Miner CleanSpark Reports Record Bitcoin Production
Mining company CleanSpark reported its best quarterly results yet as revenue and profitability beat analysts’ expectations.
According to the published report, revenue for the third quarter of 2025 was $198,6 million, up 91% from $104 million in the same quarter a year earlier. This exceeded analysts’ expectations, which forecast revenue of $195 million.
This was the most successful quarter in CleanSpark’s history and reflects the effectiveness of our strategy,» said CleanSpark CEO Zach Bradford.
The company also reported net income for the quarter of $257,4 million, compared with a loss of $236,2 million in 2024. Its diluted earnings per share were $0,78, well above analysts’ expectations of $0,20.
The third fiscal quarter was a key one for CleanSpark as we fully covered our operating expenses through monthly bitcoin production while simultaneously growing our Bitcoin»balance sheet,» said the company’s chief financial officer, Gary Vecchiarelli.
CleanSpark also announced that it was the first publicly traded mining company to reach 50 EH/s and control 5,8% of the global hashrate.
In June, we reached 50 EH/s operational hashrate, becoming the first public company to do so solely on US infrastructure,” Bradford said.
CleanSpark currently holds 12,703 BTC worth approximately $1,48 billion, making it the ninth-largest public holder of Bitcoin.
