Brief: CleanSpark Q3 Net Income USD 257.39 Million

CleanSpark

07/08/2025 21:05

Overview

CleanSpark fiscal Q3 rev grows 91% yr/yr to $198.6 mln

Adjusted EBITDA beats analyst expectations, reflecting strong operational efficiency

Net income reaches $257.4 mln, with record basic EPS of $0.90

Outlook

CleanSpark aims to expand market share in bitcoin production

CleanSpark emphasizes vertically integrated model for leadership

Company plans to leverage operational playbook for expansion

Result Drivers

HASHRATE MILESTONE - CleanSpark reached 50 EH/s of operational hashrate, becoming the first public company to achieve this with American infrastructure, per CEO Zach Bradford

TREASURY GROWTH - The company expanded its bitcoin treasury to over $1 bln without raising capital through equity offerings since November 2024

DERIVATIVES STRATEGY - CleanSpark's new Digital Asset Management team derivatives strategy began producing promising early returns, according to CFO Gary A. Vecchiarelli

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Bitcoin Mining Revenue
$198.64 mln
Q3 Net Income
$257.39 mln
Q3 Adjusted EBITDA
Beat
$377.70 mln
$99.30 mln (9 Analysts)
Q3 Operating Income
$246.16 mln
Q3 Pretax Profit
$275.50 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the blockchain & cryptocurrency peer group is "buy"

Wall Street's median 12-month price target for CleanSpark Inc is $20.13, about 45.3% above its August 6 closing price of $11.00

The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 7 three months ago

Press Release: ID:nPn9QQs7Za

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)