) | 221m | 321m | 202m |
% EBITDA margin | (122 %) | (5 %) | 25 % | (1 %) | 58 % | 46 % | 22 % |
Profit | (23.3m) | (21.8m) | (57.3m) | (137m) | (122m) | 4.7m | (3.3m) |
% profit margin | (233 %) | (44 %) | (44 %) | (81 %) | (32 %) | 1 % | - |
EV / revenue | 21.6x | 8.6x | 1.1x | 3.4x | 6.6x | 2.9x | 2.4x |
EV / EBITDA | -17.7x | -157.8x | 4.5x | -272.8x | 11.5x | 6.3x | 10.8x |
R&D budget | <1m | - | - | - | - | - | - |
R&D % of revenue | 2 % | - | - | - | - | - | - |
Date | Investors | Amount | Round |
---|---|---|---|
N/A | N/A | IPO | |
N/A | $20.0m | Post IPO Equity | |
$470k | Grant | ||
N/A | $200m | Post IPO Equity | |
* | $35.0m | Post IPO Debt | |
Total Funding | AUD726k |
Recent News about CleanSpark
EditCleanSpark is a publicly traded company on NASDAQ that specializes in Bitcoin mining, a process where specialized computers verify transactions on the Bitcoin blockchain. The company operates data centers that primarily use low-carbon power, making it a leader in sustainable Bitcoin mining. This approach not only supports the blockchain technology but also aligns with global efforts to reduce carbon footprints.
CleanSpark's business model revolves around earning Bitcoin as a reward for verifying transactions. This is a crucial service because, without miners like CleanSpark, the decentralized currency system of Bitcoin wouldn't function. The company serves a diverse range of clients, including individual investors, financial institutions, and other entities interested in the cryptocurrency market.
Operating in the rapidly growing cryptocurrency market, CleanSpark differentiates itself through its commitment to sustainability. By leveraging green energy, the company aims to make Bitcoin mining more environmentally friendly. This focus on sustainability helps CleanSpark build trust within the communities it operates and among its employees.
Financially, CleanSpark has been guided through numerous acquisitions and strategic debt financing, resulting in low debt levels. This financial prudence, combined with its innovative approach to Bitcoin mining, positions CleanSpark as a forward-thinking leader in the cryptocurrency space.
In summary, CleanSpark is a Bitcoin mining company that uses sustainable energy to power its operations. It serves a broad range of clients in the cryptocurrency market and makes money by earning Bitcoin through transaction verification. The company is committed to reducing its carbon footprint and building trust within its community.
Keywords: Bitcoin mining, blockchain, cryptocurrency, sustainable energy, low-carbon power, decentralized currency, financial independence, data centers, NASDAQ, green technology.