CleanSpark Shatters Records with Explosive 2025 Revenue - Bitcoin Mining & AI Expansion Fuels Unprecedented Growth
CleanSpark just dropped a financial bombshell that's shaking the crypto mining sector to its core.
The Mining Revolution Accelerates
Record-breaking revenue numbers for 2025 reveal what happens when Bitcoin mining meets artificial intelligence - pure profit alchemy. Their dual-pronged strategy isn't just working; it's dominating the competitive landscape while traditional finance players scramble to understand the math.
Expansion Mode: No Brakes
Massive infrastructure growth combined with AI optimization creates a perfect storm of efficiency. They're not just mining Bitcoin - they're engineering profitability through computational supremacy. The numbers don't lie, even if Wall Street analysts still pretend to 'get it' while secretly checking their crypto portfolios.
When mining meets machine learning, profits hit escape velocity. Another case of decentralized innovation leaving legacy systems in the digital dust.
CleanSpark reports strong performance and operational momentum
According to the earnings call, about 8,000 Bitcoins were mined during the fiscal year. The end-of-period treasury holdings exceeded 13,000, all of which came from owned hashing power. The gross margin decreased by 1% year over year, from 55% for the year to 56.5% in the fourth quarter due to the post-halving climate.
Normalized non-GAAP adjusted EBITDA from operations (excluding bitcoin fair value gains) was about $305 million (40% margin), with non-GAAP adjusted EBITDA totaling over $800 million for the fiscal year.
As of September 30, CleanSpark’s balance sheet showed $1.2 billion in Bitcoin holdings, $43 million in cash, and $950.1 million in mining assets. Additionally, the corporation recorded $1 billion in working capital, $2.2 billion in stockholders’ equity, and $3.2 billion in total assets. There was $644.6 million in long-term debt and $1 billion in total liabilities.
According to CEO Matt Schultz, CleanSpark attained operating momentum in fiscal 2025. He emphasized that the CleanSpark set new revenue records by surpassing 50 EH/s of operational hashrate.
He added that the Bitcoin mining firm set new records by prioritizing accretive capital market tools, like convertible debt and Bitcoin-backed revolvers, over an ATM [program] to finance the business during the calendar year.
“We are evolving into a comprehensive compute platform that is prepared to optimize value from both AI and bitcoin workloads. Our DEEP expertise in power procurement, infrastructure development, and efficient scaling gives us a unique advantage in meeting surging global demand for compute.”
–Matt Schultz, Chairman and CEO of CleanSpark.
Prior to the earnings release, CleanSpark’s stock closed on Tuesday at $11.82, up 2.96%. The stock is down 1.61% in pre-market on Wednesday at $11.63 following a minor shift in extended trading.
CleanSpark advances AI shift with major expansion moves
The FY 2025 results come after CleanSpark’s recent $1.15 billion zero-coupon convertible note offering, which generated $1.13 billion in net proceeds and enabled the buy-back of 30.6 million shares, approximately 10.9% of shares outstanding, for about $460 million from participating investors.
According to CleanSpark, the remaining funds will be used for general corporate objectives, data center growth, electricity and land acquisition, and the repayment of credit lines backed by Bitcoin.
CleanSpark joined a larger industry trend of Bitcoin miners retooling facilities for high-performance computing last month when it hired Jeffrey Thomas, a former Humain executive, to head its AI data-center unit.
Cryptopolitan reported that during the appointment of Jeffrey Thomas, Schultz stated that the hiring of Thomas puts the firm at the forefront of the revolution in AI and intelligent computing.
According to a press release, the development of the advanced AI data center infrastructure will diversify the revenue resources and strengthen the long-term cash FLOW of the company. Additionally, the AI data center will improve CleanSpark’s ability to service the top technological companies in the world.
October 29, CleanSpark announced that it had completed long-term power supply agreements totaling 285 megawatts to fund the building of a next-generation data center campus. The Bitcoin mining firm confirmed that it had purchased the rights to around 271 acres of property in Austin County, Texas.
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