Episode notes
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Welcome back to The Mining Pod! Today, Matthew Schultz, CEO of CleanSpark, joins us to talk about CleanSpark'sfiscal year 2025 earnings. CleanSpark raked in $766M in revenue for the year, hit the 50 EH/s milestone, and has begun expanding into AI loads. Schultz shares insights on CleanSpark’s partnerships with Submer for cooling solutions, the company’s capital strategy, the potential for hybrid mining-HPC loads at CleanSpark sites, and what the AI revolution means for bitcoin mining in the United States.
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**Notes:**
• $766M in FY 2025 revenueÂ
• LEadership change refocused company
• Austin Texas site underway
• AI load feasibility being explored for Sandersville, other sites
• $1.15B convertible note almost over subscribed
Timestamps:
00:00 Start
03:15 Overview of fiscal year
07:16 Leadership change
09:43 Texas site development
13:41 Submer cooling solutions partner
18:30 Containerized solutions
21:39 Green field vs retrofit
27:23 Blended AI & mining sites
30:50 Two business lines
36:11 $1.15B note
45:19 Evaluating operators
CleanSpark, America's Bitcoin Miner!
CleanSpark (Nasdaq: CLSK), America's Bitcoin Miner®, is a market-leading Bitcoin miner with a proven track record of success. They own a fully self-operated portfolio of mining facilities across the U.S. powered by globally competitive energy prices. CleanSpark sits at the intersection of Bitcoin, energy, operational excellence and capital stewardship. Optimally monetizing low-cost, high reliability electricity positions them to prosper in an ever-changing world.
FBOX, Cooling for Bitcoin Mining and the AI Data Center Transformation
FBOX is the global leader in cooling system manufacturing, with the #1 shipment volume of bitcoin mining containers worldwide. Not only powering for the strongest hashrate, their technology also helps mining infrastructure transform into AI data centers. Backed by the largest production scale on earth, global deployment capability, and a full range of cooling solutions, they are shaping the future of compute.
Luxor, Leaders In Bitcoin Mining and Compute Power!
Get game-changing mining results with Luxor Firmware. Boost hashrate, cut energy costs, protect your hardware, and maximize mining profits with LuxOS.
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