Cleanspark Inc Stock Price, News & Analysis

Bybit, the world's second-largest crypto exchange, has announced the listing of three new stocks on its TradFi platform: SharpLink Gaming (NASDAQ: SBET), CleanSpark (NASDAQ: CLSK), and Bitfarms (NASDAQ: BITF).

Notable among these is SBET, which has reportedly acquired 74,656 ETH (valued at $213 million), with 99.7% of its holdings deployed in staking strategies since June. This significant Ethereum position has led analysts to compare SBET to MicroStrategy's Bitcoin strategy, dubbing it "Ethereum's version of MicroStrategy."

CleanSpark (Nasdaq: CLSK), America's Bitcoin Miner®, has achieved a significant milestone by reaching 50 EH/s operational hashrate in June 2025, becoming the first Bitcoin miner to do so through fully self-operated infrastructure. The company reported a 9.6% month-over-month increase in hashrate and improved fleet energy efficiency to 16.15 J/Th.

The company now holds 12,608 BTC in treasury, ranking seventh among public companies globally, all self-mined. CleanSpark's Digital Asset Management program achieved an average sale price of $105,860 per bitcoin in June, outperforming VWAP by $446. The company has secured 179 megawatts of additional power capacity, supporting over 10 EH/s of incremental hashrate for future growth.

CleanSpark (Nasdaq: CLSK), America's Bitcoin Miner, has achieved a significant milestone of 50 exahashes per second (EH/s) of operational hashrate, becoming the first publicly traded miner to reach this scale with fully self-operated infrastructure. The company's operations span across 30+ locations in Georgia, Mississippi, Tennessee, and Wyoming.

The company maintains a strategic bitcoin treasury of over 12,500 BTC managed by its Digital Asset Management division, which began generating results through active monetization and yield initiatives in May. CleanSpark has laid the groundwork to expand to 60 EH/s and beyond, emphasizing capital-efficient growth through its vertically integrated control over energy procurement, development, and operations.

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.