Aug. 10 at 10:55 PM
$CLSK
From earnings call !
"Gary Vecchiarelli
President and CFO
0:14:05
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. "
Market is bundling CLSK with other bitcoin miners who has lost a lot! LOL!
CLSK has the best operation under extreme situation where bitcoin lost almost 50% of the valuation!
CLSK should bifurcate from the bunch and start to make move towards all time high with the data center deal in place!
Good luck to everyone!
