CleanSpark

As we step into our next season of growth, our gratitude runs deeper than ever. CleanSpark wishes you and your loved ones a joyful Thanksgiving. 🦃

Today CleanSpark reported transformative full fiscal year 2025 financial results (ended 9/30/25), setting the stage for our AI expansion. *Revenue: $766.3 million (102% growth YoY) *Net Income: $364.5 million *Total Assets: $3.2 billion *Power Under Contract: 1.31 GW (as of 10/31/25) Full press release here: https://lnkd.in/eKpVPKVf “Fiscal 2025 was the year CleanSpark achieved operating leverage. We surpassed 50 EH/s in operational hashrate, set new revenue records, and demonstrated strategic capital stewardship by choosing accretive capital market tools, such as convertible debt and bitcoin backed revolvers instead of an ATM to finance the business during the calendar year,” said S. Matthew Schultz, Chairman and CEO of CleanSpark. “We are evolving into a comprehensive compute platform that is prepared to optimize value from both AI and bitcoin workloads. Our deep expertise in power procurement, infrastructure development, and efficient scaling gives us a unique advantage in meeting surging global demand for compute.” “I’m proud of our results for the fiscal year. Beyond our revenue of $766 million and hashrate growth achievements, we also demonstrated disciplined capital investment and are financially positioned to rapidly become a leading AI infrastructure provider,” said Gary A. Vecchiarelli, CPA, President and Chief Financial Officer of CleanSpark. “We recently closed a landmark $1.15 billion 0% convertible transaction to accelerate expansion of our power and land portfolio. Our market leading bitcoin mining operations have been supplemented by cash generated from our institutional grade treasury desk. As we continue to execute on our strategies, our goal is to replicate our market leadership across a broader range of compute capabilities.”

CleanSpark has earned the #110 spot on Deloitte's 2025 North America Technology Fast 500™! This milestone underscores our dedication to continuous growth and innovation, and we're honored to be recognized among the trailblazing companies shaping the future of technology and energy. 🌎 Full list here: https://lnkd.in/g54gR4bE

🔊 CleanSpark executives will discuss our fiscal full year 2025 financial results via a live webcast beginning at 4:30 p.m. ET / 1:30 p.m. PT on Tuesday, November 25, 2025. Downloadable files, including a transcript, will be available on the company website 48 hours after the event. Registration link: https://lnkd.in/ebfmvGtF Press release link: https://clsk.news/fy25

Congratulations to S. Matthew Schultz, Gary A. Vecchiarelli, CPA, Brian Carson, Harry Sudock, Leighton Koehler, and the entire CleanSpark team on your $1.15bn convertible issuance! We are thankful for the opportunity to have acted as your trusted financial advisor on this important transaction. Thank you also to the teams at Cantor Fitzgerald and BTIG who acted as bookrunners and to the team at Katten Muchin Rosenman LLP (Mark Wood, Elizabeth McNichol, Timothy James Kirby, Michelle Mount, Delaney Battle), and the team at DLA Piper US LLP (Stephen P. Alicanti, Anna Spence, Justin Michael, Bianca LaCaille, Jordyn Giannone, Jenna Fontenot, and Priyal Thakral), who acted as legal advisors on the transaction and worked tirelessly to deliver an outstanding outcome. https://hubs.la/Q03TTwsy0 #CleanSpark #AmericasBitcoinMiner #Bitcoin #HPC #AI #DataInfrastructure #DataCenters #ICR #ICRCapital #CapitalMarkets #ConvertibleBonds

Watch full panel session: https://lnkd.in/dH-krveg The Institutionalization of Mining: Shareholder Value, Governance & Capital Efficiency at AIM Summit Dubai 2025 Exploring governance, capital allocation, and strategic positioning to attract institutional investors. Hosted by: CleanSpark Speakers S. Matthew Schultz - CEO, CleanSpark Irene Gao - President of Mining, BITMAIN Michael Ho - CEO, American Bitcoin. Moderator Stephen Glagola - Director, TMT Equity Research, JonesTrading #aimsummitdubai2025 #aimsummit #dubai #dubai2025 #mining #governance #capital #cleanspark

Happy to announce the closing of our upsized $1.15 billion 0% coupon note convertible at a premium of 27.5%. The $460m share buyback represents an immediate reduction in ~10.9% of our outstanding shares, as we are confident in where this business is headed. The transaction also provides dry powder to fuel our hunt for power & land for AI & HPC. ⚡☢️🏢 Don't worry....our #bitcoin roots stay deep! 🌳 Thank you to Cantor Fitzgerald & BTIG who were active book runners on the deal. This was a big push and record setting in a number of ways. CleanSpark

CleanSpark has announced the closing of our upsized $1.15 billion zero-coupon convertible notes offering. “This transformative $1.15 billion offering marks a defining moment in CleanSpark’s growth as a leading energy and infrastructure compute platform, strengthened by the support of world-class institutional investors,” said S. Matthew Schultz, CleanSpark Chairman and Chief Executive Officer. “Our repurchase of more than 10% of our outstanding shares for approximately $460 million reinforces our confidence in the business we’re building and our commitment to long-term value creation. This capital empowers us to expand our power portfolio and meet the accelerating demand for high-performance and AI-driven data center infrastructure.” Read the full press release here: https://lnkd.in/eYQuCPVb

We reflect with gratitude today to honor the courage, leadership and dedication of those who have served in our nation’s armed forces. At CleanSpark, we’re proud to work alongside veterans who embody that same strength and sense of purpose in all they do. Veterans have protected the land that represents our freedom and now we’re building a future together that’s powered by it. Thank you for your service and continued inspiration. Happy Veterans Day.