CleanSpark Smashes Q3 Revenue Forecasts—Wall Street Left Playing Catch-Up

CleanSpark just dropped a financial mic on analysts' Q3 expectations—crushing estimates with revenue numbers that scream bullish momentum.

The Bitcoin Miner Flex You Didn’t See Coming

While traditional finance bros were busy shorting crypto ETFs, CleanSpark’s operational efficiency and scaled-up mining capacity delivered a knockout quarter. No fluff—just hash rate turned into cash flow.

A Masterclass in Outperforming Lowball Targets

The street’s models? Dust. The company’s execution? Ruthless. Another quarter proving crypto-native firms eat 'consensus estimates' for breakfast—bonus points for doing it during a 'bear market' (according to guys who still think Fed rates matter).

Closing thought: Maybe analysts should start mining data instead of mining their Excel shortcuts.

First Public Miner 

CleanSpark claims to be the first public mining company to reach 50 exahashes per second (EH/s) in the U.S. It manages 5.8% of the global hashrate. “We reached 50 EH/s of operational hashrate in June, becoming the first public company to do so exclusively with American infrastructure,” Bradford noted. 

The company has bolstered its Bitcoin treasury to over $1 billion in value without raising capital through equity offerings in 2025. CleanSpark currently holds 12,703 BTC, valued at approximately $1.48 billion. These have made it the ninth-largest Bitcoin holder among public companies. 

Further, on January 10,  CleanSpark reached 10,000 Bitcoins mined in U.S.-based operations. This highlights CleanSpark’s strategic expansion and disciplined capital management, positioning it as a leader in the Bitcoin mining industry.

Also Read: Fundamental Global Targets $5B ethereum Treasury via SEC