Stock Track | CleanSpark Plunges 5.10% as Fiscal 2024 Earnings Miss Estimates Despite Revenue Growth

Stock Track12-03

CleanSpark Inc. (CLSK) stock experienced a 5.10% plunge in the pre-market session on Monday, following the company's fiscal 2024 earnings release. Despite reporting record-breaking revenue growth of 125% year-over-year to $378.9 million, CleanSpark missed analysts' estimates for both earnings per share (EPS) and revenue.

The Bitcoin mining company reported a net loss of $145.8 million or $0.69 per share for the fiscal year ended September 30, 2024, wider than analysts' expectations of a loss of $0.49 per share. Revenue also fell short of the consensus estimate, coming in at $379 million compared to the projected $394.9 million.

While CleanSpark's adjusted EBITDA surged to $245.8 million, up from $25.0 million in the prior fiscal year, the missed earnings and revenue targets appeared to weigh on investor sentiment. The company's CEO, Zach Bradford, highlighted CleanSpark's sustained growth trajectory and its position as one of the top Bitcoin miners in the world, anticipating a new bull market ahead.

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(CLSK) stock experienced a 5.10% plunge in the pre-market session on Monday, following the company's fiscal 2024 earnings release. Despite reporting record-breaking revenue growth of ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CLSK","symbol_name":"CleanSpark, Inc.","start_time":0,"source_url":"","article_id":"1124137554","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1124137554","pubTimestamp":1733218005,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"CleanSpark Inc.  stock experienced a 5.10% plunge in the pre-market session on Monday, following the company's fiscal 2024 earnings release. Despite reporting record-breaking revenue growth of 125% year-over-year to $378.9 million, CleanSpark missed analysts' estimates for both earnings per share  and revenue.The Bitcoin mining company reported a net loss of $145.8 million or $0.69 per share for the fiscal year ended September 30, 2024, wider than analysts' expectations of a loss of $0.49 per sh","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"CLSK":"CleanSpark, Inc."},"translate_title":"尽管收入增长，但2024财年盈利未达预期，CleanSpark股价暴跌5.10%","themeId":"7e6d1cd94183cf178e99bc116d1feefb","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CLSK":1},"content_text":"CleanSpark Inc. (CLSK) stock experienced a 5.10% plunge in the pre-market session on Monday, following the company's fiscal 2024 earnings release. 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