Mined 587 bitcoin and increased contracted power by nearly 11% during the month Reported transformat...


    
    
    
          
		  
          
            
            
            Mined 587 bitcoin and increased contracted power by nearly 11% during the month
Reported transformative fiscal year 2025 results with more than $766 million in revenue
Announced closing of upsized $1.15 billion zero-coupon convertible notes offering
,  /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.
"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 Metrics
     
     
      Bitcoin produced 
      587
     
     
      Peak single day bitcoin production 
      20.44
     
     
      Average daily bitcoin production
      19.54
     
     
      CY2025 bitcoin produced
      7,124
     
     
      
     
     
      Fleet Metrics
     
     
      Operational Hashrate1
      50 EH/s
     
     
      Average operating hashrate 
      47.4 EH/s
     
     
      Peak efficiency of deployed fleet
      16.07 J/Th
     
     
      Deployed fleet as of November 30
      246,104
     
     
      
     
     
      Bitcoin Treasury Metrics
     
     
      Total bitcoin holdings as of November 302
      13,054
     
     
      Total bitcoin sold3 
      565.41
     
     
      Total USD proceeds from sale of BTC3
      $52,005,409
     
     
      Average price per BTC sold
      $91,979
     
     
      
     
     
      Power Portfolio Metrics
     
     
      GW under contract4
      1.45
     
     
      Utilized MW5 
      808
     
    
   
  
1Operational Hashrate refers to the highest hashrate historically achieved concurrently by all installed and functional miners that were: properly racked and configured, supported by energized infrastructure, and capable of actively contributing to our mining pool or directly to the Bitcoin network.
2As of November 30, 2025, CleanSpark's Bitcoin holdings were 13,054 in total (2,374 bitcoin of this amount was posted as collateral or as a receivable).
3Bitcoin sold is net of any bitcoin purchases.
4GW under contract includes all contracted power capacity for wholly owned or leased sites and excludes any other non-binding arrangements.  
5Utilized MW represents the maximum megawatts used concurrently in support of the fleet's Operational Hashrate.
About CleanSpark CleanSpark (Nasdaq: CLSK), America's Bitcoin Miner®, is a market-leading data center developer with a proven track record of success. We own a portfolio of more than 1.4 GW of power, land, and data centers across the United States powered by globally competitive energy prices. Sitting at the intersection of Bitcoin, energy, operational excellence and capital stewardship, we optimize our infrastructure to deliver superior returns to our shareholders. Monetizing low-cost, high reliability energy by producing a global emerging critical resource – compute – positions us to prosper in an ever-changing world.
Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In this press release, forward-looking statements include, but may not be limited to, statements regarding the Company's expectations, beliefs, plans, intentions, and strategies. In some cases, you can identify forward-looking statements by terms such as "may," "will," "should," "expects," "plans," "anticipates," "could," "intends," "targets," "projects," "contemplates," "believes," "estimates," "forecasts," "predicts," "potential" or "continue" or the negative of these terms or other similar expressions. The forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to: the success and performance of the Company's non-bitcoin data center activities and expansion into non-bitcoin infrastructure;  completion of construction, regulatory approvals, and electrical power availability to achieve anticipated growth; the success and performance of the digital asset management and derivatives trading activities, which were only recently commenced; the success of our digital currency mining activities; bitcoin volatility; the dependency on utility rate structures and government incentive programs;  and other risks described in the Company's prior press releases and in its filings with the Securities and Exchange Commission (SEC), including under the heading "Risk Factors" in those filings. Forward-looking statements contained herein are made only as to the date of this press release, and we assume no obligation to update or revise any forward-looking statements as a result of any new information, changed circumstances or future events or otherwise, except as required by applicable law.  
Investor Relations Contact  Harry Sudock702-989-7693 [email protected] 
Media Contact Eleni Stylianou 702-989-7694[email protected]
SOURCE CleanSpark, Inc.

