Bitcoin Miner Cleanspark Posts Record $257M Profit, Faces $185M Tariff Dispute
Main Idea
Bitcoin miner Cleanspark reported a record $257.4 million profit in Q2 2025, but faces a $185 million tariff dispute with U.S. Customs and Border Protection over alleged Chinese-origin mining rigs.
Key Points
1. Cleanspark's Q2 2025 revenue reached $198.6 million, a 90% increase from $104.1 million in the same period last year.
2. The company achieved a net profit of $257.4 million, compared to a net loss of $236.2 million in 2024, marking its best quarter ever.
3. Cleanspark's CEO highlighted milestones including 50 EH/s operational hashrate, a $1 billion BTC treasury, and 5.8% of global Bitcoin hashrate.
4. U.S. Customs and Border Protection (CBP) claims Cleanspark owes $185 million in tariffs for mining rigs imported since April 2024, which the company disputes.
5. Another miner, IREN, also faces a $100 million tariff bill from CBP, which it similarly disputes.
Description
In Q2 of 2025, U.S. bitcoin miner Cleanspark reported a revenue of $198.6 million, marking a 90% increase from $104.1 million in the same period last year. Q2 Financial Performance In the second quarter of this year, U.S. bitcoin miner Cleanspark’s revenue soared to $198.6 million, an increase of more than 90% from the $104.1
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