US miner CleanSpark has acquired 5,8% of the global Bitcoin hashrate

Second-quarter earnings per share significantly exceeded analysts’ forecasts

CleanSpark miner reports 91% growth in quarterly revenue for the year

08.08.2025 - 17:00

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What’s new? US bitcoin miner CleanSpark (CLSK), with a market capitalization of $2,91 billion, reported its best quarterly results in history, with revenue and profitability exceeding analysts’ expectations. From April to June, revenue totaled $198,6 million, up 91% from the second quarter of 2024 ($104 million) and higher than analysts’ forecasts of $195 million.

Press release

What else is known? The company also reported net quarterly profit of $257,4 million, compared to a loss of $236,2 million a year earlier. Diluted earnings per share were 78 cents, significantly exceeding analysts’ expectations of 20 cents.

“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 the company’s chief financial officer, Gary Vecchiarelli.

CleanSpark also announced that it became the first public mining company in the US to reach a hashrate of 50 EH/s. As a result, it took control of 5,8% of the global hashrate of the Bitcoin network, using exclusively US infrastructure.

In 2025, the company added more than $1 billion worth of bitcoins to its balance sheet without raising capital through a stock offering.

CleanSpark owns a total of 12 703 BTC worth $1,48 billion, making it the ninth-largest holder of the first cryptocurrency among public companies.

CleanSpark shares are traded on Nasdaq under the ticker CLSK at $10,2, losing 4,85% over the past 24 hours. At the same time, growth since the beginning of the year has been 8,2%.

US imposes tariffs of 21,6% on ASIC miners from Southeast Asia

According to industry experts, the increase in operating costs will force American companies to relocate their operations abroad

Overall, mining companies had a successful second quarter, mainly due to a 30% increase in the value of Bitcoin during this period.

The largest miner, Marathon, exceeded analysts’ expectations with a 64% year-on-year increase in profits to $238 million. Riot also reported record net profits of $219,5 million.

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