CleanSpark(US:CLSK)2025-11-25 21:30Financial Highlights - Revenue for fiscal year 2025 reached $766.3 million[9], a significant increase compared to fiscal year 2024's $378.9 million[21] - GAAP Net Income for fiscal year 2025 was $364.5 million[9], a substantial turnaround from a loss of $145.8 million in fiscal year 2024[21] - Adjusted EBITDA for fiscal year 2025 was $823.4 million[9], a 107.5% increase from $245.8 million in fiscal year 2024[21] - Gross Profit for fiscal year 2025 was $423.2 million[21], with a gross profit margin of 55.2%[21] - The company mined 7,873 Bitcoin[9] with an operational hashrate of 50 EH/s as of October 31, 2025[9] Operational Metrics - The marginal cost per Bitcoin was $42,956[9], and the company held 13,011 Bitcoins[9], including receivables from collateral of 2,583[9] - The company has contracted capacity of 1,312 MW[13] across 33 operating data center sites[13] with an average fleet efficiency of 16.07 J/Th[13] - Q4 2025 revenue was $377.7 million[24], a 46.7% increase from Q3 2025's $257.4 million[24] Strategic Initiatives - The company is evolving from pure-play Bitcoin mining to an energy and infrastructure compute platform[10, 11, 16] - The company is expanding into the market for high-performing computing (HPC) and artificial intelligence (AI)[4] - The company closed a $1.15 billion convertible bond at 0% interest and has Bitcoin-collateralized facilities with $400 million capacity[30]