CLEANSPARK (CLSK) Company Report

CleanSpark, Inc. has entered into a definitive agreement to acquire up to 447 acres of land in Brazoria County, Texas, for a large-scale data center project.
This project is designed to support a 300 MW demand load with potential expansion up to 600 MW, with the closing expected in Q1 2026.
The acquisition is CleanSpark's second strategic development in the greater Houston region, aiming to establish a regional power and infrastructure hub for artificial intelligence (AI) and high-performance computing (HPC) workloads.
With this addition, CleanSpark is approaching a gigawatt of total potential capacity in the Houston area.

18 hours ago

Press Release

CleanSpark Reports December 2025 Operational Performance

CLSK

New Projects/Investments

Revenue Acceleration/Inflection

CleanSpark released its unaudited mining and operations update for the month ended December 31, 2025.
The company achieved over 10% year-over-year production growth despite ongoing network difficulty increases.
CleanSpark is advancing AI infrastructure plans in Georgia, Texas, and beyond.
The company demonstrated fast-acting demand response for TVA in Tennessee, curtailing hundreds of megawatts of mining power within 10 minutes of request.

1 day ago

Press Release

CleanSpark Releases December 2025 Bitcoin Mining Update and Announces Strategic AI Expansion

CLSK

New Projects/Investments

Debt Issuance

Revenue Acceleration/Inflection

CleanSpark produced 622 Bitcoin in December 2025, contributing to a calendar year 2025 total of 7,746 Bitcoin, an increase of more than 10% year-over-year.
As of December 31, 2025, the company held 13,099 Bitcoin and sold 577 Bitcoin in December for $51,461,322 at an average price of $89,210 per BTC.
The company is expanding its focus to include AI compute, marked by the hiring of a new SVP for AI Data Centers, selecting Submer as a strategic partner, and entering the Texas market with a 271-acre site and 285 megawatts of power for AI data centers.
CleanSpark closed an upsized $1.15 billion zero-coupon convertible notes offering to support its power portfolio expansion.
The company demonstrated its operational flexibility by curbing Bitcoin mining power consumption in Tennessee for the Tennessee Valley Authority (TVA) during high demand, responding within 10 minutes of the request.

Jan 6, 2026, 1:30 PM

Press Release

CleanSpark Releases November 2025 Bitcoin Mining Update and Fiscal Year 2025 Results

CLSK

Earnings

Debt Issuance

Share Buyback

CleanSpark reported over $766 million in revenue for fiscal year 2025 and mined 587 bitcoin in November 2025, contributing to a calendar year 2025 total of 7,124 bitcoin.
The company completed a $1.15 billion zero-coupon convertible notes offering and repurchased approximately 30.6 million shares (representing about 10.9% of its outstanding common stock) for $460 million.
As of November 30, 2025, CleanSpark held 13,054 bitcoin and sold 565.41 bitcoin for $52,005,409 at an average price of $91,979 per BTC.
CleanSpark increased its contracted power to over 1.4 GW and achieved an operational hashrate of 50 EH/s.

Dec 3, 2025, 2:00 PM

Press Release

CleanSpark Reports Record FY 2025 Revenues and Strategic Shift to AI Data Centers

CLSK

Earnings

New Projects/Investments

Share Buyback

CleanSpark achieved record revenues of $766 million for fiscal year 2025, representing over 100% year-over-year growth, with a gross margin of 55%. The normalized adjusted EBITDA from operations for the full year was approximately $305 million.
The company is strategically evolving into a digital infrastructure platform, positioning itself for generative AI, high-performance computing, and grid balancing. This includes securing a 285 MW site in Texas for an AI factory and identifying existing sites in Sandersville, Georgia (250 MW) and Metro Atlanta (over 100 MW) for potential AI campuses.
CleanSpark issued a $1.15 billion convertible note and used the proceeds for a $460 million stock buyback, reducing outstanding shares by 10.9%, and paying off over $200 million in lines of credit.
The operational hash rate reached 50 exahash per second in June 2025, and the company's Bitcoin treasury grew by nearly 62% to over 13,000 Bitcoin.

