Important points
- CleanSpark stock rose about 14% on Thursday.
- CleanSpark reported annual revenue growth of 102% to reach $766 million in fiscal year 2025.
CleanSpark stock surged nearly 14% to close at $13.45 on Thursday, outperforming most crypto stocks after the company reported a significant increase in fiscal 2025 revenue to $766 million, a 102% year-over-year growth.
The company also increased its contracted power by 43%, establishing a solid foundation for future AI expansion. CleanSpark recently secured a $1.15 billion 0% conversion transaction to facilitate further infrastructure development.
This strong performance was supported by achieving an operational hashrate of 50 EH/s and introducing strategic financial products such as Bitcoin-backed financing options. These advances establish CleanSpark's transition to a leading AI computing platform alongside its Bitcoin mining operations.
Gary Vecchiarelli, President and Chief Financial Officer of CleanSpark, said: “In addition to achieving $766 million in revenue and hashrate growth, we have also demonstrated disciplined capital investment and are in a financial position to quickly become a leading AI infrastructure provider.”
Several other Bitcoin mining companies also recorded profits today.
Cipher Mining shares rose about 9%. The Nasdaq-listed miner recently signed a landmark deal with AI cloud startup Fluidstack. Google is backing Fluidstack with $1.4 billion in lease debt and has an option to acquire a 5.4% stake in Cipher Mining.
BitFarms, which announced this month that it would scale back its mining operations and focus on AI infrastructure, saw its stock price rise about 12% at market close.
