---
title: "CLEANSPARK INC C/WTS 29/12/2028 (TO PUR COM) | 10-K: FY2025 Revenue: USD 766.31 M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/267413744.md"
datetime: "2025-11-25T21:55:34.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/267413744.md)
  - [en](https://longbridge.com/en/news/267413744.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/267413744.md)
---

# CLEANSPARK INC C/WTS 29/12/2028 (TO PUR COM) | 10-K: FY2025 Revenue: USD 766.31 M

Revenue: As of FY2025, the actual value is USD 766.31 M.

EPS: As of FY2025, the actual value is USD 1.12.

EBIT: As of FY2025, the actual value is USD 326.16 M.

### Bitcoin Mining Operations

-   **Revenue**: CleanSpark, Inc. reported bitcoin mining revenue of $766.3 million for the fiscal year ended September 30, 2025, marking a 102% increase from $379.0 million in the previous year.
-   **Cost of Revenues**: The cost of revenues, excluding depreciation and amortization, was $343.1 million, up 107% from $165.5 million in the prior year.
-   **Gross Margin**: The gross margin for bitcoin mining operations was approximately 55.2% for the year ended September 30, 2025.
-   **Operating Expenses**: Total operating expenses were $170.8 million, compared to $118.1 million in the previous year.
-   **Depreciation and Amortization**: These expenses increased to $348.3 million from $154.6 million, due to new mining equipment and changes in the estimated useful life of miners.
-   **Net Income**: The company reported a net income of $364.5 million, compared to a net loss of $145.8 million in the prior year.

### Cash Flow

-   **Operating Cash Flow**: Net cash used in operating activities was $461.0 million.
-   **Investing Cash Flow**: Net cash used in investing activities was $305.7 million.
-   **Financing Cash Flow**: Net cash provided by financing activities was $688.9 million.

### Outlook / Guidance

CleanSpark, Inc. plans to expand its bitcoin mining operations and infrastructure, focusing on increasing computing power and operational efficiency. The company is also exploring opportunities to develop data centers for AI and HPC workloads, leveraging its expertise in power optimization and infrastructure development.

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