CleanSpark reported strong Q1 fiscal 2025 results with revenue soaring 120% year-over-year to $162.3 million, driven by increased bitcoin mining capacity and higher bitcoin prices. The company's net income surged to $246.8 million, while its bitcoin holdings reached 9,952 BTC valued at $929 million. Operating hashrate grew to 39.1 EH/s, representing 4.87% of global hashrate.The company completed strategic acquisitions including GRIID Infrastructure and expanded its mining operations across Georgia, Mississippi, Tennessee, and Wyoming, with total contracted power capacity reaching 853 MW. CleanSpark also raised $650 million through zero-coupon convertible notes and strengthened its balance sheet with $276.6 million in cash.Looking ahead, CleanSpark continues to expand its infrastructure with ongoing development in Wyoming, Georgia, and Tennessee. The company maintains a strong liquidity position with $1.23 billion in current assets and is focused on sustainable growth through efficient mining operations and strategic acquisitions while managing operational costs through power optimization strategies.

CleanSpark reported strong Q1 fiscal 2025 results with revenue soaring 120% year-over-year to $162.3 million, driven by increased bitcoin mining capacity and higher bitcoin prices. The company's net income surged to $246.8 million, while its bitcoin holdings reached 9,952 BTC valued at $929 million. Operating hashrate grew to 39.1 EH/s, representing 4.87% of global hashrate.The company completed strategic acquisitions including GRIID Infrastructure and expanded its mining operations across Georgia, Mississippi, Tennessee, and Wyoming, with total contracted power capacity reaching 853 MW. CleanSpark also raised $650 million through zero-coupon convertible notes and strengthened its balance sheet with $276.6 million in cash.Looking ahead, CleanSpark continues to expand its infrastructure with ongoing development in Wyoming, Georgia, and Tennessee. The company maintains a strong liquidity position with $1.23 billion in current assets and is focused on sustainable growth through efficient mining operations and strategic acquisitions while managing operational costs through power optimization strategies.