#USA #Las Vegas #CleanSpark #Bitcoin Miner #Fiscal Year 2025

CleanSpark Achieves Remarkable Results for Fiscal Year 2025

On November 25, 2025, CleanSpark, Inc. (Nasdaq: CLSK), commonly recognized as America's Bitcoin Miner®, showcased its outstanding financial performance for the fiscal year ending September 30, 2025. The figures speak volumes: CleanSpark's revenue skyrocketed to approximately $766.3 million, marking a staggering 102% increase from the previous year. This significant boost reflects not only the company's operational efficiency but also its strategic endeavors in capital management and infrastructure development.

Matt Schultz, the Chairman and CEO, expressed his pride in the company’s achievements. He stated, "Fiscal 2025 was pivotal for CleanSpark as we reached an operational hashrate exceeding 50 EH/s and established new revenue benchmarks. Moreover, we have prudently navigated capital markets, opting for instruments like convertible debt instead of relying solely on traditional avenues such as at-the-market sales." This strategic shift is indicative of CleanSpark's commitment to fortifying its financial standing while maximizing operational leverage.

The executive team also emphasized the company's pathway toward innovation, signaling a transition into a comprehensive compute platform. This evolution aims to harness value from both Artificial Intelligence (AI) and Bitcoin workloads. According to Gary A. Vecchiarelli, President and CFO, the foundation for this transformation is evident in their robust expertise in power procurement and infrastructure scaling. "We are uniquely positioned to meet the escalating global demand for compute resources, and our disciplined capital investments have set us up well for future challenges and opportunities," he remarked.

Financial Highlights and Milestones

The accomplishments for CleanSpark extend beyond just revenue and mining capabilities. The financial results for FY 2025 include:

• - Net income soaring to $364.5 million, translating to $1.25 per basic share, a remarkable turnaround from the prior year's net loss of ($145.8) million.
• - The Adjusted EBITDA climbed to $823.4 million from $245.8 million, showcasing the company's strengthened operational health.
• - Notably, CleanSpark increased its contracted power infrastructure by 43%, further underlining its strategic positioning for expansions into AI technologies.

The balance sheet further emphasizes CleanSpark's positive trajectory. As of September 30, 2025, total assets amounted to $3.2 billion, while total stockholders' equity reached $2.2 billion, bolstered by a notable cash reserve of $43.0 million and substantial Bitcoin holdings valued at $1.2 billion.

Investment in Future Opportunities

In a landmark move, CleanSpark successfully completed a $1.15 billion transaction that involves zero-coupon convertible notes. This capital infusion is earmarked for expanding both the company's power capabilities and its land portfolio, which is vital for sustaining the accelerated growth pattern observed in recent fiscal years.

As CleanSpark eyes the future, the leadership is focused on replicating its success in the Bitcoin mining sector across a broader spectrum of compute capabilities, particularly within the high-performance computing and AI landscapes. They believe this diversification is crucial to driving even more shareholder value.

Upcoming Investor Engagement

CleanSpark is set to conduct an investor conference call and web presentation on November 25, 2025, at 4:30 p.m. ET, allowing stakeholders to engage directly with the company’s strategic outlook and recent achievements. For those unable to attend live, a recording will be available for an extended period on CleanSpark's official website.

About CleanSpark

CleanSpark is a leading Bitcoin mining company and data center developer with an extensive portfolio of over 1.3 GW of energy and land assets powered by competitively priced energy sources in the U.S. They excel at combining Bitcoin mining with innovative energy solutions, ensuring they remain a key player in the evolving landscape of cryptocurrency and AI infrastructure.

The company's forward-looking statements, including plans for expansion into AI and high-performance computing, reflect their commitment to digitization and operational excellence. CleanSpark stands poised to navigate the uncertainties of the cryptocurrency and energy sectors while maximizing value for its stakeholders.

In summary, CleanSpark's remarkable fiscal performance in 2025 creates a robust foundation for future growth, particularly in aligning with technological advancements in AI, ensuring its position at the forefront of the Bitcoin mining industry while venturing into new territories for expansion.