Bitcoin mining company CleanSpark released its fiscal year 2025 results: full-year revenue of $766.3 million, a year-on-year increase of 102%; net profit of $364.5 million, reversing a loss of $146 million last year; and adjusted EBITDA of $823.4 million. The company completed a $1.15 billion 0% convertible bond financing round to expand its power and land assets, aiming to move from Bitcoin mining to a "comprehensive computing power platform for AI and BTC." As of the end of September, the company held $1.2 billion in Bitcoin (approximately 13,011 Bitcoins) and $1 billion in working capital.
CleanSpark released its fiscal year 2025 results: full-year revenue of $766.3 million, a year-over-year increase of 102%.
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