Bitcoin News Today: CleanSpark Q3 Revenue Surges 91% on Bitcoin Mining Boom

CleanSpark Inc. delivered an outstanding third-quarter performance in its 2025 fiscal year, reporting record revenue of $198.6 million—a 91% year-on-year increase driven by robust Bitcoin mining operations and a favorable price environment [1]. The company also reported a net profit of $257.4 million, a dramatic turnaround from a $236.2 million loss in the same period the previous year [2]. Earnings per share (EPS) reached $0.78, significantly outpacing the $0.20 forecast by analysts and surpassing previous expectations of $0.50 [1][3].

The strong financial results reflect CleanSpark’s operational efficiency and strategic execution, highlighted by its achievement of a 50 exahash per second (EH/s) hashrate using exclusively U.S. infrastructure [2]. This milestone positions CleanSpark as the first publicly traded miner to reach such a level with domestic operations, representing approximately 5.8% of the global Bitcoin network [2]. The company’s Bitcoin treasury now stands at 12,703 BTC, valued at roughly $1.48 billion, and it has grown this holding without issuing new equity in 2025 [2].

CEO Zach Bradford emphasized the significance of the quarter, calling it the most successful in the company’s history and a testament to the strength of its strategic focus [1]. CFO Gary Vecchiarelli noted that operational expenses were fully offset by Bitcoin production, allowing the company to scale its treasury while maintaining a disciplined cost structure [2].

CleanSpark’s stock (CLSK) saw a 2.5% drop on Thursday to $10.72, despite the strong earnings report, with after-hours trading showing only a minor increase [2]. However, the stock is up 16.4% year-to-date, outperforming rivals like MARA Holdings, which is down more than 7% in 2025 [2]. The company’s results align with a broader industry upswing, as Bitcoin miners benefit from a 32% price increase between April and June 2025 [2].

The performance highlights CleanSpark’s ability to capitalize on favorable market conditions and leverage its operational scale to deliver outsized returns. As the firm continues to expand its U.S.-based mining infrastructure and grow its BTC holdings, it remains a key player in the Bitcoin mining sector and a compelling case study in operational and financial resilience [1].

Source:

[1] Cryptonews, "Bitcoin Miner CleanSpark Posts Record Quarterly Revenue"

(https://cryptonews.com/news/bitcoin-miner-cleanspark-posts-record-quarterly-revenue/)

[2] AInvest, "CleanSpark Q3 Revenue Surges 91% as BTC Treasury Hits 1.48 Billion"

(https://www.ainvest.com/news/bitcoin-news-today-cleanspark-q3-revenue-surges-91-btc-treasury-hits-1-48-billion-2508/)

[3] GuruFocus, "CleanSpark (CLSK) Reports Strong Q3 Earnings on Bitcoin Milestone"

(https://www.gurufocus.com/news/3047165/cleanspark-clsk-reports-strong-q3-earnings-on-bitcoin-milestone)