CleanSpark, Inc., trading as ‘CLSK’ on NASDAQ, is a company with a market capitalization of 263.6 mln USD. Looking at its revenue history throughout 2021-2023, CleanSpark has shown an overall increase in revenue from Dec 2021 to Feb 2023. In Dec 2021, the company reported a revenue of 17.6 mln USD and in Feb 2023, this figure increased to 30.1 mln USD - representing an increase of just over 70%.
The estimated revenue for May 2022 was 75.5 mln USD but the actual reported revenue was 41.6 mln USD - over 45% lower than expected - indicating that the company performed below expectations that quarter.
Overall, the company’s financial position seems to be improving as evidenced by its increasing revenues between December 2021 and February 2023 and should continue to improve if this trend persists going forward. The decrease in estimated vs actual revenues in May 2022 can be attributed to various factors such as economic conditions or internal constraints within the company and it would be interesting to take a deeper look into why this occurred in order to better understand CleanSpark’s financial situation going forward.
