CleanSpark Boosts Power While Bitcoin Miners Cry Over Market Woes

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In a shocking turn of events, CleanSpark (CLSK), the Bitcoin mining company that’s actually thriving, is somehow managing to keep its production levels up in the midst of a digital coin crisis. With the crypto market doing a freefall impression, CleanSpark’s output in November was a solid 587 Bitcoin (BTC)-that’s an 11% jump from October, folks. Yes, you read that correctly: they’re crushing it.

And just when you thought they couldn’t get any more overachieving, CleanSpark expanded its contracted power capacity by 11%, hitting more than 1.4 gigawatts. This is a fancy way of saying they can now mine even more Bitcoin, probably using their very own nuclear-powered Bitcoin machines. Not really, but you get the idea.

CEO Matt Schultz, looking unbothered by the chaos around him, casually mentioned the company’s $1.15 billion zero-coupon convertible note offering. Translation: they raised a boatload of cash with no interest attached. The money is for making CleanSpark even stronger, which, of course, is what every other Bitcoin miner is desperately trying to do right now.

Let’s not forget that CleanSpark just reported its fiscal 2025 numbers, which, spoiler alert, were more than double what they made last year-$766.3 million. I mean, talk about turning lemons into Bitcoin-flavored lemonade!

Bitcoin Miner Economics Under Strain: It’s a Struggle, People

Of course, none of this happens in a vacuum. Bitcoin mining is, like, really hard right now. Prices of Bitcoin dropped a shocking 36% from its mid-October all-time high. Miners everywhere are clutching their calculators and wondering if it’s time to pick a new career path. But not CleanSpark! They’re over here like, “We got this!”

According to CryptoMoon (yes, that’s a thing), November was a brutal month, with the mining industry entering one of its worst economic slumps yet. Revenues are crumbling, margins are getting thinner than a blockchain transaction, and volatility is soaring. It’s like a bad roller coaster that nobody asked to get on.

Meanwhile, The Miner Mag showed that the gap between average miners and the big guys is growing. If you’re not efficient, you might as well sell your equipment now. CleanSpark, however, is obviously playing in the big leagues.

Now, let’s talk about the other miners. MARA Holdings, Riot Platforms, and HIVE Digital Technologies are all seeing their stocks drop faster than Bitcoin’s price. It’s been a tough time for the mining world, but CleanSpark is still standing strong (for now). Unfortunately, even they’ve taken a 30% hit since mid-October, so no one’s completely immune.

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2025-12-03 20:29