CleanSpark Releases October 2025 Bitcoin Mining Update

Rhea-AI Summary

CleanSpark (Nasdaq: CLSK) released its unaudited October 2025 bitcoin mining and operations update on Nov 4, 2025. Key operational figures include 612 bitcoin produced in October, operational hashrate 50 EH/s, average operating hashrate 46.6 EH/s, deployed fleet 240,271 miners, and total bitcoin holdings 13,033 as of Oct 31.

Corporate developments mark a business evolution into AI/HPC: CleanSpark hired Jeffrey Thomas to lead AI data center development, selected Submer as an infrastructure partner, and acquired 271 acres plus secured 285 MW of long-term power near Houston for a dedicated AI data center. The company reported 589.88 BTC sold for $64.9M (average $110,057 per BTC) and a power portfolio of 1.31 GW under contract with 808 MW utilized.

Positive

• AI data center land acquisition of 271 acres near Houston
• 285 MW of long-term power agreements secured for AI campus
• Selected Submer as first next-generation compute infrastructure partner
• Hired industry veteran Jeffrey Thomas to lead AI data center development
• 13,033 BTC total holdings as of October 31, 2025

Negative

• 589.88 BTC sold in October for $64,921,047, reducing treasury BTC holdings
• 5,444 BTC of holdings posted as collateral or receivable
• 1.31 GW under contract vs 808 MW currently utilized (capacity not fully used)

News Market Reaction

-6.89%

6 alerts

-6.89% News Effect

-$362M Valuation Impact

$4.90B Market Cap

41K Volume

On the day this news was published, CLSK declined 6.89%, reflecting a notable negative market reaction. Our momentum scanner triggered 6 alerts that day, indicating moderate trading interest and price volatility. This price movement removed approximately $362M from the company's valuation, bringing the market cap to $4.90B at that time.

Data tracked by StockTitan Argus on the day of publication.

Monthly bitcoin production of 612, contracted power grows 28%

First month of FY26 includes business evolution with key AI and HPC announcements

LAS VEGAS, Nov. 4, 2025 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK), America's Bitcoin Miner® (the "Company"), today released its unaudited Bitcoin mining and operations update for the month ended October 31, 2025. 

• Business evolution: Initiation of CleanSpark's AI and high-performance computing (HPC) strategy
• Key leadership addition: Jeffrey Thomas, industry veteran, hired to lead AI data center development
• Strategic partnership: Selected Submer as CleanSpark's first next-generation compute infrastructure partner
• AI expansion: Acquired 271 acres and secured 285 MW of long-term power agreements near Houston, Texas, for a dedicated AI data center

"This is an incredibly exciting time for CleanSpark. We've laid the foundation for our next phase of growth, selected our first strategic infrastructure partner, and secured land and power contracts for a dedicated AI data center," said Matt Schultz, Chief Executive Officer and Chairman. "These milestones show that we're not just talking about growth — we're executing it. While Bitcoin remains an integral part of our business, we're equally focused on developing large-scale data centers that will power the next generation of innovation across the digital world."

"As we continue to maximize the megawatts across our portfolio, it's essential that we operate as one integrated data center business," said Gary A. Vecchiarelli, Chief Financial Officer and President. "The cash flows from our mining operations, along with the strength of our strategic treasury and the non-dilutive capital it enables, position us to invest confidently in our growing AI capabilities. Our business has been built for this moment."

