CleanSpark's $202 Million Trading Day Sees 498th Ranking Despite 12.31% Three-Day Gain

On June 10, 2025, CleanSpark (CLSK) experienced a trading volume of $202 million, marking a 32.93% decrease from the previous day. The stock ranked 498th in terms of trading volume for the day. Despite this, CLSK saw a 0.10% increase, marking its third consecutive day of gains, with a total increase of 12.31% over the past three days.

CleanSpark is making significant strides in its Bitcoin mining operations, with a target of reaching 50 exahash per second (EH/s). However, the company may face challenges as operating costs continue to put pressure on margins. The recent update from CleanSpark highlights its progress towards the 50 EH/s milestone, with a fully self-operated infrastructure. The company has also doubled its Bitcoin treasury year-over-year to 12,502 and expanded its contracted power capacity to 987 megawatts (MW).

In its second quarter fiscal 2025 results, CleanSpark reported a quarterly revenue of $181.7 million, a 62.5% increase from the prior year. The company's Bitcoin production grew to 1,957, with an average revenue per coin of $92,811. This strong performance is indicative of CleanSpark's growing presence in the Bitcoin mining industry.

CleanSpark's focus on Bitcoin mining has proven beneficial, with the company outperforming many mining competitors that pursued high-performance computing (HPC) and artificial intelligence (AI) data centers. The company's 'sats per share' has grown, reflecting its efficient mining operations and strong Bitcoin treasury. Despite recent price volatility, CleanSpark's increased production and reduced mining costs make it a compelling buy.

CleanSpark has also expanded its capital strategy with a $200 million Bitcoin-backed credit facility from Coinbase Prime. This facility will support accretive growth on non-dilutive terms, allowing the company to begin selling a portion of its monthly Bitcoin production to cover operations. This strategic move underscores CleanSpark's commitment to self-funded operations and sustainable growth.