CleanSpark: Revenue doubles to $766 million in fiscal year 2025, with net profit reaching $365 million.
listed Bitcoin mining company CleanSpark announced revenue of $766 million for fiscal year 2025 (ending September 30), a year-on-year increase of 102%, with a net profit of $365 million, reversing last year's loss of $146 million. CEO Matt Schultz stated that the company has achieved operational leverage and is shifting its energy asset layout towards AI data center development. CleanSpark holds over 13,000 bitcoins and completed $1.15 billion convertible bond financing during the year, with part of the funds used for stock repurchases and supporting AI infrastructure expansion.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The "Bankruptcy" of Metcalfe's Law: Why Are Cryptocurrencies Overvalued?
Currently, the pricing of crypto assets is largely based on network effects that have yet to materialize, with valuations clearly outpacing actual usage, retention, and fee capture capabilities.
Need Funding, Need Users, Need Retention: A Growth Guide for Crypto Projects in 2026
When content becomes saturated, incentives become more expensive, and channels become fragmented, where lies the key to growth?
EOS faces renewed turmoil as the community accuses the Foundation of running away with the funds
The collapse of Vaulta is not only a tragedy for EOS, but also a reflection of the shattered ideals of Web3.
Exclusive: Revealing the Exchange’s New User Acquisition Strategy—$50 for Each New User
Crypto advertising has evolved from being barely noticeable to becoming pervasive everywhere.
Trending news
MoreCrypto prices
More
