Bitcoin News Today: CleanSpark Surpasses Earnings Estimates Amid Record Revenue and Hashrate Milestone

CleanSpark (CLSK) has achieved a historic milestone by reporting record third-quarter revenue of $198.6 million in 2025, representing a 91% increase compared to the same period in the prior year. The company’s net income surged to $257.4 million, a dramatic turnaround from a $236.2 million loss in the same quarter the previous year. Earnings per share reached $0.78, far exceeding the $0.20 that analysts had projected. The results reflect a combination of improved mining efficiency, lower energy costs, and a more favorable Bitcoin price environment [1].

The company’s hashrate has also reached 50 exahashes per second (EH/s), making CleanSpark the first public miner to achieve this level in the U.S. alone. This milestone cements its position as a top-tier player in the Bitcoin mining space, with 5.8% of the global hashrate. Additionally, CleanSpark now holds 12,703 BTC in its treasury, valued at approximately $1.48 billion, placing it ninth among public companies in Bitcoin holdings.

While CLSK shares dipped by 2.5% during the day, the stock has still gained 16.4% year-to-date, outperforming industry peers like MARA Holdings, which is down 7% over the same period. This growth is part of a broader trend in the crypto mining sector, where companies are capitalizing on Bitcoin’s 32% price increase and achieving record revenues alongside firms such as MARA and Riot Platforms.

Industry analysts note that Bitcoin miners are increasingly looking to diversify their operations by exploring altcoins such as Ethereum and Avalanche (AVAX). While Ethereum’s transition to a proof-of-stake model has reduced its mining viability, miners remain alert to potential forks or new consensus mechanisms that could restore profitability. Avalanche, with its energy-efficient proof-of-stake architecture, has emerged as a more accessible and sustainable alternative, driving record network activity in July with 578.8 million transactions processed. The surge in usage has bolstered the case for a potential price breakout above $28, with analysts watching key resistance levels closely.

CleanSpark’s strategy of renewable energy integration and cost optimization has been a key factor in its success. The firm’s commitment to green energy not only reduces operational costs but also supports global sustainability objectives, enabling it to maintain profitability despite market volatility. As the sector evolves, miners are becoming more agile, leveraging their infrastructure to mine and hold multiple cryptocurrencies while reacting swiftly to market shifts and network upgrades.

Source: [1] CleanSpark Revenue Record – Bitcoin, Litecoin and XRP in Bullish Analyst Forecasts (https://coindoo.com/cleanspark-revenue-record-bitcoin-litecoin-and-xrp-back-in-bullish-analyst-forecasts/)