CleanSpark is set to continue its transformation into an infrastructure provider for artificial intelligence. By the end of the 2025 fiscal year, its revenue increased by 102%, reaching $766.3 million.
Net profit amounted to $364.5 million, a stark contrast to the previous year’s loss of $145.8 million. The adjusted EBITDA rose from $245.8 million to $823.4 million.
CEO Matt Schultz announced the transformation of the business into a “comprehensive computing platform.” The firm plans to generate revenue from both bitcoin mining and data processing services for neural networks. The operational hashrate of the miner has already exceeded 50 EH/s.
Company President Gary Vecchiarelli confirmed the availability of resources for a swift transition into a leading AI infrastructure provider.
The financial stability of the new strategy was ensured by raising $1.15 billion through the issuance of zero-coupon bonds. The company will allocate these funds to acquire capacities, develop data centers, and repay loans. Part of the capital was used for a $460 million share buyback.
In October, CleanSpark hired former Humain executive Jeffrey Thomas to manage the AI division. The company is considering repurposing its Georgia sites for high-performance computing tasks.
As of September 30, CleanSpark’s total assets reached $3.2 billion, including $1.2 billion in bitcoin, $43 million in cash, and $950.1 million in equipment.
Back in November, mining company Bitfury announced plans to invest $1 billion in “ethical companies” within the AI, quantum computing, and decentralized systems sectors.