Bitcoin miner CleanSpark reports record revenue for FY 2025 amid broader AI shift
CleanSpark achieved record $766.3 million revenue in FY 2025, driven by its strategic pivot toward AI compute infrastructure.Summary
Bitcoin miner CleanSpark reported a transformative fiscal year 2025, posting record revenue of $766.3 million, a 102% increase from the previous year, alongside a net income of $364.5 million. CEO Matt Schultz highlighted achieving operating leverage, surpassing 50 EH/s of hashrate, and prioritizing financing tools like convertible debt over ATM programs. The company is actively evolving into a "comprehensive compute platform" positioned to capitalize on both Bitcoin and AI workloads. This strategic shift is supported by recent financing, including a $1.15 billion convertible notes offering, which funded share repurchases and will support power acquisition and data center development for AI expansion. CleanSpark also hired an executive to lead its AI data-center unit and maintained a significant treasury, holding over 13,000 BTC as of September 30, 2025.
(Source：The Block)