CleanSpark Q3 Earnings Up 91%, $257M Net Income, 2,012 BTC
CleanSpark Q3 earnings beat expectations after the Bitcoin miner reported a 91% revenue surge to $198.6 million and net income of $257.4 million. EPS reached $0.78, nearly quadruple forecasts.
During the quarter, CleanSpark mined 2,012 BTC, generating average revenue of $98,753 per coin. The company expanded its hash rate to 50 EH/s—5.8% of the global network—and increased its BTC holdings to 12,703 without issuing new equity.
Shares remained flat after earnings, rising less than 1% in after-hours trading despite industry-wide benefits from a 32% Bitcoin price rally. Miner reserves stabilized at 1.808 million BTC, indicating a hold-first strategy.
Looking ahead, CleanSpark plans to leverage its U.S.-based infrastructure to grow market share as competition and regulatory pressures intensify. These CleanSpark Q3 earnings reflect strong operational momentum and bolster confidence in the Bitcoin mining sector.
Bullish
Strong Q3 earnings, record revenue growth and net income signal robust demand for Bitcoin mining services. Expanding hash rate and growing BTC treasury reduce sell pressure and support network security, which can boost trader confidence and price momentum in the short term. Over the long term, CleanSpark’s hold-first strategy and infrastructure build-out may tighten available supply and reinforce Bitcoin’s fundamentals, underpinning a bullish outlook.