This post was originally published on Coinspeaker
Key NotesThe miner eliminated all outstanding balances under facilities worth up to $300 million by November 2024.CleanSpark raised $1.15 billion through convertible notes to retire debt and fund AI data center expansion.Bitcoin hashprice near $35/PH/s/Day has squeezed mining margins to break-even levels for the company.
Bitcoin miner CleanSpark [NC] has repaid its credit facility with Coinbase, acting decisively amid falling Bitcoin BTC $90 279 24h volatility: 3.0% Market cap: $1.80 T Vol. 24h: $67.33 B prices and declining hashprice levels. The move signals a shift toward greater financial caution amid market volatility that is pressuring mining profitability.
CleanSpark disclosed in its annual report that it fully repaid the Bitcoin-backed revolving line of credit from Coinbase, as well as a separate facility with Two Prime, which was announced in September 2024. By November 2024, the company had eliminated outstanding balances under both credit lines, as reported on Nov. 26.
Today $CLSK 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
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