CleanSpark Stock Jumps 14% on 102% YoY Revenue Growth

Source: CryptoNewsNet Original Title: CleanSpark stock jumps 14% on explosive 102% YoY revenue growth Original Link: https://cryptonews.net/news/mining/32052556/

Financial Performance Surge

CleanSpark stock soared nearly 14% to close at $13.45, driven by exceptional fiscal year 2025 results. The company reported $766 million in revenue, representing 102% year-over-year growth.

Operational Achievements

Beyond revenue growth, CleanSpark achieved several operational milestones:

• Contracted Power Growth: 43% rise in contracted power, establishing a strong foundation for future AI expansions
• Hashrate Performance: Achieved 50 EH/s in operational hashrate
• Capital Positioning: Secured a $1.15 billion 0% convertible transaction to fuel infrastructure development
• Financial Innovation: Implemented strategic financial instruments including Bitcoin-backed financing options

Strategic Pivot to AI Infrastructure

The company is transitioning from pure Bitcoin mining to become a major AI compute platform. According to Gary Vecchiarelli, President and Chief Financial Officer:

“Beyond our revenue of $766 million and hashrate growth achievements, we also demonstrated disciplined capital investment and are financially positioned to rapidly become a leading AI infrastructure provider.”

Industry Momentum

Other Bitcoin mining companies also posted gains Thursday. Cipher Mining shares jumped approximately 9%, while Bitfarms, which announced plans to pivot toward AI infrastructure this month, saw its stock rise around 12% at market close.

These developments reflect a broader industry shift toward AI compute capabilities alongside traditional mining operations.