TLDR:
- CleanSpark posts 102% revenue growth, reaching $766.3M in FY2025.
- Company reports net income of $364.5M, reversing prior-year loss.
- CleanSpark hits 50 EH/s operational hashrate, setting new records.
- $1.15B convertible transaction fuels power and land acquisition growth.
- Strong balance sheet: $3.2B in assets, $1.2B in bitcoin holdings.
CleanSpark Inc. (CLSK) stock closed at $11.82, up by 2.96%.
CleanSpark, Inc., CLSK
CleanSpark, Inc. (CLSK) has reported a remarkable financial performance for the fiscal year ending September 30, 2025. The company posted a 102% increase in revenue, reaching $766.3 million, up from $379 million in the previous year. This growth was driven by the company’s strategic expansion in bitcoin mining and advancements in infrastructure development. The company also achieved a net income of $364.5 million, reversing a prior-year loss of $145.8 million.
Fiscal Year 2025: Exceptional Growth and Financial Discipline
CleanSpark’s fiscal year 2025 saw significant milestones. The company increased its operational hashrate, surpassing 50 EH/s. This growth reflects CleanSpark’s ability to scale efficiently while maintaining strategic capital management. The company raised capital through innovative financial tools, including convertible debt and bitcoin-backed revolvers, avoiding traditional methods like ATM financing.
CleanSpark’s Chairman and CEO, Matt Schultz, stated, “We surpassed 50 EH/s in operational hashrate and set new revenue records. We are evolving into a comprehensive compute platform, poised to capitalize on both AI and bitcoin workloads.” The company has proven its expertise in power procurement and infrastructure development, key areas that give CleanSpark a competitive edge in the rapidly growing demand for compute power.
CleanSpark’s success was fueled by disciplined capital investment. The company demonstrated its financial strength with a $1.15 billion 0% convertible transaction to accelerate growth in power and land acquisition. These strategic moves support CleanSpark’s ambition to become a leader in AI infrastructure while maintaining its stronghold in the bitcoin mining space.
Financial Highlights: Strong Revenue Growth and Robust Balance Sheet
The company’s financial results for fiscal 2025 reflect its strong market position. CleanSpark’s revenue surged by $387.3 million, an increase of 102.2% year-over-year. Net income reached $364.5 million, or $1.25 per basic share, a stark improvement from the net loss of $145.8 million, or $0.69 per basic share, in the previous year. Adjusted EBITDA for the year climbed to $823.4 million from $245.8 million in 2024.
As of September 30, 2025, CleanSpark’s total assets stood at $3.2 billion. The company held $43 million in cash and $1.2 billion in bitcoin, with total current assets of $1.3 billion. CleanSpark also reported total mining assets of $950.1 million, which includes deployed miners and prepaid deposits. Its liabilities amounted to $1.0 billion, with working capital of $1 billion.
The company’s financial position is further strengthened by a robust stockholders’ equity of $2.2 billion. CleanSpark’s disciplined financial management continues to provide a solid foundation for its ambitious expansion plans. The company is well-positioned to lead the charge in both the bitcoin mining and AI infrastructure sectors.
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