Welcome to our dedicated page for Cleanspark news (Ticker: CLSK), a resource for investors and traders seeking the latest updates and insights on Cleanspark stock.
CleanSpark, Inc. (Nasdaq: CLSK), known as America’s Bitcoin Miner®, generates frequent news through its Bitcoin mining operations, data center development projects, financing activities, and strategic evolution into AI and high-performance computing. This news page aggregates those updates so readers can follow how the company is deploying power, scaling hashrate, and expanding its digital infrastructure footprint.
Regular Bitcoin mining and operations updates provide detail on monthly production, operational hashrate, fleet efficiency, and power utilization. These releases also discuss growth initiatives such as new megawatts of data center capacity coming online, expansions at sites in places like Tennessee and Georgia, and progress on immersion-cooled facilities and hosting arrangements tied to acquisitions.
CleanSpark’s news flow also covers major development projects and corporate milestones. Recent announcements include rights to hundreds of acres of land in Texas and long-term power agreements intended to support dedicated AI data centers and next-generation data center campuses, as well as a definitive agreement to acquire land and transmission-level power capacity near Houston. These items highlight the company’s efforts to build large-scale, transmission-connected sites for AI and HPC workloads alongside Bitcoin mining.
Investors and observers will also find coverage of capital markets transactions and credit facilities, such as the company’s zero-coupon Convertible Senior Notes due 2032, share repurchases, and bitcoin-backed lending arrangements with institutional counterparties. Governance and regulatory updates, including changes to bylaws, codes of ethics, and risk factor disclosures related to diversification into data center development, are reported through SEC-related press releases.
By reviewing this news feed, readers can track CleanSpark’s operational performance, power portfolio growth, AI infrastructure initiatives, and key financial and governance developments over time.
CleanSpark (CLSK) has announced its upcoming inclusion in the S&P SmallCap 600® Index, effective before market open on Monday, March 24, 2025. This development marks a significant milestone for the America's Bitcoin Miner®, as the index specifically measures the small-cap segment of the U.S. equity market.
CEO Zach Bradford highlighted this inclusion as an important recognition of the company's consistent performance, noting it will enhance visibility within the investment community and showcase their value proposition as a pure play, vertically integrated Bitcoin mining company.
CleanSpark (CLSK) has released its February 2025 Bitcoin mining update, reporting the production of 624 bitcoin during the month. The company increased its Bitcoin treasury by nearly 6% to 11,177 BTC, selling only 2.73 bitcoin at an average price of $95,695.
The company's month-end operating hashrate reached 40.7 EH/s with 915 MW under contract. The average fleet efficiency improved to 17.07 J/Th, with a month-end peak efficiency of 16.82 J/Th. CleanSpark's deployed fleet consists of 198,715 miners, achieving an average daily bitcoin production of 22.30.
The company has completed its exit from Coinmint in New York, making its portfolio 100% owned and operated. CleanSpark is expanding operations across multiple locations, including Georgia, Cheyenne (Wyoming), and Jackson (Tennessee). The company remains on track to reach 50 EH/s by June 30, 2025, with infrastructure in place to support future growth to 60 EH/s.
CleanSpark (CLSK) reported strong financial results for Q1 FY2025, with quarterly revenue reaching $162.3 million, up 120% year-over-year. The company achieved a net income of $246.8 million with basic EPS of $0.85, compared to $25.9 million and $0.14 EPS in the prior year.
Key operational highlights include reaching over 40 EH/s in January, with fleet efficiency improving to 16.15 J/Th. The marginal cost per bitcoin decreased 6% to approximately $34,000 at owned facilities. The company's bitcoin treasury grew to over 10,500 coins, all self-mined in the USA.
Financial position strengthened with $2.8 billion in total assets, including $276.6 million in cash and $929.1 million in bitcoin. The company secured a $650 million convertible bond and maintains $1.2 billion in total liquidity. CleanSpark is progressing toward its goal of 50 EH/s in the first half of 2025 through expansion projects in Wyoming, Tennessee, and Georgia.
CleanSpark (NASDAQ: CLSK) has released its unaudited bitcoin mining update for January 2025, reporting significant operational achievements. The company mined 626 bitcoin during the month and surpassed 40 EH/s in operating hashrate, with an 8% improvement in fleet efficiency month over month.
