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Jun 30
Cleanspark Q3 2025 Earnings Report
CleanSpark reported strong financial results for the third quarter of fiscal year 2025, achieving record revenue and basic EPS, alongside significant growth in its Bitcoin treasury and operational hashrate.
Key Takeaways
CleanSpark delivered its most successful quarter to date in Q3 fiscal 2025, with record revenues of $198.6 million and basic EPS of $0.90. The company significantly expanded its operational hashrate to 50 EH/s and grew its Bitcoin treasury to over $1 billion, all while funding operations through Bitcoin production.
Achieved record quarterly revenue of $198.6 million, marking a 91% increase year-over-year.
Reported a net income of $257.4 million and a record basic EPS of $0.90.
Increased operational hashrate to 50 EH/s, becoming the first public company to reach this milestone exclusively with American infrastructure.
Grew Bitcoin treasury to 12,703 BTC, valued at over $1 billion, without additional equity offerings since November 2024.
Cleanspark
Cleanspark
Cleanspark Revenue by Segment
Revenue by Segment
Bitcoin Mining Revenue
CapyFin.com Forward Guidance
CleanSpark aims to continue expanding its market share in Bitcoin production by leveraging its vertically integrated model and operational playbook. The company is focused on driving accretive growth through high-efficiency operations and maintaining a resilient balance sheet, with a new Digital Asset Management team's derivatives strategy showing promising early returns.
Positive Outlook
- Continued focus on expanding market share in bitcoin production.
- Leveraging an unmatched operational playbook for efficiency.
- Commitment to driving accretive growth through high-efficiency operations.
- Maintaining a resilient and strategically positioned balance sheet.
- Digital Asset Management team's derivatives strategy showing promising early returns.
Challenges Ahead
- Completion of construction, regulatory approvals, and electrical power availability are necessary to achieve anticipated growth.
- Success and performance of the recently commenced digital asset management and derivatives trading activities are uncertain.
- The volatile and unpredictable cycles in the emerging and evolving industries in which the company operates.
- Increasing difficulty rates for bitcoin mining pose a challenge.
- Uncertainty regarding potential materially increased tariff liability for miners purchased since 2024 and in the future.