CleanSpark (CLSK) Q3 2024 Earnings Call Transcript

For the period ending June 30, 2024

August 9, 2024 4:30 p.m. ET

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks:

Operator

Ladies and gentlemen, good afternoon. My name is Krista and I will be your conference Operator today.

At this time, I would like to welcome everyone to the CleanSpark third quarter fiscal year financial results conference 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. If you would like to ask a question during this time, simply press star followed by the number one on your telephone keypad, and if you’d like to withdraw this question, again press star one.

Thank you. I will now turn your conference over to Brittany Moore, Director of Investor Relations. Brittany, you may begin.

Brittany Moore

Thank you Krista, and welcome to CleanSpark’s third quarter 2024 earnings call covering the period April 1 to June 30, 2024.

Our press release was issued about five minutes ago and is available on our website at cleanspark.com. Today’s call is also being webcast and a replay and transcript will be available on our website.

On the call with me are 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 business as we see them today.

The statements and information provided remain subject to the risk factors disclosed in our most recently filed annual report. We will also discuss certain non-GAAP financial measures concerning our performance during today’s call. You can find a reconciliation of non-GAAP financial measures in our press release, which is available on our website.

With that, it is my pleasure to turn the call over to Zach.

Zach Bradford

Thank you Brittany. Good afternoon everyone and thank you for joining us today. Before I start with my prepared comments, I want to thank you all for your patience due to the short unforeseen delay with our earnings release and this call. As a result of our rapid growth, we’ve gone through a number of changes, most recently upgrading our external audit firm to a well known, highly respected national firm, BDO. The team at BDO have been incredible in their efforts to familiarize themselves with our company as part of our first quarter together. Ultimately, as you can expect with any new relationship, sometimes you just need a little extra time.