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CleanSpark lifts output and power as Bitcoin miners face strain
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CleanSpark increased Bitcoin production by 11% in November, mining 587 BTC, and expanded power capacity by 11% to over 1.4 gigawatts. The company issued a $1.15 billion zero-coupon convertible note for infrastructure expansion and share repurchase. Despite industry challenges, CleanSpark's revenue doubled to $766.3 million in fiscal 2025. Bitcoin's price drop has strained miner economics, affecting CleanSpark's shares, which fell over 30% since mid-October.
Source: Cointelegraph The copyright of this article belongs to the original author/organization.
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