CleanSpark Reports $766M Revenue, Shifts Focus to AI and Blockchain

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• CleanSpark’s fiscal 2025 revenue soared 102%, driven by both Bitcoin mining and AI initiatives.
  
• The company’s capital management shift positions it for strong future growth in both sectors.
  
• CleanSpark is now an emerging leader in AI infrastructure, with a solid financial foundation for expansion.

CleanSpark, a leading Bitcoin miner, has announced a “transformative” fiscal year 2025, marking significant growth and an evolving business strategy. The company reported a record-breaking $766.3 million in revenue for the year ending September 30, 2025—a staggering 102% increase compared to the previous year. The miner also achieved impressive profitability, with net income of $364.5 million, a sharp rebound from a $145.8 million net loss in 2024. These results reflect CleanSpark’s successful pivot toward a broader AI compute-infrastructure strategy, designed to capture new value from both Bitcoin mining and artificial intelligence (AI) workloads.

A Year of Record Growth and Strategic Transformation

The fiscal year 2025 was a milestone for CleanSpark, driven by several key accomplishments. CEO Matt Schultz highlighted the company’s achievement in surpassing 50 EH/s (exahashes per second) in operational hashrate, setting new revenue records, and optimizing its capital structure. Notably, CleanSpark shifted its financing strategy by prioritizing convertible debt and Bitcoin-backed revolvers instead of relying on traditional equity programs. This strategic capital management approach allowed the company to invest in both its mining operations and its AI infrastructure, a key focus for its future growth.

“Fiscal 2025 was the year CleanSpark achieved operating leverage,” said Schultz, emphasizing the company’s strong financial positioning. As the business continues to expand its energy and infrastructure platform, CleanSpark is increasingly well-equipped to meet growing demand for both AI and blockchain solutions.

Capital Raise and AI Expansion: CleanSpark’s Future Outlook

CleanSpark’s push into AI infrastructure accelerated with the recent completion of a $1.15 billion zero-coupon convertible notes offering. This funding enabled the company to repurchase 30.6 million shares and provides additional capital for land acquisition, data center development, and repaying Bitcoin-backed credit lines.

In October, CleanSpark further bolstered its AI ambitions by hiring Jeffrey Thomas, a former Humain executive, to lead the company’s AI data-center unit. This move is part of a broader industry trend where Bitcoin miners are retooling their facilities to support high-performance computing for AI workloads. Schultz referred to this as positioning CleanSpark “at the center of the AI and intelligent-computing revolution.”

Also Read: Cardano Founder Predicts 1000x AI Power Boost by 2030, Democratizing Artificial Intelligence

Strong Financials Support Future Growth

As of September 30, CleanSpark’s balance sheet showed impressive financial strength, with $1.2 billion in Bitcoin holdings, $43 million in cash, and $950.1 million in mining assets. The company’s total assets were valued at $3.2 billion, with stockholders’ equity of $2.2 billion and working capital of $1 billion. Long-term debt stood at $644.6 million, indicating a solid financial foundation for future expansion.

CleanSpark’s continued growth and expansion into AI signal the beginning of a new chapter for the company. With its strong financial performance, significant Bitcoin holdings, and strategic AI investments, CleanSpark is positioning itself as a leader in both the blockchain and AI sectors.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.