Bitcoin News Today: CleanSpark Q3 Earnings Jump 91% Revenue Surpasses $195M Estimates

CleanSpark has posted a record-breaking third-quarter performance, marking a significant milestone in its corporate history. The publicly traded Bitcoin miner reported revenue of $198.6 million for the quarter, a 91% increase compared to $104 million in the same period a year ago and surpassing analyst estimates of around $195 million [1]. The company’s CEO, Zach Bradford, described the quarter as its “most successful,” highlighting the strategic execution behind the growth in Bitcoin production and operational efficiency [2].

The financial success was underscored by a dramatic improvement in profitability. CleanSpark turned a $236.2 million net loss in the prior year into a net income of $257.4 million in the most recent quarter, with earnings per share (EPS) jumping to 78 cents from a negative $1.03 in the same period last year [3]. This performance far exceeded analyst expectations, which had forecasted an EPS of approximately 20 cents [4].

A major contributor to CleanSpark’s success was its ability to achieve a hashrate of 50 exahashes per second using exclusively U.S. infrastructure, making it the first public mining company to hit this milestone domestically [5]. The firm also expanded its Bitcoin treasury, holding 12,703 BTC with a market value of approximately $1.48 billion, positioning it as the ninth-largest public company holder of Bitcoin [6].

Despite the strong financial results, the stock did not see a corresponding surge in investor confidence. Shares in CleanSpark closed the day down over 2.5% at $10.72, showing only a minor after-hours rebound. The stock has gained 16.4% since the start of 2025, outperforming sector leader MARA Holdings, which has seen its shares decline by more than 7% over the same period [7].

The broader Bitcoin mining sector has enjoyed a strong quarter, largely driven by a 32% increase in Bitcoin’s price. Rival miner MARA Holdings also reported stronger-than-expected earnings, with revenues rising 64% year-on-year to $238 million. Riot Platforms further demonstrated the sector’s strength with a record net income of $219.5 million for the same period [8].

CleanSpark’s ability to fund its operational expenses entirely through Bitcoin production and its expansion of the Bitcoin treasury without issuing new equity in 2025 has been highlighted by analysts as key differentiators. The firm’s strategic focus on U.S. infrastructure and increased hash power has positioned it for continued growth in a rapidly evolving market [9].

Source:

[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 Better-Than-Expected Q3 Results (https://www.benzinga.com/markets/earnings/25/08/46984251/cleanspark-reports-better-than-expected-q3-results-details)

[3] Bitcoin News Today: CleanSpark Q3 Earnings Surpass Estimates (https://www.ainvest.com/news/bitcoin-news-today-cleanspark-q3-earnings-surpass-estimates-50-eh-milestone-bitcoin-treasury-growth-2508/)

[4] CleanSpark reports Q3 EPS 90c vs. ($1.03) last year (https://www.tipranks.com/news/the-fly/cleanspark-reports-q3-eps-90c-vs-1-03-last-year-thefly)

[5] [10-Q] CleanSpark, Inc. Warrant Quarterly Earnings Report (https://www.stocktitan.net/sec-filings/CLSKW/10-q-clean-spark-inc-warrant-quarterly-earnings-report-6fc8f6ca8ea0.html)

[6] CleanSpark Inc. - X (https://x.com/CleanSpark_Inc/status/1953586159****78597)

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