Inside CleanSpark’s FY 2025 earnings call

CleanSpark (NASDAQ: CLSK) acquired its first bitcoin mine in 2020 with the acquisition of bitcoin miner ATL Data Center. It would be the first of many strategic acquisitions as the clean energy company dove head on into bitcoin mining. That acquisition bestowed CleanSpark with 0.2 EH/s of hashrate – 0.1% of Bitcoin’s hashrate at the time. Fast forward to 2025, and CleanSpark now operates 50 EH/s, which represents 4.5% of Bitcoin’s total hashrate. CleanSpark quickly became one of the largest bitcoin miner ...