October 2025 Bitcoin Mining Highlights (Unaudited)

Production Metrics
Bitcoin produced	612
Peak single day bitcoin production	20.42
Average daily bitcoin production	19.75
CY2025 bitcoin produced	6,537
Fleet Metrics
Operational Hashrate1	50 EH/s
Average operating hashrate	46.6 EH/s
Peak efficiency of deployed fleet	16.07 J/Th
Deployed fleet as of October 31	240,271
Bitcoin Treasury Metrics
Total bitcoin holdings as of October 312	13,033
Total bitcoin sold3	589.88
Total USD proceeds from sale of BTC3	$64,921,047
Average price per BTC sold	$110,057
Power Portfolio Metrics
GW under contract4	1.31
Utilized MW5	808

1Operational Hashrate refers to the highest hashrate historically achieved concurrently by all installed and functional miners that were: properly racked and configured, supported by energized infrastructure, and capable of actively contributing to our mining pool or directly to the Bitcoin network. 2As of October 31, 2025, CleanSpark's Bitcoin holdings were 13,033 in total (5,444 bitcoin of this amount was posted as collateral or as a receivable). 3Bitcoin sold is net of any bitcoin purchases. 4GW under contract includes all contracted power capacity for wholly owned or leased sites and excludes any other non-binding arrangements.  5Utilized MW represents the maximum megawatts used concurrently in support of the fleet's Operational Hashrate.

About CleanSpark
CleanSpark (Nasdaq: CLSK), America's Bitcoin Miner®, is a market-leading data center developer with a proven track record of success. We own a portfolio of more than 1.3 GW of power, land, and data centers across the United States powered by globally competitive energy prices. Sitting at the intersection of Bitcoin, energy, operational excellence and capital stewardship, we optimize our infrastructure to deliver superior returns to our shareholders. Monetizing low-cost, high reliability energy by producing a global emerging critical resource – compute – positions us to prosper in an ever-changing world. Visit our website at www.cleanspark.com.

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In this press release, forward-looking statements include, but may not be limited to, statements regarding the Company's expectations, beliefs, plans, intentions, and strategies. In some cases, you can identify forward-looking statements by terms such as "may," "will," "should," "expects," "plans," "anticipates," "could," "intends," "targets," "projects," "contemplates," "believes," "estimates," "forecasts," "predicts," "potential" or "continue" or the negative of these terms or other similar expressions. The forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to: the success and performance of the Company's non-bitcoin data center activities and expansion into non-bitcoin infrastructure;  completion of construction, regulatory approvals, and electrical power availability to achieve anticipated growth; the success and performance of the digital asset management and derivatives trading activities, which were only recently commenced; the success of our digital currency mining activities; bitcoin volatility; the dependency on utility rate structures and government incentive programs;  and other risks described in the Company's prior press releases and in its filings with the Securities and Exchange Commission (SEC), including under the heading "Risk Factors" in those filings. Forward-looking statements contained herein are made only as to the date of this press release, and we assume no obligation to update or revise any forward-looking statements as a result of any new information, changed circumstances or future events or otherwise, except as required by applicable law.  

Investor Relations Contact  
Harry Sudock
702-989-7693 
ir@cleanspark.com 

Media Contact 
Eleni Stylianou
702-989-7694
pr@cleanspark.com

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SOURCE CleanSpark, Inc.

FAQ

How many bitcoins did CleanSpark (CLSK) produce in October 2025?

CleanSpark produced 612 bitcoin in October 2025 (unaudited).

What is CleanSpark's operational hashrate reported Oct 31, 2025 for CLSK?

Operational hashrate was reported at 50 EH/s, with average operating hashrate 46.6 EH/s.

How many bitcoin does CleanSpark (CLSK) hold as of Oct 31, 2025?

CleanSpark held a total of 13,033 bitcoin as of October 31, 2025.

What AI data center assets did CleanSpark announce on Nov 4, 2025 for CLSK?

CleanSpark announced acquisition of 271 acres and secured 285 MW of long-term power near Houston for a dedicated AI data center.

How much bitcoin did CleanSpark (CLSK) sell in October 2025 and for how much?

CleanSpark sold 589.88 BTC for $64,921,047 in total, at an average of $110,057 per BTC.

What power capacity does CleanSpark (CLSK) have under contract versus utilized?

CleanSpark reported 1.31 GW under contract and 808 MW utilized as of Oct 31, 2025.