Overview
- The company reported fiscal 2025 revenue of $766.3 million and earnings of $1.25 per share, while fourth‑quarter revenue of $223.65 million and a $0.01 loss missed consensus.
- Management reiterated a transition toward high‑performance computing and AI colocation, anchored by 1.3 GW of contracted power including large sites in Texas and Sandersville, Georgia.
- CleanSpark said it holds about 13,011 BTC (roughly $1.2 billion) and will manage the treasury pragmatically, including monetizing or borrowing against holdings when advantageous.
- The firm completed a $1.15 billion zero‑coupon convertible note sale earlier in November and fully repaid Bitcoin‑backed credit lines with Coinbase and Two Prime, with roughly $400 million of undrawn borrowing capacity reported.
- Shares rebounded after a steep monthly slide as JPMorgan upgraded the stock to Overweight and other brokers raised targets, with several analysts highlighting potential AI colocation deals and early lease interest disclosed by management.