CleanSpark shares surged by 50% in one week. Find out why...

CleanSpark shares surged Wednesday after the Bitcoin miner released full-year fiscal 2025 results showing sharply higher revenue and a return to profitability.

The stock rose nearly 14% during the session. The increase came as major cryptocurrencies rallied after several days of declines. Bitcoin climbed above $90,000 in afternoon trading, helping lift many crypto-linked equities.

CleanSpark reported revenue of just over $766 million for fiscal 2025. The total was more than double the $379 million recorded the year before. The company also reported net income of $364.5 million, or $1.25 per share, based on generally accepted accounting principles. CleanSpark had posted a loss of $145.8 million in fiscal 2024.

The company described the year’s performance as transformative. It has been expanding into the data center market, though Bitcoin mining remains its primary business. CleanSpark said it held $1.2 billion worth of Bitcoin at the close of the fiscal year.

The rally in Bitcoin provided a favorable backdrop for the earnings release. Traders moved back into digital assets on expectations that the Federal Reserve could cut interest rates next month. Lower borrowing costs have often supported cryptocurrency prices.

CleanSpark’s market capitalization stood near $4.5 billion as of Friday, with shares trading around $15.10. The stock advanced 12.27% that day, adding $1.65. It traded between $14.01 and $15.54 during the session. Over the past year, the shares have ranged from $6.45 to $23.61.

Trading volume reached 51 million shares, higher than the 34 million average. The company does not pay a dividend.

Some investors remain focused on the company’s efforts to broaden its operations beyond mining. Several crypto-sector peers are also expanding their data center activities, and the long-term results of these strategies remain uncertain.

The company’s fiscal update and the rebound in Bitcoin combined to give CleanSpark a strong session, ending a volatile stretch for cryptocurrency assets.