---
title: "CleanSpark Posts Record Revenue In Best Quarter Ever"
url: https://diffcoin.com/cleanspark-posts-record-revenue-in-best-quarter-ever/
description: "Bitcoin miner CleanSpark has reported its best-ever quarterly results, with its highest-ever revenue and profitability beating analyst…"
published: 2025-08-08
updated: 2025-08-08
author: "Mila"
site: "Diffcoin"
---

# CleanSpark Posts Record Revenue In Best Quarter Ever

Bitcoin miner CleanSpark has reported its best-ever quarterly results, with its highest-ever revenue and profitability beating analyst expectations.

CleanSpark said on Thursday that its revenue for its third quarter from April to June was $198.6 million, a 91% increase from its $104 million in revenues from the same quarter a year ago, beating analyst expectations of around $195 million.

“This was the most successful quarter in CleanSpark’s history, and it reflects the strength of our strategy,” said CleanSpark CEO Zach Bradford.

The firm also reported a quarterly net income of $257.4 million compared to a loss of $236.2 million in the previous year. Its diluted earnings per share were 78 cents, far outpacing analysts’ expectations of around 20 cents per share.

“Fiscal Q3 was a pivotal quarter for CleanSpark, as we fully funded operational expenses through monthly Bitcoin production while simultaneously expanding our Bitcoin treasury,” said its chief financial officer, Gary Vecchiarelli.

## First company to hit hashrate milestone

CleanSpark also claimed to be the first public mining company to achieve 50 exahashes per second in the US and to have 5.8% of global hashrate under management.

“We reached 50 EH/s of operational hashrate in June, becoming the first public company to do so exclusively with American infrastructure,” said Bradford.

The firm expanded its Bitcoin (BTC) treasury to over $1 billion in value, without needing to raise capital through equity offerings in 2025.

CleanSpark currently holds 12,703 BTC worth around $1.48 billion at current market prices, making it the ninth-largest holder of Bitcoin among public companies.

## Results fail to woo investors

Shares in CleanSpark (CLSK) ended trading on Thursday down over 2.5% to $10.72 and saw only a slight bump after-hours that cooled to a less than 1% gain.

*CLSK prices trade down on the day. Source:* *Google Finance*

Shares in the crypto miner have gained 16.4% since the beginning of 2025, performing better than sector leader MARA Holdings, which is down over 7% this year.

***Related:*** ***IREN soars 11% after mining more Bitcoin than MARA in July***

## Big quarter for Bitcoin miners

Bitcoin mining firms have had a bumper quarter, primarily due to the assets’ 32% appreciation in value over the period.

In late July, MARA Holdings beat analyst expectations in its second-quarter earnings with revenues up 64% year-on-year to $238 million.

Meanwhile, Riot Platforms reported a record $219.5 million in net income for the period.

***Magazine:*** ***Philippines blocks big crypto exchanges, Coinbase scammer’s stash: Asia Express***

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