Overview
- Fiscal 2025 revenue rose 102% to $766.3 million, with $364.5 million in net income and $823.4 million in adjusted EBITDA.
- Shares closed up about 14% at $13.45 after the report, outpacing other crypto miners.
- CleanSpark issued $1.15 billion of zero‑coupon convertible notes, generating $1.13 billion in net proceeds and repurchasing 30.6 million shares for $460 million.
- Operational scale reached more than 50 EH/s while contracted power increased 43% to 1,027 MW, positioning the company for AI capacity builds.
- The company advanced its AI shift by hiring Jeffrey Thomas to lead its data‑center unit and by reviewing its Sandersville, Georgia site for AI tenants.