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CleanSpark Reports $181.7M In Q2 Revenue, Stays On Course To Hit 50 EH/s Bitcoin Mining Target

May 8, 2025Updated:May 9, 2025No Comments3 Mins Read
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CleanSpark Reports 1.7M In Q2 Revenue, Stays On Course To Hit 50 EH/s Bitcoin Mining Target
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CleanSpark, American Bitcoin mining firm, introduced its monetary outcomes for the second quarter of fiscal yr 2025, reporting $181.7 million in income for the three months ended March 31. This marks a 62.5% improve from $111.8 million in the identical quarter final yr.

Regardless of the income development, the corporate reported a internet lack of $138.8 million, or $0.49 per primary share, in comparison with internet earnings of $126.7 million, or $0.59 per primary share, through the prior-year interval. Adjusted EBITDA additionally declined to unfavourable $57.8 million from $181.8 million a yr in the past.

As of March 31, 2025, CleanSpark held $97.0 million in money and $979.6 million in bitcoin. Whole present property stood at $947.5 million, with mining property (together with pay as you go deposits and deployed miners) totaling $899.6 million. Whole property reached $2.7 billion. The corporate’s liabilities amounted to $766.5 million, with $109.3 million in present liabilities and $641.7 million in long-term debt. Whole stockholders’ fairness was $1.9 billion.

CleanSpark reported working capital of $838.2 million as of March 31, 2025, which features a $50 million bitcoin-backed credit score line. This facility offers versatile funding whereas permitting the corporate to protect fairness and strategically leverage its bitcoin holdings.

At present $CLSK reported fiscal yr second quarter 2025 outcomes (ended 3/31/25).

*Quarterly income: $181.7 million (up 62.5% from prior yr)
*Bitcoin manufacturing: 1,957
*Common income per coin: $92,811

Full press launch right here: https://t.co/7oavSoK8ph

“This was 1 / 4… pic.twitter.com/uq7JPIQ5EY

— CleanSpark Inc. (@CleanSpark_Inc) May 8, 2025