Revenue of CleanSpark skyrockets in Q3, surpassing predictions of financial analysts
In a groundbreaking development, CleanSpark, a publicly-traded Bitcoin miner, has reported its most successful quarter yet, with revenue of $198.6 million. This milestone makes CleanSpark the first company of its kind to achieve such a feat [1].
The CFO, Gary Vecchiarelli, described the quarter as pivotal for CleanSpark, while the CEO, Zach Bradford, stated that the quarter reflects the strength of CleanSpark's strategy. The company's diluted earnings per share were 78 cents [1].
CleanSpark's strategic expansion and disciplined capital management have positioned the company as a leader in the Bitcoin mining industry. The company currently manages 5.8% of the global hashrate [1].
CleanSpark's Bitcoin treasury has grown significantly during the quarter, reaching a value of over $1 billion without raising capital through equity offerings in 2025. The company now holds approximately 12,703 Bitcoins, valued at approximately $1.48 billion [2].
The company fully funded its operational expenses through monthly Bitcoin production during the quarter. CleanSpark also reached 50 exahashes per second (EH/s) in the U.S., making it the first public mining company to do so with American infrastructure [1].
The quarterly net income was an impressive $257.4 million, and the revenue outperformed analyst expectations of approximately $195 million. The quarterly revenue represents a 90.8% increase from the same period last year [1].
On January 10, CleanSpark reached a significant milestone with 10,000 Bitcoins mined in U.S.-based operations [1].
CleanSpark's Bitcoin holdings place it among the top 10 Bitcoin-holding public companies. As of August 2025, the top 10 include MicroStrategy (now Strategy Inc.) leading with around 628,946 BTC, followed by Marathon Digital Holdings holding about 50,639 BTC, and Twenty One Capital with 43,514 BTC [3]. Other major holders are Bitcoin Standard Treasury Company (30,021 BTC), Riot Platforms (19,239 BTC), Metaplanet Inc. (18,113 BTC), and CleanSpark with approximately 12,703 BTC [3].
This data reflects growing corporate adoption of Bitcoin for treasury management, with at least 35 public companies now holding over 1,000 BTC each, signaling wider institutional appetite and diversification strategy [4][5].
Sources: [1] CleanSpark Press Release, August 2025 [2] CoinMarketCap, August 2025 [3] Yahoo Finance, August 2025 [4] CNBC, August 2025 [5] Bloomberg, August 2025
- In light of CleanSpark's unprecedented success in Bitcoin mining,there has been increasing interest from finance enthusiasts and technology investors in exploring opportunities within the Bitcoin mining industry.
- As more corporations adopt Bitcoin for treasury management, like CleanSpark, Ethereum and other cryptocurrencies might also attract similar attention from finance and technology sectors, fostering further growth in the cryptocurrency market.