The company's bitcoin holdings reached 10,556 as of January 31, with only 22.47 bitcoin sold during the month at an average price of $100,412. Despite weather-related challenges that required power curtailment, CleanSpark maintained operations through its regional portfolio strategy.
Construction continues in Tennessee, Georgia, and Wyoming facilities. The new Twin City, Georgia site (12 MW) is nearly operational with 0.7 EH/s, while the Cheyenne, Wyoming immersion facility is on track for completion this quarter, expected to add 5 EH/s using S21 XP Immersion machines.
CleanSpark (Nasdaq: CLSK) has announced it will host a live webcast to discuss its fiscal first quarter 2025 financial results on Thursday, February 6, 2025, at 4:30 p.m. EST / 1:30 p.m. PST. The company will make downloadable files, including transcripts, available on their website within 48 hours after the event.
CleanSpark (CLSK) has achieved a significant milestone by accumulating over 10,097 bitcoin in its treasury, all self-mined from U.S.-based operations. The company reported a remarkable 236% year-over-year increase in its bitcoin holdings, demonstrating substantial growth in a dynamic market environment.
The achievement marks significant progress since the company mined its first bitcoin in December 2021. CleanSpark's strategy focuses on avoiding unfavorable counterparty exposure and leveraging bitcoin to lower capital costs, emphasizing sustainable growth and operational excellence in the U.S. bitcoin mining sector.
CleanSpark (CLSK) released its December 2024 bitcoin mining update, reporting 668 bitcoin mined in December and a total of 7,024 bitcoin produced in 2024. The company achieved significant growth with a 287.9% hashrate increase and 33.3% efficiency improvement year over year, reaching 39.1 EH/s operating hashrate by year-end.
Key operational highlights include a $650 million zero-coupon convertible notes offering, expansion into three new states, and completion of multiple site expansions. The company's bitcoin holdings stood at 9,952 as of December 31, with only 12.65 bitcoin sold during December at an average price of $101,246.
Notable developments include fully operational facilities in Clinton, Mississippi (1 EH/s), progress in Jackson, Tennessee (projected 3.7 EH/s), and advancement in Cheyenne, Wyoming (expected 5 EH/s). The company aims to achieve 50 EH/s by mid-2025.
CleanSpark (CLSK) has surpassed its 2024 year-end target by achieving 37.5 EH/s in operating hashrate with a fleet efficiency of 17.7 J/Th. The company has energized new data centers in Tennessee and Wyoming as part of a multistage process. Following a recent $650 million zero-coupon convertible bond offering, CleanSpark has accelerated its 50 EH/s target to the first half of 2025. The expansion will be funded through greenfield development, organic growth, and strategic M&A.
The company's hashrate has expanded nearly 300% since early 2024, with operations across Georgia, Wyoming, Tennessee, Mississippi, and New York. CleanSpark's bitcoin treasury is approaching 10,000 bitcoin, all self-mined, demonstrating strong operational performance.
CleanSpark (CLSK) has completed its previously announced $650 million offering of 0.00% Convertible Senior Notes due 2030, including the full exercise of a $100 million option by initial purchasers. The company implemented capped call transactions with a cap price of $24.66 per share and repurchased 11.76 million shares for approximately $145 million.
The net proceeds of approximately $633.6 million will be used for capital expenditures, potential acquisitions, and general corporate purposes. About $90.4 million was allocated to capped call transactions, and $145.0 million for share repurchases. The company plans to use the funds to support growth to 50 EH/s and continue adding mined bitcoin to its balance sheet.
CleanSpark (CLSK) has announced the pricing of $550 million in 0.00% Convertible Senior Notes due 2030. The notes will be sold to qualified institutional buyers under Rule 144A. The conversion price is set at $14.80 per share, representing a 20% premium to the closing price of $12.33.
The company plans to use the net proceeds of approximately $535.9 million for: $76.5 million for capped call transactions, $145 million for share repurchases from note investors, and the remainder for debt repayment, capital expenditures, acquisitions, and general corporate purposes. The notes include capped call transactions with an initial cap price of $24.66 per share, representing a 100% premium to the current stock price.