CleanSpark’s Q3 revenue reached $198.6 million, a 91% increase from last year, marking its most successful quarter to date.
-
Revenue growth of 91% year-on-year
-
Net income of $257.4 million compared to a loss last year.
-
CleanSpark holds 12,703 BTC valued at approximately $1.48 billion.
CleanSpark reports record Q3 revenue of $198.6 million, highlighting significant growth in the Bitcoin mining sector.
| Metric | Q3 2025 | Q3 2024 |
|---|---|---|
| Revenue | $198.6 million | $104 million |
| Net Income | $257.4 million | Loss of $236.2 million |
What is CleanSpark’s Q3 Revenue Performance?
CleanSpark’s Q3 revenue performance is remarkable, reaching $198.6 million, which is a 91% increase compared to the same quarter last year. This growth reflects the company’s effective strategy and operational efficiency.
How Did CleanSpark Achieve This Growth?
CleanSpark’s CEO, Zach Bradford, stated, “This was the most successful quarter in CleanSpark’s history.” The company funded operational expenses through Bitcoin production while expanding its treasury, which now exceeds $1 billion.
Frequently Asked Questions
What is CleanSpark’s current Bitcoin treasury?
CleanSpark currently holds 12,703 BTC, valued at approximately $1.48 billion, making it one of the largest Bitcoin holders among public companies.
How did the market react to CleanSpark’s results?
Despite strong earnings, CleanSpark’s shares fell over 2.5% to $10.72, indicating a cautious market response.
Key Takeaways
- Record Revenue: CleanSpark achieved $198.6 million in Q3 2025.
- Significant Profitability: The company reported a net income of $257.4 million.
- Bitcoin Treasury Growth: CleanSpark’s BTC holdings are valued at $1.48 billion.
Conclusion
CleanSpark’s Q3 results highlight its strong performance in the Bitcoin mining sector, with a record revenue and significant profitability. As the company continues to expand its Bitcoin treasury, it positions itself as a leader in the industry.
-
CleanSpark’s Q3 results show a remarkable revenue increase of 91% year-on-year, reaching $198.6 million.
-
The company’s net income of $257.4 million marks a significant turnaround from a loss last year.
-
CleanSpark’s Bitcoin treasury now exceeds $1 billion, solidifying its position in the market.
CleanSpark’s Q3 results underscore its strategic growth and operational success in the competitive Bitcoin mining landscape.
First Company to Hit Hashrate Milestone
CleanSpark also claimed to be the first public mining company to achieve 50 exahashes per second in the US and to have 5.8% of global hashrate under management.
“We reached 50 EH/s of operational hashrate in June, becoming the first public company to do so exclusively with American infrastructure,” said Bradford.
The firm expanded its Bitcoin (BTC) treasury to over $1 billion in value, without needing to raise capital through equity offerings in 2025.
CleanSpark currently holds 12,703 BTC worth around $1.48 billion at current market prices, making it the ninth-largest holder of Bitcoin among public companies.
Results Fail to Woo Investors
Shares in CleanSpark (CLSK) ended trading on Thursday down over 2.5% to $10.72 and saw only a slight bump after-hours that cooled to a less than 1% gain.
Shares in the crypto miner have gained 16.4% since the beginning of 2025, performing better than sector leader MARA Holdings, which is down over 7% this year.
Big Quarter for Bitcoin Miners
Bitcoin mining firms have had a bumper quarter, primarily due to the assets’ 32% appreciation in value over the period.
In late July, MARA Holdings beat analyst expectations in its second-quarter earnings with revenues up 64% year-on-year to $238 million.
Meanwhile, Riot Platforms reported a record $219.5 million in net income for the period.
Magazine: Philippines blocks big crypto exchanges, Coinbase scammer’s stash: Asia Express
