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CLSK CLEANSPARK, INC.

FY2025 10-K
Filed: Nov 25, 2025
Financials
Finance ServicesSEC EDGAR
CLEANSPARK, INC. Overview

CLEANSPARK, INC. (CLSK) filed its fiscal year 2025 10-K annual report with the SEC on Nov 25, 2025. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.

AI Filing Analysis
FY2025 10-K

Business Overview

  • • Core business model as data center developer and bitcoin mining operator with 1,027 MW contracted power across GA, TN, MS, WY
  • • New AI and HPC hosting/leasing segment launched with land acquisition in Texas (271 acres) and 285 MW power supply agreements for AI data center campus
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Management Discussion & Analysis

  • • Revenue $766.3M, up 102% YoY from $379.0M due to 28% increase in miners and higher bitcoin price ($97,337 vs $53,434)
  • • Operating margin approx. 55.2% vs 56.3% (bitcoin mining revenue $766.3M minus cost of revenues $343.1M)
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Risk Factors

  • • Risk of SEC classifying bitcoin as a security, potentially triggering Commodity Exchange Act compliance costs and enforcement actions
  • • U.S. political uncertainty on bitcoin reserve, mining difficulty, and tariffs impacting imported mining equipment supply
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Financial Summary
XBRL

Revenue

$766M

Net Income

$364M

Operating Margin

41.6%

Net Margin

47.6%

ROE

16.8%

Total Assets

$3.2B

Operating Cash Flow

-$461M

Source: XBRL data from CLEANSPARK, INC. FY2025 10-K filing on SEC EDGAR. All figures in USD.

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