Aug. 24 at 5:46 PM
$CLSK
Some mis- information circulating!
Direct information from conference call!
Cash positive!
CLSK should rise to All time high soon with data center deal in place!?
"Gary Vecchiarelli
President and CFO
0:14:05
The primary driver in this quarter's net loss was unfavorable mark-to-market adjustments on Bitcoin balances of approximately
$133 million. Comparatively, we recognized a larger unfavorable mark-to-market adjustment of
$263 million in the prior quarter. Our adjusted EBITDA in the Q3 was negative
$113 million. It is important to note that this adjusted EBITDA number does not adjust out the
$133 million mark-to-market adjustment. When normalized for such non-cash items, we produced a positive
$20 million for the quarter. In the Q3, our digital asset management activities once again delivered net positive cash returns. This quarter, we generated approximately
$8.6 million in cash, which brings our total for the fiscal year to
$25.8 million."
