Stock Track | CleanSpark Soars Over 7% in Pre-Market on Stellar Q1 Results, Booming Bitcoin Mining Growth

Stock Track

Feb 07, 2025

CleanSpark, Inc. (CLSK) witnessed a remarkable pre-market surge of over 7% on Friday, driven by the company's stellar first-quarter 2025 financial results and its rapidly expanding Bitcoin mining operations.

In its latest earnings report, CleanSpark announced a staggering 120% year-over-year increase in revenue, reaching $162.3 million for the first quarter. This impressive figure surpassed analysts' expectations of $150.87 million. Furthermore, the company's adjusted earnings per share (EPS) of $0.85 significantly outperformed the consensus estimate of $0.09.

The standout financial performance can be attributed to CleanSpark's thriving Bitcoin mining business. The company's operational hashrate surpassed 40 exahashes per second (EH/s) in January, positioning it firmly on track to achieve its ambitious goal of reaching 50 EH/s in the first half of 2025. Notably, CleanSpark's marginal cost of mining Bitcoin during the quarter was approximately $34,000, enabling the company to accumulate a substantial Bitcoin treasury through self-mining rather than acquiring the digital asset at market prices.

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(CLSK) witnessed a remarkable pre-market surge of over 7% on Friday, driven by the company's stellar first-quarter 2025 financial results and its rapidly expanding Bitcoin mining operations.</p>\n\n<p>In its latest earnings report, CleanSpark announced a staggering 120% year-over-year increase in revenue, reaching $162.3 million for the first quarter. This impressive figure surpassed analysts' expectations of $150.87 million. Furthermore, the company's adjusted earnings per share (EPS) of $0.85 significantly outperformed the consensus estimate of $0.09.</p>\n\n<p>The standout financial performance can be attributed to CleanSpark's thriving Bitcoin mining business. The company's operational hashrate surpassed 40 exahashes per second (EH/s) in January, positioning it firmly on track to achieve its ambitious goal of reaching 50 EH/s in the first half of 2025. Notably, CleanSpark's marginal cost of mining Bitcoin during the quarter was approximately $34,000, enabling the company to accumulate a substantial Bitcoin treasury through self-mining rather than acquiring the digital asset at market prices.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CLSK","symbol_name":"CleanSpark, Inc.","start_time":0,"source_url":"","article_id":"1143596557","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1143596557","pubTimestamp":1738918964,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"CleanSpark, Inc.  witnessed a remarkable pre-market surge of over 7% on Friday, driven by the company's stellar first-quarter 2025 financial results and its rapidly expanding Bitcoin mining operations.In its latest earnings report, CleanSpark announced a staggering 120% year-over-year increase in revenue, reaching $162.3 million for the first quarter. 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