Cleanspark Inc Stock Price, News & Analysis

CleanSpark (NASDAQ: CLSK) released its May 2025 Bitcoin mining update, showcasing significant operational growth. The company reached a month-end hashrate of 45.6 EH/s, up 7.5% from the previous month, and is approaching the 50 EH/s milestone. CleanSpark doubled its Bitcoin treasury year-over-year to 12,502 BTC, with 2,210 BTC posted as collateral. In May, the company produced 694 Bitcoin and sold 293.5 BTC at an average price of $102,254. The company secured an additional 72 MW of power, bringing total contracted capacity to 987 MW. Operating with 230,232 deployed miners at an average fleet efficiency of 16.71 J/Th, CleanSpark maintained an average hashrate of 42.5 EH/s and achieved average daily production of 22.39 bitcoin. The company projects reaching 60 EH/s in the future, emphasizing its infrastructure-first strategy and vertically integrated model.

CleanSpark (NASDAQ: CLSK), a pure-play Bitcoin mining company, reported its Q2 FY2025 financial results. The company achieved $181.7 million in quarterly revenue, marking a 62.5% increase from the previous year. Bitcoin production reached 1,957 coins with an average revenue of $92,811 per coin. However, the company recorded a net loss of ($138.8 million), or ($0.49) per share, compared to net income of $126.7 million in the same period last year. CleanSpark's balance sheet shows $97.0 million in cash, $979.6 million in Bitcoin holdings, and total assets of $2.7 billion. The company maintains a working capital of $838.2 million and is on track to reach its 50 EH/s target in June, focusing on infrastructure-first approach and non-dilutive financing through partnerships like their revolving line with Coinbase.

CleanSpark (NASDAQ: CLSK) released its April 2025 Bitcoin mining update, showcasing strong operational performance. The company produced 633 Bitcoin in April, maintaining 12,101 BTC in treasury (with 1,894.4 BTC as collateral). Operating with an average hashrate of 40.1 EH/s and fleet efficiency of 16.98 J/Th, CleanSpark mined an average of 21.1 bitcoin daily. The company strategically sold 401.39 BTC at an average price of $90,084 to self-fund operations. Notable developments include securing a $200 million revolving credit facility with Coinbase and progress on construction projects in Tennessee and Wyoming. CleanSpark remains on track to reach 50 EH/s by mid-2025, with current month-end operating hashrate at 42.4 EH/s and 915 MW under contract.

CleanSpark (NASDAQ: CLSK), America's Bitcoin Miner®, has announced it will host a live webcast to discuss its fiscal second quarter 2025 financial results on Thursday, May 8, 2025 at 4:30 p.m. EST / 1:30 p.m. PST. The company will make downloadable files, including a transcript, available on their website 48 hours after the event.

CleanSpark (CLSK) has announced a significant expansion of its capital strategy, securing a $200 million Bitcoin-backed credit facility from Coinbase Prime. The company has launched an institutional-grade Bitcoin treasury desk after completing partner selections across borrowing, lending, custody, and derivatives services.

The company currently holds over 12,000 Bitcoin, valued at approximately $1 billion (based on $84,500 BTC price as of April 14, 2025). CleanSpark is shifting from its previous 100% hold strategy, implemented in mid-2023, to now using a portion of monthly Bitcoin production for operational expenses. This transition marks the company's achievement of 'escape velocity' - the ability to self-fund operations while maintaining Bitcoin treasury growth.

The company aims to reach 50 exahash in mining capacity and views debt markets as the most efficient path for accretive growth, prioritizing non-dilutive funding options over equity dilution.

CleanSpark (CLSK), America's Bitcoin Miner, has announced its participation in the upcoming Jones Healthcare and Technology Innovation Conference. The company's Executive Chairman Matthew Schultz will engage in a fireside chat scheduled for April 9, 2025, at 2:30 p.m. PT / 5:30 p.m. ET.

Interested parties can access a live webcast of the discussion through the Events and Presentations section of CleanSpark's investor relations website. The recorded session will remain available for approximately 90 days following the event.

CleanSpark (CLSK) has secured the 35th position on The Financial Times' 2025 list of the 500 Fastest Growing Companies in the Americas. The ranking, compiled in collaboration with Statista Inc., evaluates companies across 20 North, Central and South American countries.

The company reported significant growth metrics, including a 123% revenue increase in FY2024 compared to FY2023. CleanSpark's Bitcoin mining operations are expected to reach 50 EH/s in hashrate during the first half of 2025. The company currently controls approximately 5% of the global Bitcoin network hashrate, positioning it among the world's largest bitcoin producers.

The company maintains a strong balance sheet with nearly 12,000 bitcoin holdings, demonstrating financial stability since entering the Bitcoin mining sector in 2020.

CleanSpark (CLSK) reported strong performance in its March 2025 Bitcoin mining operations. The company achieved 706 bitcoin produced, marking a 13% increase month-over-month, while maintaining 11,869 bitcoin in treasury. The operational hashrate reached 42.4 EH/s, up 4.2% from the previous month.

The company's expansion initiatives include new developments across multiple states: Wyoming (adding 2.5 EH/s), Tennessee (adding 4 EH/s), and ongoing expansions in Mississippi and Georgia (contributing 2 EH/s). With 915 MW under contract and an average fleet efficiency of 17.03 J/Th, CleanSpark mined an average of 22.78 bitcoin daily in March.

The company sold 14.23 bitcoin at an average price of $87,742. Despite industry-wide concerns about new tariffs, CleanSpark maintains its growth trajectory, citing advantages in lower capital costs, purchasing power, and operational excellence.

CleanSpark (CLSK) has announced its upcoming inclusion in the S&P SmallCap 600® Index, effective before market open on Monday, March 24, 2025. This development marks a significant milestone for the America's Bitcoin Miner®, as the index specifically measures the small-cap segment of the U.S. equity market.

CEO Zach Bradford highlighted this inclusion as an important recognition of the company's consistent performance, noting it will enhance visibility within the investment community and showcase their value proposition as a pure play, vertically integrated Bitcoin mining company.