CleanSpark Q3 revenue up 90.8% to $198.6 million; net income $257.4 million
CleanSpark reported fiscal third-quarter results for the quarter ended June 30, 2025, in an 8-K that furnishes its press release. Revenue was $198.6 million, up from $104.1 million a year earlier, and the company swung to net income of $257.4 million, or $0.90 per basic share, from a net loss of $236.2 million a year earlier. Results were boosted by a $268.7 million net gain on the fair value of bitcoin, so shareholders should weigh that item when comparing profit with prior periods.
Key points
- Quarterly revenue was $198.6 million, up $94.5 million, or 90.8%, from $104.1 million a year earlier.
- Net income was $257.4 million, or $0.90 per basic share, versus a net loss of $236.2 million, or $1.03 per basic share, a year earlier.
- Results included a net gain on the fair value of bitcoin of $268.7 million; diluted EPS was $0.78.
- As of June 30, 2025, cash was $34.6 million, bitcoin holdings were $1.08 billion, and long-term debt was $643.9 million.
The filing
Written by AI on Nov 8, 2026, 6:58 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 07, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.