CleanSpark, a number one American bitcoin mining firm, posted its most profitable quarter to this point with report income and profitability for Q3 2025.
Income and revenue surge
The corporate introduced income of $198.6 million for the quarter ending in June, a 91% enhance in comparison with $104 million in the identical interval final 12 months.
Web earnings soared to $257.4 million, a reversal from a $236.2 million loss the earlier 12 months. Diluted earnings per share reached 78 cents, considerably surpassing analyst estimates of round 20 cents.
CleanSpark CEO Zach Bradford described the milestone:
“This was essentially the most profitable quarter in CleanSpark’s historical past, and it displays the power of our technique.”
Chief monetary officer Gary Vecchiarelli emphasised the corporate’s operational effectivity:
“Fiscal Q3 was a pivotal quarter for CleanSpark, as we totally funded operational bills by means of month-to-month Bitcoin manufacturing whereas concurrently increasing our Bitcoin treasury.”
Hashrate milestone and treasury development
In June, CleanSpark turned the primary public miner to achieve 50 exahashes per second (EH/s) of operational hashrate utilizing completely American infrastructure.
This achievement means CleanSpark now controls about 5.8% of the worldwide community hashrate.
The corporate additionally expanded its bitcoin treasury to over $1 billion in worth with out elevating new capital in 2025.
As of the tip of the quarter, CleanSpark held 12,703 BTC, making it the ninth-largest public holder.
For up to date figures, see the bitcoin mining firms’ holdings.
Market response and business context
Regardless of sturdy outcomes, CleanSpark shares closed down over 2.5% to $10.72 on Thursday, with solely a minor after-hours rebound.
Yr-to-date, CleanSpark inventory has gained 16.4%, outperforming sector chief MARA Holdings, which is down over 7%.
Bitcoin miners broadly benefited from a 32% appreciation in bitcoin’s value over the quarter.
Different main miners like MARA Holdings and Riot Platforms additionally posted sturdy monetary outcomes, with MARA reporting $238 million in income and Riot $219.5 million in internet earnings.
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