CleanSpark expects revenue of $766 million and net profit of $365 million for the fiscal year 2025

According to a report from The Block, publicly listed Bitcoin mining company CleanSpark expects its revenue for the fiscal year 2025 (ending September 30) to reach $766 million, a 102% year-on-year increase; net profit could reach $365 million, successfully reversing last year's loss of $146 million. CEO Matt Schultz pointed out that the company has achieved operational leverage and is gradually shifting its energy asset layout towards the development of AI data centers. In addition, CleanSpark currently holds over 13,000 Bitcoins and plans to complete a $1.15 billion convertible bond financing within the year, part of which will be used for stock buybacks and supporting the expansion of AI infrastructure.