Business
CleanSpark Releases November 2025 Bitcoin Mining Update
Mined 587 bitcoin and increased contracted power by nearly 11% during the monthReported transformative fiscal year 2025 results with more than $766 million in
About this update from Cleanspark, Inc.
[{"type":"text","content":"Mined 587 bitcoin and increased contracted power by nearly 11% during the monthReported transformative fiscal year 2025 results with more than $766 million in revenueAnnounced closing of upsized $1.15 billion zero-coupon convertible notes offeringLAS VEGAS, Dec. 3, 2025 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK), America's Bitcoin Miner® (the \"Company\"), today released its unaudited Bitcoin mining and operations update for the month ended November 30, 2025.\n \n \n \n \n \n \n \n\"CleanSpark's progress this year reflects what's possible when a team believes in a shared mission. Last month, we expanded our contracted power to over 1.4 GW with an additional 125 MW in TVA's service territory and had a successful closing of our $1.15 billion zero-coupon convertible notes offering,\" said Matt Schultz, Chief Executive Officer and Chairman. \"Our team is focused on expanding CleanSpark's contracted power, continuing to mine efficiently, and positioning the business to rapidly lease existing capacity while maintaining optionality to shift hashrate to optimal segments of the portfolio. We are proud of fiscal 2025 and even more excited for the road ahead.\"$1.15 Billion Financing and FY 2025 Financial ResultsOn November 13, 2025, CleanSpark announced the closing of a $1.15 billion offering of 0.00% convertible senior notes due 2032. In connection with the offering, the Company repurchased approximately 30.6 million shares (representing about 10.9% of its outstanding common stock) for $460 million. No shares were repurchased from directors or officers. Use of remaining net proceeds include expanding CleanSpark's power and land portfolio, developing data center infrastructure, the repayment of outstanding bitcoin-backed credit balances, and general corporate purposes.On November 25, 2025, CleanSpark executives held a webcast to discuss full fiscal year 2025 results. During the call, members of management shared an update on the Company's AI strategic evolution and answered questions from the analyst community. The recording and transcript of the call are available on the Company website.November 2025 Bitcoin Mining Highlights (Unaudited)Production MetricsBitcoin produced 587Peak single day bitcoin production 20.44Average daily bitcoin production19.54CY2025 bitcoin produced7,124Fleet MetricsOperational Hashrate150 EH/sAverage operati...