Record-Breaking Revenue and Earnings
CleanSpark reported its most successful quarter to date with nearly $200 million in revenue, up 94% year-over-year, and earnings per basic share of $0.90.
Significant Bitcoin Production and Treasury Growth
The company produced 2,012 Bitcoin, increasing its treasury to approximately $1.08 billion, up more than $100 million from the previous quarter.
Achievement of 50 Exahash Milestone
CleanSpark achieved 50 exahash of operational hash rate, becoming the first publicly traded company to reach this milestone with American infrastructure.
Decreased Energy Costs
The all-in cost per kilowatt hour decreased to $0.056, reflecting an easing of seasonal power prices and expansion in the power portfolio.
Regulatory Tailwinds
The signing of the GENIUS Act and the Clarity Act in the U.S. are expected to drive increased demand for Bitcoin and improve the regulatory environment.