CleanSpark's Bitcoin Reserves Surpass $1 Billion in Value, Q3 Revenue Soars 91% Year-on-Year
According to Jinse Finance, Bitcoin mining company CleanSpark (NASDAQ: CLSK) has released its financial results for the third quarter of fiscal year 2025, reporting a 91% year-over-year increase in revenue to $198.6 million and a net profit of $257.4 million. Net profit may exceed revenue due to non-operating income, such as gains from asset sales, investments, or one-off events, which are included in net profit but not in revenue. Benefiting from the rise in Bitcoin prices (which increased from around $86,500 to approximately $109,000 during Q3) and an expanded Bitcoin holding, the total value of CleanSpark’s Bitcoin reserves is about $1.08 billion, making up a significant portion of the company’s total assets of $3.1 billion. CleanSpark also announced that its computing power has reached 50 EH/s, accounting for 5.8% of global hash rate, making it the first publicly listed company to achieve this level solely through U.S.-based infrastructure.
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