Nov 25, 2025, 9:30 PM

Transcript

CleanSpark Reports Record FY2025 Revenue and Announces Strategic AI/HPC Expansion

CLSK

Earnings

New Projects/Investments

Share Buyback

CleanSpark achieved record revenues of $766 million for fiscal year 2025, maintaining a 55% gross margin despite the Bitcoin halving, and grew its Bitcoin treasury by 62% to over 13,000 Bitcoin.
The company is strategically expanding into AI and high-performance computing (HPC) data centers, leveraging its existing power and land portfolio, including securing a 285-megawatt site in Texas for an AI factory.
Financially, CleanSpark issued a $1.15 billion 0% convertible note and utilized $460 million of the proceeds for a stock buyback, resulting in a 10.9% reduction in outstanding shares.
For Q4 2025, revenue increased 13% quarter-over-quarter, and normalized adjusted EBITDA rose 25% to $97 million, with normalized margins of 43%.

Nov 25, 2025, 9:30 PM

Transcript

CleanSpark Announces Strong FY 2025 Financial Results

CLSK

Earnings

Revenue Acceleration/Inflection

Debt Issuance

CleanSpark reported full-year 2025 revenue of $766.3 million, a significant increase from $378.9 million in FY 2024.
Net income for FY 2025 was $364.5 million, marking a substantial turnaround from a net loss of ($145.8 million) in FY 2024.
Adjusted EBITDA for FY 2025 reached $823.4 million, with a margin of 107.5%.
For Q4 2025, the company recorded revenue of $223.7 million, a net loss of ($0.9 million), and Adjusted EBITDA of $181.8 million.
As part of its capital strategy, CleanSpark closed a $1.15 billion convertible bond at 0% interest.

Nov 25, 2025, 9:30 PM

Presentation

CleanSpark Reports Record FY 2025 Results and Accelerates AI/HPC Data Center Strategy

CLSK

Earnings

New Projects/Investments

Convertible Preferred Issuance

CleanSpark reported record revenues of $766 million and a gross margin of 55% for fiscal year 2025, achieving a net income of about $365 million and normalized adjusted EBITDA of $305 million.
The company is strategically evolving into a digital infrastructure platform, expanding beyond Bitcoin mining into AI and high-performance computing (HPC), securing a 285-megawatt site in Texas for an AI factory and identifying its 250-megawatt Sandersville, Georgia site for immediate AI/HPC opportunities.
CleanSpark completed a $1.15 billion upsized 0% convertible note with a 27.5% conversion premium, using proceeds to execute a $460 million stock buyback (reducing outstanding shares by over 10%), pay off over $200 million in lines of credit, and fund further power and land acquisitions for its AI data center strategy.
The company achieved 50 exahash per second in operational hash rate and grew its Bitcoin treasury by nearly 62% to over 13,000 in FY 2025.

Nov 25, 2025, 9:30 PM

Transcript

CleanSpark Reports Strong Fiscal Year 2025 Results

CLSK

Earnings

Revenue Acceleration/Inflection

New Projects/Investments

CleanSpark reported fiscal year 2025 revenues of $766.3 million, marking a 102.2% increase from the prior year, and achieved net income of $364.5 million or $1.25 per basic share for the year ended September 30, 2025.
The company's Adjusted EBITDA increased to $823.4 million for fiscal year 2025, up from $245.8 million a year ago.
As of September 30, 2025, CleanSpark's balance sheet showed $1.2 billion in Bitcoin and total assets of $3.2 billion, with working capital of $1 billion.
CleanSpark surpassed 50 EH/s in operational hashrate and recently closed a $1.15 billion 0% convertible transaction to accelerate expansion of its power and land portfolio, positioning itself as a comprehensive compute platform for AI and bitcoin workloads.

Nov 25, 2025, 9:05 PM

8-K

CleanSpark Reports Strong Fiscal Year 2025 Results and Strategic Expansion

CLSK

Earnings

Revenue Acceleration/Inflection

New Projects/Investments

CleanSpark reported fiscal year 2025 revenues of $766.3 million, representing a 102.2% increase from the prior year.
The company achieved net income of $364.5 million or $1.25 per basic share for fiscal year 2025, a significant improvement from a net loss in the previous year.
Adjusted EBITDA increased to $823.4 million from $245.8 million a year ago, reflecting operating leverage.
CleanSpark surpassed 50 EH/s in operational hashrate and secured a $1.15 billion 0% convertible transaction to accelerate expansion into AI infrastructure.
As of September 30, 2025, the company's balance sheet showed total assets of $3.2 billion, including $1.2 billion in Bitcoin, and total stockholders' equity of $2.2 billion.