CleanSpark, Inc. (NASDAQ:CLSK) Q3 2022 Earnings Conference Call August 9, 2022 4:30 PM ET

Company Participants

Isaac Holyoak - Chief Communications Officer

Zach Bradford - Chief Executive Officer

Gary Vecchiarelli - Chief Financial Officer

Conference Call Participants

Mike Colonnese - H.C. Wainwright & Co.

Greg Lewis - BTIG

Operator

Good afternoon. My name is David, and I will be your conference operator today. At this time, I’d like to welcome everyone to the CleanSpark Fiscal Year 2022 Q3 Earnings Call. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks there will be a question-and-answer session. [Operator Instructions]

At this time, I’d like to turn the floor over to Isaac Holyoak, Chief Communications Officer.

Isaac Holyoak

Thanks, David. And thank you for joining us today for CleanSpark’s third quarter fiscal year 2022 financial results call. Our press release was issued about 30 minutes ago and is available on our website at www.cleanspark.com/investors. Today’s call is also being webcast, and a replay and transcript will be available on our website.

I am here with Zach Bradford, our Chief Executive Officer; and Gary Vecchiarelli, our Chief Financial Officer.

Keep in mind that some of the statements we make today are forward-looking and based on our best view of the world and our businesses as we see them today. As described in our SEC filings and on our website, those elements may change as the world changes.

We will also discuss certain non-GAAP financial measures about our performance during today’s call. You can find the reconciliation of GAAP financial measures in our press release, which is available on our website.

Now it is my pleasure to turn the call over to Zach.

Zach Bradford

Thanks, Isaac. Good afternoon and thank you for joining our call. The CleanSpark team spent our third quarter executing on the vision we set out at the beginning of this calendar year, to be a top five Bitcoin miner.

I am pleased to report that when compared to all public Bitcoin mining companies that we track, CleanSpark finished the quarter by mining the fourth highest amount of Bitcoin of any public miner in the month of June. We were also the fourth highest for the quarter as a whole.

In fact, we had our most productive quarter ever in terms of Bitcoin mined, minting 964 Bitcoin, which is a 7% increase over the previous quarter and a 400% increase over the same prior year quarter.