---
title: "CLEANSPARK INC C/WTS 29/12/2028 (TO PUR COM) | 10-Q: FY2025 Q3 Revenue: USD 198.64 M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/252109201.md"
datetime: "2025-08-07T21:19:42.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/252109201.md)
  - [en](https://longbridge.com/en/news/252109201.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/252109201.md)
---

# CLEANSPARK INC C/WTS 29/12/2028 (TO PUR COM) | 10-Q: FY2025 Q3 Revenue: USD 198.64 M

Revenue: As of FY2025 Q3, the actual value is USD 198.64 M.

EPS: As of FY2025 Q3, the actual value is USD 0.78.

EBIT: As of FY2025 Q3, the actual value is USD 275.5 M.

### Segment Revenue

-   **Bitcoin Mining Revenue**: For the three months ended June 30, 2025, bitcoin mining revenue was $198,644, an increase of 91% compared to $104,108 for the same period in 2024. For the nine months ended June 30, 2025, bitcoin mining revenue was $542,662, an increase of 87% compared to $289,693 for the same period in 2024.

### Operational Metrics

-   **Net Income**: For the three months ended June 30, 2025, net income was $257,390, compared to a net loss of $236,242 for the same period in 2024. For the nine months ended June 30, 2025, net income was $365,389, compared to a net loss of $83,598 for the same period in 2024.
-   **Cost of Revenues**: For the three months ended June 30, 2025, cost of revenues was $90,128, an increase of 99% compared to $45,180 for the same period in 2024. For the nine months ended June 30, 2025, cost of revenues was $245,842, an increase of 127% compared to $108,374 for the same period in 2024.
-   **Depreciation and Amortization**: For the three months ended June 30, 2025, depreciation and amortization expense was $94,880, an increase of 133% compared to $40,727 for the same period in 2024. For the nine months ended June 30, 2025, depreciation and amortization expense was $240,010, an increase of 134% compared to $102,761 for the same period in 2024.

### Cash Flow

-   **Net Cash Used in Operating Activities**: For the nine months ended June 30, 2025, net cash used in operating activities was - $341,623, compared to - $150,539 for the same period in 2024.
-   **Net Cash Used in Investing Activities**: For the nine months ended June 30, 2025, net cash used in investing activities was - $441,154, compared to - $503,698 for the same period in 2024.
-   **Net Cash Provided by Financing Activities**: For the nine months ended June 30, 2025, net cash provided by financing activities was $696,514, compared to $754,624 for the same period in 2024.

### Unique Metrics

-   **Bitcoin Holdings**: As of June 30, 2025, the company held 10,075 bitcoins, with a fair value of $1,079,754.

### Future Outlook and Strategy

-   **Core Business Focus**: The company plans to continue increasing its computing power through 2025 and beyond by expanding infrastructure at owned sites in Tennessee, seeking regional expansion opportunities, and evaluating strategic acquisition targets.
-   **Non-Core Business**: The company launched a bitcoin treasury function in April 2025 to integrate various derivative strategies to generate yield from bitcoin holdings, which may serve cash management, strategic growth, or bitcoin balance hedging purposes.

### Related Stocks

- [CLSKW.US](https://longbridge.com/en/quote/CLSKW.US.md)

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