CleanSpark, a Bitcoin mining company, announced record earnings and profits for Q3 2025 amidst a nationwide upturn in the industry.
Record Financial Performance of CleanSpark
CleanSpark reported record revenue of $198.6 million for the April–June period, a 91% increase from the same quarter last year. The company's operational income came in at $257.4 million, a significant improvement from a $236.2 million loss a year prior. 'This was the most successful quarter in CleanSpark’s history, and it reflects the strength of our strategy,' said CEO Zach Bradford.
Achieving 50 EH/s and Expanding BTC Reserves
CleanSpark became the first publicly traded mining company to achieve a hashrate of 50 EH/s entirely through American infrastructure. Additionally, the company has increased its Bitcoin holdings to 12,703 BTC, valued at approximately $1.48 billion, making CleanSpark the ninth-largest public Bitcoin holder globally.
Boom in Mining Sector Profitability
CleanSpark's record results came amid a broader upswing in the Bitcoin mining sector, bolstered by a 32% increase in BTC prices during the reporting period. Competitors like MARA Holdings and Riot Platforms also reported strong revenues, with MARA posting $238 million and Riot achieving a record net income of $219.5 million.
CleanSpark's successful operational management and increasing Bitcoin reserves position the company to lead in the growing mining market and prepare for future price upswings.
