Stock Track | CleanSpark Plunges 5% After-Hours as FY2024 Earnings Miss Expectations

Stock Track12-03

Shares of CleanSpark Inc. (CLSK) plunged more than 5% in the after-hours session on Monday, following the company's fiscal year 2024 earnings report that missed Wall Street's expectations.

The bitcoin mining company reported a net loss of $0.69 per share for the full year, wider than analysts' consensus estimate of a $0.62 per share loss. Additionally, CleanSpark's revenue for FY2024 came in at $378.9 million, falling short of the $397.3 million projected by analysts.

Despite the earnings miss, CleanSpark highlighted its record annual revenue growth of 125% year-over-year. The company also ended the fiscal year with a current hashrate surpassing 33.5 EH/s, on track to reach 37 EH/s by the end of 2024. CleanSpark's management remains optimistic about further scaling up operations in 2025, targeting a hashrate of 50 EH/s and beyond.

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(CLSK) plunged more than 5% in the after-hours session on Monday, following the company's fiscal year 2024 earnings report that missed Wall Street's expectations.\nThe bitcoin...</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":"1194468672","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1194468672","pubTimestamp":1733218000,"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":"Shares of CleanSpark Inc.  plunged more than 5% in the after-hours session on Monday, following the company's fiscal year 2024 earnings report that missed Wall Street's expectations.The bitcoin mining company reported a net loss of $0.69 per share for the full year, wider than analysts' consensus estimate of a $0.62 per share loss. 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