Big CLSK News - No More DILUTION! (Patreon)

Great news re CLSK.... time to look at my long and short CLSK positions of which I have many. 

The BIG NEWS

• The Company's operating hashrate surpassed 9 EH/s, indicating a threefold increase year over year.
• CleanSpark has achieved a fully funded expansion to 16 EH/s, encompassing miners, facilities, and infrastructure.
• They can probably HODL BTC now... no need to sell 

Other Financials - note CLSK third quarter FY2023 ended on June 30, 2023. 

Q3 Financial Highlights:

1. Revenue: Achieved record revenue of $45.5 million, showing a substantial increase of $14.5 million (47%) compared to the same period in the prior year.
2. Net Loss: Reported a net loss of $(14.2) million for the quarter, marking an improvement compared to a net loss of $(29.3) million for the same quarter in the previous year.
3. Adjusted EBITDA: Recorded an Adjusted EBITDA of $13.3 million, a significant increase from $5.1 million in the same period of the prior year.
4. Sequential Revenue Growth: Witnessed a sequential revenue increase of $3 million (7%) compared to the previous fiscal quarter, ended March 31, 2022.
5. Net Loss Improvement: The net loss of $(14.2) million in the third quarter was an improvement of $4.3 million compared to the net loss of $(18.5) million in the preceding second quarter.
6. Adjusted EBITDA Growth: The third-quarter Adjusted EBITDA of $13.3 million represented a growth of $600 thousand (5%) compared to the second quarter's $12.7 million.

Balance Sheet Highlights as of June 30, 2023:

1. Assets:Cash: $21.8 million
   Bitcoin Holdings: $13.9 million
   Total Current Assets: $52.7 million
   Total Mining Assets (including prepaid deposits & miners, net of accumulated depreciation): $441.8 million
   Total Assets: $652.8 million
   
2. Liabilities and Stockholders' Equity:Current Liabilities: $37.4 million
   Total Liabilities: $49.2 million
   Total Stockholders' Equity: $603.6 million