CleanSpark Announces FY25 Earnings, States It's 'Evolving' to Enhance AI and Bitcoin Operations
Financial Performance: CleanSpark Inc reported fiscal 2025 revenue of $766.3 million, a 102.2% increase from the previous year, with earnings per share improving to $1.25 from a loss of 69 cents.
Adjusted EBITDA Growth: The company's adjusted EBITDA rose significantly to $823.4 million, up from $245.8 million a year ago.
Cash and Bitcoin Holdings: As of September 30, CleanSpark had $43 million in cash and $1.2 billion in Bitcoin, alongside announcing $1.15 billion in financing to expand its operations.
Future Outlook: CEO Matt Schultz emphasized the company's evolution into a comprehensive compute platform aimed at optimizing value from AI and Bitcoin workloads, leveraging their expertise in power procurement and infrastructure development.
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