CLSK CRUSHES EARNINGS but.... (Patreon)

I had a feeling CLSK would crush earnings - and they did

Crushes earnings by 300%

But the devil is in the details - see below and down 10% in after-hours (still nothing after the last 2 weeks of rampage )

But missed revenue by 2.3%

Good

• Revenues grew to $168.4 million, an increase of 28% from the prior year.
• The company mined 6,903 bitcoin, almost doubling what it mined last year.
• The company has the strongest balance sheet in its history, with $170 million in liquidity.
• The company is well-positioned for the future, with an efficient fleet, world-class operations, and strong liquidity.

Bad

• The company recognized a net loss of $(136.6) million, an increase of 138% from the prior year.
• Adjusted EBITDA decreased to $25.0 million, a decrease of 55% from the prior year.
• The company incurred an additional $32 million of non-cash expense related to accelerated depreciation.
• The company recognized $7 million of non-cash impairment expense related to its bitcoin balance.