CleanSpark Shares Plummet 2.07% on $200M in Volume Ranking 494th Amid Bitcoin Mining Gains and Leadership Shift

CleanSpark (NASDAQ: CLSK) fell 2.07% on September 3, 2025, with a trading volume of $200 million, ranking 494th in market activity. The stock’s decline followed the release of its unaudited August 2025 Bitcoin mining update, highlighting operational progress amid leadership changes.

The company mined 657 Bitcoin in August, averaging 21.20 BTC daily, while maintaining an average hashrate of 43.3 EH/s and a peak of 50.0 EH/s. CleanSpark’s Bitcoin treasury grew to 12,827 BTC, with 3,026 BTC used as collateral. Operational efficiency reached 16.07 J/Th, and the firm sold 533.5 BTC for $60.7 million at $113,800 per Bitcoin, reflecting disciplined treasury management and strategic accumulation.

CEO Matt Schultz emphasized a dual focus on Bitcoin growth and exploring new verticals to optimize power resources. Despite a leadership transition, operational metrics improved, with a 1.4 EH/s monthly hashrate increase under challenging summer conditions. The company reported 1.03 GW of contracted power, utilizing 808 MW, and produced 5,296 BTC year-to-date in 2025, underscoring resilience in a post-halving environment.

CleanSpark’s backtest results for the period showed a 1.4 EH/s monthly hashrate increase, 657 BTC mined, and 533.5 BTC sold for $60.7 million. These figures align with the company’s operational disclosures and revenue generation strategies.