CleanSpark reports 181.7m $181.7m in second quarter revenue and stays on the course to achieve its 50 EH/s Bitcoin mining goal

American Bitcoin Mining Firm’s CleanSpark launched its monetary outcomes for the second quarter of fiscal 12 months 2025, reporting income of $181.7 million for the three months ended March thirty first.

Regardless of income progress, the corporate reported a web lack of $138.8 million, or $0.49 per base share, in comparison with $126.7 million ($0.59 per base share) within the earlier 12 months. Adjusted EBITDA fell to a unfavorable of $57.8 million from $181.8 million the earlier 12 months.

As of March 31, 2025, Cleanspark had $970 million in money and $979.6 million in Bitcoin. Whole present belongings had been $947.5 million, with mining belongings (together with pay as you go deposits and deployed miners) totaling $899.6 million. Whole belongings reached $2.7 billion. The corporate’s liabilities had been $766.5 million, with present liabilities of $109.3 million and long-term debt of $641.7 million. Whole shareholders’ fairness was $1.9 billion.

CleanSpark has reported $838.2 million working capital as of March 31, 2025. This features a $50 million Bitcoin collateral credit score line. The power will present versatile funding whereas enabling the corporate to retailer fairness and strategically make the most of Bitcoin Holding.

Zach Bradford, CEO of Cleanspark, mentioned their efficiency displays a disciplined, intensive method to the quickly evolving Bitcoin mining panorama. “As different gamers modified course and diminished progress, CleanSpark doubled with being the one pure play – the Public Bitcoin Miner,” Bradford mentioned. “We consider focus is extra necessary than ever and can proceed to maneuver ahead easily to achieve our 50 EH/s goal in June.

Bradford highlighted CleanSpark’s continued management in infrastructure and monetary technique, referring to the pioneering ASIC choice construction and non-diluted funding strategies.

Cleanspark’s CFO Gary Vecchiarelli displays these sentiments and notes that CleanSpark maintains one of many trade’s best price buildings whereas increasing operations with out diluting shareholder capital. “We continued to spend money on strategic and additive enlargement with out counting on diluting capital, as demonstrated by our expanded line of rotation with Coinbase,” he mentioned. “Our Digital Asset Administration Group is getting ready to make significant progress within the quarter and optimize the Treasury, putting Bitcoin as each a productive asset and a supply of steadiness sheet power.”

This put up CleanSpark reported $181.7 million in second quarter income, stayed on the course, hit 50 EH/S Bitcoin mining targets, first appeared in Bitcoin journal, written by Oscar Zara Gaperez.