CLSK — what changed in the latest 10-Q
A section-by-section comparison of CLSK's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-05-11 vs the prior 10-Q · 2026-02-05
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +34 | −13 | ~42 | 28 |
| Market risk (Item 3) | Text added/removed | +1 | −1 | ~1 | 4 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 1 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Risk factors | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Other information | Text added/removed | 0 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-05-11
We are evaluating existing properties for potential conversion or dual-use development to support AI and HPC tenants and are advancing design and permitting activities for greenfield data-center sites. On February 27, 2026, we acquired property in Brazoria County, Texas and secured a framework for a…
(1) Total global hashrate was obtained from Hashrate index (https://data.hashrateindex.com/network-data/network).
Professional fees, which consisted primarily of legal, accounting and consulting fees, were $9,652 for the three months ended March 31, 2026, an increase of $6,669, or 224%, from $2,983 for the three months ended March 31, 2025. This increase was primarily attributable to higher consulting and other…
Other expense was $42,555 and $3,811 for the three months ended March 31, 2026 and 2025, respectively, which represents a change of $38,744.
Net loss for the three months ended March 31, 2026 and 2025 was $378,343 and $138,792, respectively, an increase in net loss of $239,551 due to the reasons stated above.
Text removed vs the prior filing · source: 10-Q · 2026-02-05
We are evaluating existing properties for potential conversion or dual-use development to support AI and HPC tenants and are advancing design and permitting activities for greenfield data-center sites. On October 27, 2025, we acquired property in Austin County, Texas and executed long-term power sup…
(1) Total global hashrate obtained as of December 31, 2025 and 2024 were from Hashrate index (https://data.hashrateindex.com/network-data/network) using SMA 7 days and YCHARTS (https://ycharts.com/indicators/bitcoin_network_hash_rate), respectively.
Cost of Revenues - Analysis of costs to mine one bitcoin (per bitcoin amounts are actual)
Professional fees, which consisted primarily of legal, accounting and consulting fees, were $5,406 for the three months ended December 31, 2025, an increase of $1,521, or 39%, from $3,885 for the three months ended December 31, 2024. This increase was primarily attributable to consultant fees for op…
Other expense was $93,572 for the three months ended December 31, 2025, compared with other income, net of $46,032 for the three months ended December 31, 2024, which is a change of $139,604 or 303%.
Market risk (Item 3)
Text added vs the prior filing · source: 10-Q · 2026-05-11
As of March 31, 2026, we held bitcoin-linked derivative liabilities with a combined fair value of approximately $3,786 and bitcoin-linked derivative assets with a combined fair value of $1,499. A 10% change in the fair value of these derivative liabilities, holding all other variables constant, woul…
Text removed vs the prior filing · source: 10-Q · 2026-02-05
As of December 31, 2025, we held bitcoin-linked derivative liabilities with a combined fair value of approximately $663 thousand and no bitcoin-lined derivative assets. A 10% change in the fair value of these derivative liabilities, holding all other variables constant, would result in an approximat…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice