PANews reported on November 26th that, according to The Block, publicly traded Bitcoin mining company CleanSpark announced revenue of $766 million for fiscal year 2025 (ending September 30th), a 102% year-over-year increase, and net profit of $365 million, reversing a $146 million loss last year. CEO Matt Schultz stated that the company has achieved operating leverage and is shifting its energy asset deployment towards AI data center development. CleanSpark holds over 13,000 Bitcoins and completed a $1.15 billion convertible bond financing round this year, with some of the funds used for share buybacks and supporting AI infrastructure expansion.PANews reported on November 26th that, according to The Block, publicly traded Bitcoin mining company CleanSpark announced revenue of $766 million for fiscal year 2025 (ending September 30th), a 102% year-over-year increase, and net profit of $365 million, reversing a $146 million loss last year. CEO Matt Schultz stated that the company has achieved operating leverage and is shifting its energy asset deployment towards AI data center development. CleanSpark holds over 13,000 Bitcoins and completed a $1.15 billion convertible bond financing round this year, with some of the funds used for share buybacks and supporting AI infrastructure expansion.
CleanSpark: Revenue doubles to $766 million in fiscal year 2025, with net profit reaching $365 million.
PANews reported on November 26th that, according to The Block, publicly traded Bitcoin mining company CleanSpark announced revenue of $766 million for fiscal year 2025 (ending September 30th), a 102% year-over-year increase, and net profit of $365 million, reversing a $146 million loss last year. CEO Matt Schultz stated that the company has achieved operating leverage and is shifting its energy asset deployment towards AI data center development. CleanSpark holds over 13,000 Bitcoins and completed a $1.15 billion convertible bond financing round this year, with some of the funds used for share buybacks and supporting AI infrastructure expansion.
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