          
        

  

CLSK

CleanSpark Releases November 2025 Bitcoin Mining Update

<article>
    <h2>CleanSpark Announces November 2025 Bitcoin Mining Update</h2>
    <p>CleanSpark, Inc. (Nasdaq: <strong>CLSK</strong>), recognized as America's Bitcoin Miner®, has released its unaudited Bitcoin mining and operations update for the month ending November 30, 2025. The company reported the production of <strong>587 Bitcoin</strong> and an increase in contracted power by nearly <strong>11%</strong> during the month. CleanSpark's financial results for fiscal year 2025 showed transformative revenue exceeding <strong>$766 million</strong>. Additionally, the company announced the successful closing of an upsized offering of <strong>$1.15 billion</strong> in zero-coupon convertible notes.</p>

    <section>
        <h3>Financial Highlights and Power Expansion</h3>
        <p>On November 13, 2025, CleanSpark closed a significant <strong>$1.15 billion</strong> offering of 0.00% convertible senior notes set to mature in 2032. The offering enabled the company to repurchase approximately <strong>30.6 million shares</strong>, representing about <strong>10.9%</strong> of its outstanding common stock, for <strong>$460 million</strong>. Notably, no shares were repurchased from directors or officers.</p>
        <p>The remaining net proceeds from this offering will be utilized for:</p>
        <ul>
            <li>Expanding CleanSpark's power and land portfolio</li>
            <li>Developing data center infrastructure</li>
            <li>Repayment of outstanding Bitcoin-backed credit balances</li>
            <li>General corporate purposes</li>
        </ul>
        <p>Furthermore, CleanSpark executives held a webcast on November 25 to discuss the full results for fiscal year 2025, which included updates on the company's AI strategic evolution and responses to inquiries from the analyst community.</p>
    </section>

    <section>
        <h3>November 2025 Bitcoin Mining Metrics</h3>
        <p>During November 2025, CleanSpark achieved the following production metrics:</p>
        <ul>
            <li><strong>Bitcoin produced:</strong> 587</li>
            <li><strong>Peak single-day Bitcoin production:</strong> 20.44</li>
            <li><strong>Average daily Bitcoin production:</strong> 19.54</li>
            <li><strong>Year-to-date 2025 Bitcoin produced:</strong> 7,124</li>
        </ul>
        <p>The company also provided insights into its operational efficiency with these fleet metrics:</p>
        <ul>
            <li><strong>Operational Hashrate:</strong> 50 EH/s</li>
            <li><strong>Average operating hashrate:</strong> 47.4 EH/s</li>
            <li><strong>Peak efficiency of deployed fleet:</strong> 16.07 J/Th</li>
            <li><strong>Deployed fleet as of November 30:</strong> 246,104 miners</li>
        </ul>
        <p>In terms of Bitcoin treasury metrics, CleanSpark reported:</p>
        <ul>
            <li><strong>Total Bitcoin holdings as of November 30:</strong> 13,054</li>
            <li><strong>Total Bitcoin sold:</strong> 565.41</li>
            <li><strong>Total USD proceeds from Bitcoin sales:</strong> $52,005,409</li>
            <li><strong>Average price per Bitcoin sold:</strong> $91,979</li>
        </ul>
    </section>

    <section>
        <h3>Power Portfolio Growth</h3>
        <p>As of November 2025, CleanSpark's power portfolio included:</p>
        <ul>
            <li><strong>GW under contract:</strong> 1.45</li>
            <li><strong>Utilized MW:</strong> 808</li>
        </ul>
        <p>Matt Schultz, Chief Executive Officer and Chairman of CleanSpark, commented on the company's progress: <em>"CleanSpark's growth this year reflects what's possible when a team believes in a shared mission. Our emphasis on expanding contracted power and efficient mining positions us well for the future."</em></p>
    </section>

    <section>
        <h3>About CleanSpark</h3>
        <p>Founded as <strong>CLSK</strong>, CleanSpark is a leading data center developer specializing in Bitcoin mining, with a robust portfolio of over <strong>1.4 GW</strong> of power and infrastructure across the United States. By leveraging competitive energy prices, CleanSpark aims to optimize its operations, thereby maximizing returns for its shareholders.</p>
    </section>

    <section>
        <h3>Forward-Looking Statements</h3>
        <p>This update contains forward-looking statements that are subject to risks and uncertainties. Factors that could cause actual results to differ materially include performance of non-Bitcoin operations, construction completion, and Bitcoin market volatility. CleanSpark is not obligated to update any forward-looking statements unless required by applicable law.</p>
    </section>
</article>

CleanSpark mined 587 bitcoin, increasing contracted power by 11%.
Fiscal year 2025 results showed over $766 million in revenue.
Company closed $1.15 billion offering of convertible notes.
Bitcoin treasury includes 13,054 bitcoins, sold at an average of $91,979 each.
Expanded power capacity to over 1.4 GW, showing operational growth.

CleanSpark Releases November 2025 Bitcoin Mining Update

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