Bitcoin News Today: CleanSpark Posts Record $198.6M Revenue Q3 2025 Driven by Bitcoin Growth and Operational Gains

CleanSpark, Inc. (Nasdaq: CLSK) has delivered its most successful quarter to date, reporting record revenue of $198.6 million for its third quarter of fiscal 2025, a 90.8% increase from $104.1 million in the same period last year [1]. The performance exceeded analyst expectations, who had projected revenue of approximately $195 million. The company also reported a net income of $257.4 million, reversing the $236.2 million loss recorded in the prior year period. Earnings per diluted share were 78 cents, significantly above the expected 20 cents [1].

CleanSpark attributes this strong performance to strategic growth initiatives, including the expansion of its Bitcoin treasury and operational efficiency improvements. The company’s Bitcoin holdings have grown to 12,703 BTC, valued at around $1.48 billion, making it the ninth-largest Bitcoin holder among public companies [1]. The company also achieved a major milestone by becoming the first publicly traded Bitcoin miner to reach 50 exahashes per second in the U.S., representing 5.8% of the global hashrate [1].

The CEO, Zach Bradford, emphasized that the quarter was a pivotal moment for CleanSpark, as the firm funded all operational expenses through Bitcoin production while expanding its digital asset reserves. CFO Gary Vecchiarelli added that the company has maintained financial stability without needing to raise capital through equity offerings in 2025 [1].

Despite these impressive results, CleanSpark’s stock closed down over 2.5% on Thursday to $10.72. While the shares have gained 16.4% since the beginning of 2025, outperforming sector leaders like MARA Holdings, which is down more than 7% this year, investor sentiment appears cautious [1].

The broader Bitcoin mining sector has also experienced a strong quarter, driven by a 32% increase in the price of Bitcoin. Rivals such as MARA Holdings and Riot Platforms also reported significant gains, with MARA posting a 64% year-on-year revenue increase and Riot reporting a record net income of $219.5 million [1].

CleanSpark’s success is attributed to its modular immersion data centers and strategic acquisitions, including facilities in Georgia and Tennessee, which have enhanced its infrastructure and capacity [2]. The company is also investing heavily in sustainable technologies, particularly in energy-efficient mining and renewable power integration [2]. These initiatives position CleanSpark to benefit from ongoing trends in green mining and scalable digital infrastructure.

As the company moves forward, it continues to strengthen its balance sheet and diversify its business model across mining, energy, and data infrastructure. With a clear focus on innovation and sustainability, CleanSpark is well-positioned to maintain its momentum in the evolving blockchain and clean energy landscape [3].

Sources:

[1] CleanSpark Reports Third Quarter Fiscal 2025 Results

(https://investors.cleanspark.com/news/news-details/2025/CleanSpark-Reports-Third-Quarter-Fiscal-2025-Results/default.aspx)

[2] CleanSpark Reports Record Quarterly Revenue and ...

(https://www.binance.com/en/square/post/28024125282929)

[3] [10-Q] CleanSpark, Inc. Warrant Quarterly Earnings Report