Bitcoin miner CleanSpark reported its best quarterly results ever, with the highest revenue and profitability exceeding analyst expectations.
CleanSpark explain On Thursday, revenues from April to June were $186 million, up 91% from $104 million in the same period a year ago, beating analysts expect About $195 million.
“This is the most successful quarter in CleanSpark’s history and it reflects the strength of our strategy.” CleanSpark CEO Zach Bradford.
The company also reported quarterly net revenue of $257.4 million, compared with a loss of $236.2 million in the previous year. Its earnings per share diluted at 78 cents, far exceeding analysts’ expectations for 20 cents per share.
“The third fiscal third quarter was a key quarter for CleanSpark as we fully fund operating expenses through monthly Bitcoin production while expanding our Bitcoin Treasury Department,” said Gary Vecchiarelli, its chief financial officer.
The first company to reach the Hashirat milestone
CleanSpark also claims it is the first public mining company to receive 50 Exahashes per second in the United States and has 5.8% of global rock loading.
“We reached 50 eh/s in June to become the first publicly traded company to be dedicated to U.S. infrastructure,” Bradford said.
The company expanded Bitcoin (BTC) The Treasury is worth more than $1 billion without the need to raise funds through equity in 2025.
CleanSpark currently holds 12,703 BTC at its current market price, worth approximately $1.48 billion, making it the ninth largest Bitcoin holder of listed companies.
The result failed to attract investors
CleanSpark (CLSK) shares ended more than 2.5% on Thursday to $10.72, while having only had a slight bump after get off work and earned less than 1%.
The cryptocurrency miner’s stock has risen 16.4% since the beginning of 2025, outperforming department leader Mara Holdings, down more than 7% this year.
Related: Iren soared 11% after mining Bitcoin
The big quarter of Bitcoin miners
Bitcoin Mining companies There was a bump quarter, which was mainly due to the appreciation of the asset’s value during this period.
Mara Holdings beat analyst expectations in late July Second quarter revenue Revenue rose 64% year-on-year to $238 million.
Meanwhile, Riot Platforms reported a record $219.5 million in net income during this period.
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