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CleanSpark's November 2025 Bitcoin Mining Update

On December 3, 2025, CleanSpark, Inc. (Nasdaq: CLSK), proudly known as America's Bitcoin Miner®, disclosed its latest updates regarding bitcoin mining and operations for the month ending November 30, 2025. This unaudited report reveals notable achievements that reflect CleanSpark's ability to adapt and thrive within a continuously evolving market.

Key Highlights of November 2025

In November, CleanSpark successfully mined a total of 587 bitcoin, demonstrating its efficiency in operations. The company has also expanded its contracted power to over 1.4 gigawatts (GW), marking an increase of nearly 11% with an additional 125 megawatts (MW) added within Tennessee Valley Authority’s service area. The growth in contracted power exemplifies CleanSpark's commitment to leveraging energy resources effectively.

CEO Matt Schultz commented on the company’s achievements, emphasizing, "Our team's investment in a shared mission has driven our progress this year. We’re actively focused on improving CleanSpark’s power contracts, mining operations, and positioning ourselves favorably to meet future demands."

Financial Developments

The financial landscape for CleanSpark has also evolved significantly. On November 13, they announced the closing of a $1.15 billion offering of zero-coupon convertible senior notes, due in 2032. As part of this financing strategy, they repurchased approximately 30.6 million shares of its outstanding common stock, amounting to around $460 million. This proactive financial management showcases CleanSpark's determination to fortify its market standing.

The proceeds from the convertible notes will be allocated toward expanding CleanSpark's power and land assets, enhancing data center infrastructure, settling outstanding bitcoin-backed credit balances, and addressing general corporate expenses. CleanSpark's ability to navigate these financial avenues provides a robust foundation for further growth.

Mining Metrics & Performance

In terms of mining performance, CleanSpark reported the following key metrics for November:

• - Total Bitcoin Produced: 587
• - Peak Single-Day Production: 20.44 bitcoin
• - Average Daily Production: 19.54 bitcoin
• - Total Bitcoin Mined in CY2025: 7,124 bitcoin

Their operational hashrate reached 50 EH/s, while the average operating efficiency was noted at 47.4 EH/s. The significant efficiency of the deployed fleet is paramount to maintaining competitive production levels.

CleanSpark’s bitcoin treasury metrics reveal a total of 13,054 bitcoin held as of November 30, with an average sale price of $91,979 per bitcoin. By efficiently managing both bitcoin production and treasury, CleanSpark not only illustrates its operational prowess but also positions itself favorably amid market volatility.

Future Outlook

The company's strategic outlook remains positive. Their commitment to expanding infrastructure and optimizing operations is crucial as they face an ever-competitive market. CleanSpark plans to invest further in energy capabilities, leverage favorable energy pricing, and continuously adapt to technological advancements in mining.

With these efforts, CleanSpark is well-positioned to continue leading in the bitcoin mining industry. Investors and stakeholders can look forward to more updates as the company navigates the future landscape of cryptocurrency mining and energy technologies.

Conclusion

In summary, CleanSpark's recent updates reflect substantial growth and strategic expansions, underscoring its commitment to operational excellence and financial innovation. As they proceed into 2026, all eyes will be keenly monitoring their advancements and market maneuvers.