CleanSpark, a publicly traded Bitcoin mining company, reported a significant financial turnaround for fiscal year 2025, ending September 30th. The company announced a revenue of $766 million, marking a 102% increase from the previous year, and a net profit of $365 million, reversing a $146 million loss from the prior year. CEO Matt Schultz highlighted the company's operational leverage and strategic shift towards AI data center development.
In addition to its financial achievements, CleanSpark holds over 13,000 Bitcoins and completed a $1.15 billion convertible bond financing round. The proceeds from this financing have been partially allocated to share buybacks and the expansion of AI infrastructure, underscoring the company's commitment to diversifying its energy asset deployment.
CleanSpark Reports $766 Million Revenue in FY 2025, Achieves $365 Million Profit
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