CleanSpark, a Bitcoin mining company, has announced record financial results for the third quarter of fiscal 2025, marking its most successful period in history.
Record Financial Performance
In Q3 2025, CleanSpark reported revenue of $198.6 million, a 90.8% increase from $104 million in the same period last year. This figure surpassed analyst expectations, which estimated revenues around $195 million. CEO Zach Bradford noted, 'This was the most successful quarter in CleanSpark's history, reflecting the strength of our strategy.' The company's net income amounted to $257.4 million, an increase from $236.2 million reported last year.
Achievements in Mining
CleanSpark claims to be the first public mining company to reach 50 exahashes per second (EH/s) in the U.S. The company achieved this milestone in June, managing 5.8% of the global hashrate. Bradford added, 'We reached 50 EH/s of operational hashrate, becoming the first public company to do so exclusively with American infrastructure.'
Company Strategy and Future
Currently, CleanSpark has bolstered its Bitcoin treasury to over $1 billion in value without raising capital through equity offerings in 2025. The company currently holds 12,703 BTC, valued at approximately $1.48 billion, making it the ninth-largest Bitcoin holder among public companies. Furthermore, on January 10, CleanSpark reached 10,000 Bitcoins mined in U.S.-based operations, highlighting its strategic expansion and disciplined capital management.
The results of Q3 2025 highlight the success of CleanSpark's strategy and its leading positions in the Bitcoin mining industry.
