CleanSpark, Inc. (CLSK) Q1 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.262 On the call today, I am joined by Matt Schultz, our Chairman and Chief Executive Officer, 00:00:04.262 -- 00:00:08.173 and Gary Beccarelli, our President and Chief Financial Officer. 00:00:08.173 -- 00:00:11.602 Some of the statements we make today will be forward-looking, based on our best view 00:00:11.602 -- 00:00:14.986 of the world and our business as we move forward. 00:00:48.563 -- 00:00:53.828 One that builds on the strengths of our mining operations while expanding the 00:00:53.828 -- 00:00:56.330 set of opportunities our assets can support. 00:00:56.330 -- 00:00:58.292 We 00:00:58.292 -- 00:01:03.497 continue to operate a large scale, fundamentally sound Bitcoin mining business 00:01:03.497 -- 00:01:08.222 that generates durable cash flows and balance sheet strength. 00:01:08.222 -- 00:01:14.286 What is different today is what those cash flows now enable. 00:01:14.368 -- 00:01:18.719 CleanSpark is no longer a single track business. 00:01:18.719 -- 00:01:23.764 We're building an infrastructure platform with multiple independently valuable 00:01:23.764 -- 00:01:29.289 earning streams, all anchored by scarce utility grade power. 00:01:29.289 -- 00:01:32.792 Bitcoin mining funds the platform. 00:01:32.792 -- 00:01:37.857 AI monetizes it, and digital asset management optimizes it 00:01:37.857 -- 00:01:43.002 across all cycles. To frame how we think about AI development, we see three 00:01:43.002 -- 00:01:48.047 phases. First, securing scarce power and land. 00:01:48.047 -- 00:01:53.601 Second, tenant-driven technical and commercial alignment, and third, structured 00:01:53.601 -- 00:01:56.085 long-term monetization. 00:01:56.085 -- 00:02:00.951 We are now firmly in the second phase across multiple assets. 00:02:00.951 -- 00:02...