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AI brief of an SEC Form 8-K · CleanSpark (CLSK)

CleanSpark FY2025 revenue rises 102% to $766.3 million; net income $364.5 million

Positive Impact 4 of 5 earnings Written later

CleanSpark reported fiscal year 2025 results for the year ended September 30, 2025, with revenue of $766.3 million, up 102.2% from $379 million, and net income of $364.5 million, or $1.25 per basic share, compared with a net loss of $145.8 million a year earlier. The filing notes a $425.6 million gain on the fair value of bitcoin within operating results, and the company cites a recently closed $1.15 billion 0% convertible transaction for expansion of its power and land portfolio.

Key points

  • Revenue of $766.3 million, up $387.3 million from the prior year
  • Net income of $364.5 million ($1.25 basic per share) versus a net loss of $145.8 million ($0.69 per share) in fiscal 2024
  • Adjusted EBITDA of $823.4 million, up from $245.8 million; the company will no longer exclude bitcoin impairments or realized bitcoin gains from this measure
  • Long-term debt of $644.6 million and cash of $43.0 million as of September 30, 2025

The filing

CompanyCleanSpark (CLSK)
Form8-K, current report
Filed with the SECNov 25, 2025, 4:05 PM ET
Accession number0001193125-25-297163

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 6:57 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 November 25, 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.