CleanSpark Inc., a data center developer primarily focused on bitcoin mining, reported a net income of $364.46 million for the fiscal year ended September 30, 2025, a significant increase compared to the net loss of $145.78 million in the previous fiscal year. The company's revenue reached $766.31 million, more than doubling the $378.97 million reported in fiscal year 2024. This growth was attributed to both an increase in the average bitcoin price and an expansion of the company's mining operations, with the number of miners in operation rising to 241,934 as of September 30, 2025, from 188,500 in the prior year. Despite the April 2024 bitcoin halving, which reduced per-block rewards by 50%, CleanSpark nearly matched its prior-year production by expanding its operational footprint.
Key operational metrics for CleanSpark include an average computing power of 45.6 exahash per second (EH/s) as of September 30, 2025, with a peak of 50 EH/s during the period. The company mined approximately 7,873 bitcoins, net of mining pool fees, during the fiscal year, a decrease of 11% compared to the 7,092 bitcoins mined in fiscal year 2024. The average energy efficiency of its miners in service was 16.7 watts per terahash (W/TH). The company also launched an institutional-grade in-house trading function in April 2025 to manage its bitcoin holdings and hedge against price volatility.
CleanSpark is diversifying its business by leveraging its data center infrastructure for AI and high-performance computing (HPC) hosting. In October 2025, the company acquired rights to approximately 271 acres of land in Austin County, Texas, and executed long-term power supply agreements totaling 285 megawatts to support the development of a next-generation data center campus. The company is also exploring opportunities to expand some of its existing properties into HPC or AI data centers and to acquire properties for these purposes. As of September 30, 2025, CleanSpark had 314 staff members, all located in the United States.
Looking ahead, CleanSpark intends to continue its growth in existing regions and is actively developing plans for additional capacity in these states and other domestic regions. While the company intends to continue its bitcoin mining operations, its entry into the AI and HPC sectors may result in the reallocation of resources, including power capacity and capital investment, toward supporting these new initiatives. The company is also exploring opportunities for future collaboration with Submer Technologies to focus on its core strengths in power and infrastructure while Submer delivers specialized cooling and deployment capabilities to support next-generation AI infrastructure at gigawatt scale.
About CLEANSPARK, INC.
CleanSpark, Inc. is a U.S.-based bitcoin mining company operating a portfolio of proprietary data centers across multiple states, including Georgia, Tennessee, Mississippi, and Wyoming. It deploys high-efficiency ASIC mining equipment to contribute computing power to a mining pool operator, generating bitcoin rewards. The company focuses on operational efficiency, energy management, and infrastructure ownership to support scalable bitcoin mining, serving the global digital asset ecosystem through a proof-of-work consensus model.
About 10-K Filings
A 10-K form is a comprehensive annual report that public companies in the United States must file with the SEC, providing a detailed overview of the company's financial condition, performance, and business strategies.
Key points about the 10-K:
- Frequency: Filed annually, typically within 60 to 90 days after the end of the company's fiscal year.
-
Content: It includes:
- Detailed financial statements audited by an independent accounting firm
- Management's Discussion and Analysis (MD&A) of financial condition and results
- Description of the company's business, properties, and legal proceedings
- Risk factors and market risks
- Executive compensation and corporate governance information
- Importance: Considered the most comprehensive and important document a public company files with the SEC.
- Length: Often exceeds 100 pages due to its extensive and detailed nature.
Our Methodology
AssetRoom is committed to providing timely summaries of news from public companies. We use AI to generate these summaries quickly, but they are not reviewed by human experts.
Our method:
- Data Collection: We continuously monitor for new filings (currently limited to US-listed stocks).
- AI-Powered Analysis: Our advanced AI system processes each filing, identifying key information and extracting relevant data.
- Summary Generation: The AI creates a concise, easy-to-understand summary of the filing, highlighting the most important points.
- Publication: The summary is immediately published on our platform, allowing users instant access to the latest information.
- Email users: We distribute round-up emails according to our users preferences, keeping them in the loop with the companies they follow.
Feedback & Corrections
Spot an error or have a suggestion? Contact us.