Bitcoin News Today: CleanSpark Q3 Revenue Jumps 91% Driven by 50 EH/s Hashrate Milestone

CleanSpark Inc. reported record third-quarter revenue of $198.6 million for the period ending June 30, 2025, marking a 91% year-over-year increase from $104 million in the same quarter of the previous year [1]. This performance was underpinned by significant growth in Bitcoin mining operations, with the company achieving a milestone 50 exahashes per second (EH/s) of operational hashrate using entirely self-operated, U.S.-based infrastructure [4]. This makes CleanSpark the first publicly traded Bitcoin miner to reach this level of hashrate with domestically sourced infrastructure.

The company also reported a net income of $257.4 million, far surpassing analyst forecasts and reversing the net loss from the previous year [2]. Earnings per share (EPS) for the quarter reached $0.90, exceeding the expected $0.78 [3]. CEO Zach Bradford credited the success to strategic efficiency and a focus on sustainable growth, noting the achievement marked a significant step in the company’s market expansion [4].

CleanSpark’s operational efficiency improved, with an average fleet energy efficiency of 16.15 joules per terahash (J/Th), enabling cost-effective mining amid a competitive landscape [7]. In July 2025, the company sold 575.97 BTC, generating $64.7 million in proceeds at an average price of $112,351 per bitcoin [8]. The funds were allocated to further expansion, including increased power capacity and miner procurement, reinforcing CleanSpark’s non-dilutive growth strategy.

The company’s balance sheet reflects its strong financial position, with total assets of $3.1 billion, including $933.3 million in working capital and $2.14 billion in stockholders’ equity [9]. CleanSpark also established a Digital Asset Management team to explore derivatives strategies, which has already shown promising returns [10]. A $200 million revolving credit facility with Coinbase further supports its capital-efficient growth [11].

CleanSpark’s treasury now holds 12,703 BTC, valued at over $1.08 billion [5]. The company’s infrastructure includes more than 1 gigawatt of contracted power and a fleet of 241,319 deployed miners, all operating with a focus on grid stability and energy efficiency [6]. This expansion underscores the increasing viability of sustainable Bitcoin mining as a profitable enterprise, particularly in a market driven by low-cost, renewable energy.

CleanSpark’s success signals a potential shift in the Bitcoin mining industry, demonstrating that U.S.-based operations can achieve high hashrate milestones without geographic dispersion or equity financing. As the company continues to grow its operational footprint across multiple U.S. states, it is well-positioned to maintain its leadership in the market while promoting sustainable and efficient mining practices [12].

Source:

[1] Bitcoin News Today: CleanSpark Q3 Revenue Jumps 91% (https://www.ainvest.com/news/bitcoin-news-today-cleanspark-q3-revenue-jumps-91-strong-bitcoin-mining-operational-efficiency-2508/)

[2] Earnings call transcript: CleanSpark Q3 2025 beats EPS (https://www.investing.com/news/transcripts/earnings-call-transcript-cleanspark-q3-2025-beats-eps-forecast-stock-rises-93CH-4179941)

[3] CleanSpark Reports Third Quarter Fiscal 2025 Results (https://www.nasdaq.com/press-release/cleanspark-reports-third-quarter-fiscal-2025-results-2025-08-07)

[5] Bitcoin News Today: CleanSpark Q3 Revenue Surges 91% (https://www.ainvest.com/news/bitcoin-news-today-cleanspark-q3-revenue-surges-91-198-6m-bitcoin-treasury-hits-1-billion-2508/)

[6] CleanSpark Inc. Latest Stock News (https://www.cryptowisser.com/news/cleanspark-record-quarterly-earnings-bitcoin-miner-beats-estimates/)

[11] CleanSpark Releases April 2025 Bitcoin Mining Update (https://www.stocktitan.net/news/CLSK/)

[12] Mining - Tag Archives (https://cryptonews.com/tags/mining/)