CleanSpark Announces November 2025 Bitcoin Mining Update
CleanSpark, Inc. (Nasdaq: CLSK), 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 587 Bitcoin and an increase in contracted power by nearly 11% during the month. CleanSpark's financial results for fiscal year 2025 showed transformative revenue exceeding $766 million. Additionally, the company announced the successful closing of an upsized offering of $1.15 billion in zero-coupon convertible notes.
Financial Highlights and Power Expansion
On November 13, 2025, CleanSpark closed a significant $1.15 billion offering of 0.00% convertible senior notes set to mature in 2032. The offering enabled the company to repurchase approximately 30.6 million shares, representing about 10.9% of its outstanding common stock, for $460 million. Notably, no shares were repurchased from directors or officers.
The remaining net proceeds from this offering will be utilized for:
- Expanding CleanSpark's power and land portfolio
- Developing data center infrastructure
- Repayment of outstanding Bitcoin-backed credit balances
- General corporate purposes
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.
November 2025 Bitcoin Mining Metrics
During November 2025, CleanSpark achieved the following production metrics:
- Bitcoin produced: 587
- Peak single-day Bitcoin production: 20.44
- Average daily Bitcoin production: 19.54
- Year-to-date 2025 Bitcoin produced: 7,124
The company also provided insights into its operational efficiency with these fleet metrics:
- Operational Hashrate: 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 miners
In terms of Bitcoin treasury metrics, CleanSpark reported:
- Total Bitcoin holdings as of November 30: 13,054
- Total Bitcoin sold: 565.41
- Total USD proceeds from Bitcoin sales: $52,005,409
- Average price per Bitcoin sold: $91,979
Power Portfolio Growth
As of November 2025, CleanSpark's power portfolio included:
- GW under contract: 1.45
- Utilized MW: 808
Matt Schultz, Chief Executive Officer and Chairman of CleanSpark, commented on the company's progress: "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."
About CleanSpark
Founded as CLSK, CleanSpark is a leading data center developer specializing in Bitcoin mining, with a robust portfolio of over 1.4 GW 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.
Forward-Looking Statements
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.