Bitcoin News Today: CleanSpark Q3 Earnings Surpass Estimates on 50 EH/s Milestone and Bitcoin Treasury Growth

CleanSpark Inc. (CLSK) reported third-quarter fiscal 2025 results that significantly exceeded expectations, marking a pivotal turnaround for the company. The firm earned $0.90 per basic share, translating to a net income of $257.4 million for the three months ended June 30, 2025. This represents a dramatic improvement from a net loss of $236.2 million, or $1.03 per share, in the same period the previous year [1]. On a non-GAAP basis, the company reported earnings of $0.78 per share, beating analyst forecasts that had predicted breakeven performance [3].

Quarterly revenue reached $198.64 million, surpassing the Street estimate of $191.54 million and doubling from the $104.1 million recorded in the prior year period [1]. The earnings beat was fueled by operational efficiency and a significant milestone in hashrate capacity: CleanSpark achieved a 50 exahash per second (EH/s) hashrate in June 2025, becoming the first publicly traded company to reach this level using exclusively American infrastructure [2].

The company also reported a strong balance sheet at the end of the quarter. Total liquid assets stood at $1.21 billion, including $34.6 million in cash and $1.08 billion in Bitcoin holdings [5]. Total mining assets, which include deployed miners and prepaid deposits, were valued at $985.9 million, while total assets reached $3.1 billion [5]. These figures underscore CleanSpark’s financial strength and its ability to scale operations without relying on equity financing since November 2024 [1].

Zach Bradford, CEO of CleanSpark, emphasized the significance of the results, calling it the most successful quarter in the company’s history. He highlighted the record earnings, revenue growth, and the expansion of the Bitcoin treasury to over $1 billion in value as key achievements [1].

The strong performance was reflected in the company’s stock. As of Thursday’s extended trading session, CLSK shares rose 1.21% to $10.85 [1]. The stock’s momentum aligns with the company’s improved financial position and strategic progress in the Bitcoin mining sector.

CleanSpark also announced a live earnings call for August 7, 2025, at 4:30 PM ET, where management will discuss the quarter’s results in detail and outline future outlooks [4]. The call will provide further clarity on the company’s operational and financial trajectory.

CleanSpark’s ability to deliver better-than-expected results in a challenging market underscores its disciplined execution and strategic focus. With a strong balance sheet, growing hashrate capacity, and robust revenue growth, the company appears well-positioned to continue its momentum in the coming quarters.

Source:

[1] CleanSpark Reports Third Quarter Fiscal 2025 Results (https://www.prnewswire.com/news-releases/cleanspark-reports-third-quarter-fiscal-2025-results-302524771.html)

[2] CleanSpark Q3 Earnings Surpass Estimates on 50 EH/s ... (https://www.ainvest.com/news/bitcoin-news-today-cleanspark-q3-earnings-surpass-estimates-50-eh-hashrate-milestone-2508/)

[3] CleanSpark: Fiscal Q3 Earnings Snapshot | AP (https://gazette.com/ap/cleanspark-fiscal-q3-earnings-snapshot/article_b65308c2-31a9-5db2-91e2-f2dcba0b8918.html)

[4] Cleanspark Q3 2025 Earnings Report (https://www.marketbeat.com/earnings/reports/2025-8-7-cleanspark-inc-stock/)

[5] CleanSpark 报告第三季度业绩超预期：详情 (https://www.moomoo.com/hans/news/post/56641535/cleanspark-reports-better-than-expected-q3-results-details)