CleanSpark: Revenue doubles to $766 million in fiscal year 2025, with net profit reaching $365 million.
listed Bitcoin mining company CleanSpark announced revenue of $766 million for fiscal year 2025 (ending September 30), a year-on-year increase of 102%, with a net profit of $365 million, reversing last year's loss of $146 million. CEO Matt Schultz stated that the company has achieved operational leverage and is shifting its energy asset layout towards AI data center development. CleanSpark holds over 13,000 bitcoins and completed $1.15 billion convertible bond financing during the year, with part of the funds used for stock repurchases and supporting AI infrastructure expansion.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Mars Morning News | Russia Plans to Ease Digital Asset Investment Thresholds, Expanding Legal Participation of Citizens in the Crypto Market
Russia plans to relax the investment threshold for digital assets, Texas allocates $5 million to Bitcoin ETF, an Ethereum whale sells 20,000 ETH, Arca's Chief Investment Officer says MSTR does not need to sell BTC, and the S&P 500 Index may rise by 12% next year. Summary generated by Mars AI. The accuracy and completeness of this summary produced by the Mars AI model are still being iteratively updated.
x402 The most crucial piece of the puzzle? Switchboard aims to rebuild the "oracle layer" from scratch
Switchboard is an oracle project within the Solana ecosystem and proposes to provide a data service layer for the x402 protocol. It adopts a TEE technology architecture, is compatible with x402 protocol standards, supports a pay-per-call billing model, and removes the API Key mechanism, aiming to build a trusted data service layer. Summary generated by Mars AI. The accuracy and completeness of this content, generated by the Mars AI model, is still in an iterative update phase.
Who would be the most crypto-friendly Federal Reserve Chair? Analysis of the candidate list and key timeline
Global markets are closely watching the change of Federal Reserve Chair: Hassett leading the race could trigger a crypto Christmas rally, while the appointment of hawkish Waller may become the biggest bearish factor.
Wintermute Market Analysis: Cryptocurrency Falls Below $3 Trillion, Market Liquidity and Leverage Tend to Consolidate
This week, risk appetite deteriorated sharply, and the AI-driven stock market momentum finally stalled.
