CleanSpark’s Revenue by Segment (2019 – 2022)

Exclusive Data

You need the Pro Plan for unlimited access.

Pro Plan

$49 per month*

60% discount ends in:

00
Days
00
Hours
00
Mins.
00
Seconds

.

Download

About

This statistic highlights CleanSpark’s Revenue by Segment from Q2 2019 onwards, split across Digital currency mining revenue, Energy hardware, software and services revenue, and Other services segments.
Subscribe to Pro or Enterprise plans to unlock this feature.
More information
Subscribe to Pro or Enterprise plans to unlock this feature.
Contact the Analyst
Share on facebook
Share on twitter
Share on linkedin
Share on email
Share on reddit
Share on facebook
Share on twitter
Share on linkedin
Share on email

Become a smarter investor today.

Access Business Quant for as low as $19/month

Become a smarter investor today.

Access KPIs & Segment Financials on US stocks

This statistic highlights CleanSpark’s Revenue by Segment from Q2 2019 onwards, split across Digital currency mining revenue, Energy hardware, software and services revenue, and Other services segments.

CleanSpark’s Revenue by Segment

The following table highlights CleanSpark’s Revenue by Segment:

Segment Q1 2021  Q4 2021  Q1 2022  Contribution in Q1 2022
Digital currency mining revenue $0.73 $22.75 $36.98 89.65%
Energy hardware, software and services revenue $0.44 $5.19 $3.97 9.63%
Other services revenue $1.19 $0.30 0.72%
Total  $2.26 $29.13 $41.24 100.00%

(All figures are in millions, except percentages)

There is a huge spike in the total revenue generated by CleanSpark. On a QoQ basis, the total revenue increased by 41.6%. Even on a YoY basis, there was an increase of 172.6%, which was due to the addition of mining revenue. 

Digital currency mining revenue

This revenue segment includes the revenue generated from bitcoin mining. CleanSpark entered the bitcoin mining industry through its acquisition of ATL in December 2020. Together, with their wholly-owned subsidies – ATL and CleanBlok, the company mines bitcoin, which is their primary source of revenue.

CleanSpark retains a significant portion of the bitcoin they mine, however, it is sold from time to time, to support their operations and strategic growth. They do not engage in regular trading of bitcoin or hedging activities, however, they may, in the event of significant volatility in the market. Their decisions to hold or sell bitcoins are determined by analyzing forecasts and monitoring the market in real-time.

On a QoQ basis, this revenue increased by 62.5%. Even on a YoY basis, there was an increase of 494.4% in the revenue generated from this segment. This huge increase was due to the commencement of mining activities, which was only in Q1 2021.

Energy hardware, software, and services revenue

This segment includes the revenue generated from the energy solutions provided by the company. The solutions provided, consist of engineering, design, and software solutions, as well as custom hardware solutions. CleanSpark even provides solar, energy storage for microgrid, and distributed energy systems to military, commercial and residential customers and Open Automated Demand response services. Such solutions are supported by their proprietary suite of software platforms that include energy market communications, microgrid energy modeling, and energy management solutions such as: 

  • mPulse and mVoult: Helps in integration and optimization of multiple energy sources.
  • Canvas: Helps administrate load shifting programs. 
  • Plaid: Helps participate in load shifting programs. 
  • mVSO: An energy modeling software for designing internal microgrids.

On a QoQ basis, the revenue from this segment declined by 23.5%. However, on a YoY basis, there is an increase of 810% in the revenue generated. 

Other services revenue

CleanSpark also provides other forms of services through its subsidies – p2kLabs and ATL. Through p2kLabs, the company provides software development, design, and other technology-based consulting services. These services are generally provided on hourly or fixed-fee project-based arrangements. Through ATL, CleanSpark provides traditional data center services, such as providing customers with rack space, power, and equipment, and offers several cloud services including virtual services, virtual storage, and data backup services.

On a QoQ basis, this revenue decreased by 75%. However, there is no YoY statistic as these services were incepted in Q3 2021. 

About the Company

CleanSpark is a bitcoin mining and energy technology company, incorporated in Nevada, and listed on the NASDAQ with stock ticker CLSK. The company generates revenue from primarily two sectors – bitcoin mining and advanced energy technology solutions. They started functioning in both the areas from December 2020 and March 2014, respectively.

CleanSpark is currently working on developing long-term sustainability and clean energy plan with industry leaders and other advisors. They are also using all available clean and renewable energy resources, currently available, in all of their bitcoin mining locations. 

Did you like CleanSpark’s Revenue by Segment statistic?

Access more such KPI data points and segment financials on thousands of US stocks, with Business Quant.

You can get started here.

Read more

Access Segment financials and KPI data on US stocks

Our Plans

Always know what you’ll pay. No hidden costs or surprises.

  • Annual
  • Monthly

Basic

Get to know us

  • Access only basic data
  • This statistic is not included The statistic that you're currently viewing, is not included in the Basic plan. Please subscribe to the Pro plan to access this statistic.
$0
per month
Start for Free

60% discount until May 31

Pro

For serious investing

  • This statistic is included Instant access to all the data and features on the Business Quant platform. This also includes access to the statistic that you're currently viewing.
  • Granular KPI data Access segment financials, non-GAAP metrics and KPI data from presentations and filings. Examples include financials by segment / region / product category, AT&T's broadband subscriber trends, Tesla's deliveries by model and lots more.
  • Stock research tools Features include : Stock screener, Stock comparison, sector financials, stock warnings, advanced charting tools, financial statements dating back 10+ years, stock reports, SEC filings and stock ratings. There are 200+ financial items and ratios on thousands of US stocks.
  • Industry data & tools Access premium operating data on 40+ industries. Examples include market share, smartphone shipments by vendor, subscribers by wireless carrier, historical gold production. There are 20,000+ such statistics.
$49
$19
per month*
Buy Now

Enterprise

For tailored workflows

  • All of Pro plan Get unfettered access to all our dashboards and dossiers.
  • Custom built features Get tailored dashboards built specially for you , based on your set of requirements, to simplify your research workflow.
$99
per month, onwards*
Contact Us

* Billed annually, local taxes extra. 

Basic

Get to know us

  • Access only basic data
  • This statistic is not included The statistic that you're currently viewing, is not included in the Basic plan. Please subscribe to the Pro plan to access this statistic.
$0
per month
Start for Free

60% discount on Annual plan

Pro

For serious investing

  • This statistic is included Instant access to all the data and features on the Business Quant platform. This also includes access to the statistic that you're currently viewing.
  • Granular KPI data Access segment financials, non-GAAP metrics and KPI data from presentations and filings. Examples include financials by segment / region / product category, AT&T's broadband subscriber trends, Tesla's deliveries by model and lots more.
  • Stock research tools Features include : Stock screener, Stock comparison, sector financials, stock warnings, advanced charting tools, financial statements dating back 10+ years, stock reports, SEC filings and stock ratings. There are 200+ financial items and ratios on thousands of US stocks.
  • Industry data & tools Access premium operating data on 40+ industries. Examples include market share, smartphone shipments by vendor, subscribers by wireless carrier, historical gold production. There are 20,000+ such statistics.
$49
per month*
Buy Now

Enterprise

For tailored workflows

  • All of Pro plan Get unfettered access to all our features.
  • Custom built features Get tailored dashboards built specially for you , based on your set of requirements, to simplify your research workflow.
$99
per month, onwards*
Contact Us

* Local taxes extra. 

BQ Star Yellow 60%

Get Pro for 60% off

  • Access all features immediately
  • Datasets updated every day
  • Export data in CSV and XLSX formats

Offer Ends In

Starting from $49 $19 / month

.