Bitcoin News Today: CleanSpark's AI Pivot Fuels Earnings Surge Amid Crypto Sector Woes

CleanSpark Inc. (NASDAQ:CLSK) reported fiscal year 2025 earnings on Tuesday, marking a significant financial turnaround for the Bitcoin miner transitioning into AI infrastructure. The company's shares rose 3.1% in after-hours trading following the release, reflecting investor optimism about its dual focus on cryptocurrency and artificial intelligence workloads.

For the fiscal year ended September 30, 2025, CleanSpark generated revenue of $766.3 million, more than doubling its 2024 figure of $379 million. Adjusted earnings per share (EPS) came in at $1.12, a stark improvement from a loss of $0.69 per share in 2024. Net income surged to $364.5 million, compared to a net loss of $145.8 million the prior year, while adjusted EBITDA hit $823.4 million, up from $245.8 million. CEO Matt Schultz attributed the results to operational scale and higher Bitcoin prices, stating the company surpassed 50 exahashes per second (EH/s) in operational hashrate and achieved "strategic capital stewardship".

The earnings report underscored CleanSpark's broader strategic shift. In October, the company announced plans to expand into AI-focused data center infrastructure, leveraging its expertise in power management and high-density computing. This pivot has already drawn investor attention, with Schultz noting the move positions CleanSpark to meet "surging global demand for compute". The company closed a $1.15 billion 0% convertible transaction to accelerate its power and land portfolio expansion, enabling entry into the AI market.

Despite the positive results, the report fell short of analyst expectations. GAAP EPS of $1.12 trailed the $1.56 average estimate, while revenue of $766.3 million missed the $774.6 million consensus. The company also reported $1.2 billion in Bitcoin holdings and $43 million in cash on its balance sheet as of September 30, 2025.

CleanSpark's strategic reorganization aligns with broader industry trends. As Bitcoin mining margins tighten post-halving, major players like TeraWulf are also pivoting to diversified infrastructure models. The company's focus on AI infrastructure mirrors moves by other miners seeking to capitalize on compute-intensive workloads beyond cryptocurrency.

The stock's post-earnings rally followed a volatile week for crypto-exposed equities. Bitcoin (BTC-USD) faced its worst monthly performance since 2022, dragging down miners like CleanSpark, Cipher Mining (CIFR), and Riot Platforms (RIOT). However, CleanSpark's strategic pivot and strong FY25 results provided a counterpoint to the sector's broader struggles.