The Mining Pod | Blockspace Media CleanSpark FY 2025 Recap: It's Not an AI Pivot, It's an Expansion w/ Matthew Schultz
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Nov 28, 2025 In this engaging discussion, Matthew Schultz, CEO of CleanSpark, shares insights on the company's impressive FY2025 growth with $766M in revenue and the significant milestone of reaching 50 EH/s. He explores CleanSpark's strategic expansion into AI and HPC loads, detailing partnerships like the one with Submer for innovative cooling solutions. Schultz also highlights plans for new developments in Texas and discusses their capital strategy, including a nearly oversubscribed $1.15B convertible note. This dynamic blend of Bitcoin mining and AI promises an exciting future!
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Operational Discipline Scales Profitably
- CleanSpark's FY2025 performance reflects operational discipline driving high margins and scale.
- Matthew Schultz credits uptime, onsite repair capability, and a unified team culture for the results.
Leadership Change Reenergized The Team
- Matthew described the leadership change as mutual and energizing after Zach Bradford stepped down.
- He emphasized breaking down silos and empowering promoted leaders to increase collaboration.
Sealy Site Wins On Speed And Expandability
- The Austin County (Sealy) site is valuable primarily for its speed to market and pre-ordered substation components.
- CleanSpark expects the first 207 MW to energize starting in 2027 and can expand behind-the-meter generation.