CLSK
CleanSpark, Inc.11.86
-0.06-0.46%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
3.17BP/E (TTM)
10.59Basic EPS (TTM)
1.12Dividend Yield
0%Recent Filings
8-K
FY25 revenue doubles to $766M
CleanSpark posted FY2025 revenue of $766.3 million, up 102% from prior year, with net income swinging to $364.5 million from a $145.8 million loss. Bitcoin holdings hit $1.2 billion atop $43 million cash, fueling AI pivot via 43% contracted power growth. Recent $1.15 billion 0% convertible bolsters infrastructure push. Risks shadow expansion.
10-K
FY2025 results
CleanSpark mined 7,873 bitcoins in FY2025 ended September 30, 2025, down 11.0% y/y from 7,092 despite the April 2024 halving, thanks to hashrate expansion from 27.6 EH/s to 45.6 EH/s (peak 50 EH/s) across 1,027 MW in owned facilities. Revenue doubled to $766M on higher bitcoin prices (avg $97K vs $53K), with energy costs at 43.9% of revenue ($0.057/kWh). Q4 momentum shone through Georgia (620 MW, 27 EH/s), Tennessee expansions, and net income of $364M fueled by $426M bitcoin fair value gains. Debt stands at $835M including $650M 2030 convertibles; bitcoin treasury generated $10M derivatives proceeds. Bitcoin price volatility threatens mined rewards.
8-K
Launches $1B notes offering
CleanSpark announced plans for a $1 billion convertible senior notes offering due 2032, with an option for $200 million more, on November 10, 2025. It eyes $400 million of proceeds for concurrent common stock repurchases at closing price, rest for power expansion, data centers, debt repayment. Post-June 30, it booked $59 million liability for miner costs and state taxes. Notes carry market risks.
8-K
CleanSpark enters Texas AI market
CleanSpark acquired rights to 271 acres in Austin County, Texas, and secured 285 MW in long-term power agreements on October 29, 2025, to build an AI data center campus. This deal boosts the company's power under contract by 28%, fueling its shift from bitcoin mining to high-performance compute for AI and cloud demands. Energization of over 200 MW is slated for early 2027. Yet diversification risks diverting resources from core mining operations.
8-K
Prospectus for share resale filed
CleanSpark filed a prospectus supplement on October 29, 2025, enabling a stockholder to resell up to 1,788,834 shares of common stock under its existing S-3ASR registration. This move supports liquidity for the seller without direct company proceeds. The filing includes a legal opinion validating the shares. No financial impact on CleanSpark is disclosed.
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