Mining company CleanSpark bitcoin reserve value exceeded $1 billion, Q3 revenue surged 91% year-on-year
2025-08-07 22:34:46
Bitcoin miner CleanSpark (NASDAQ: CLSK) announced the results of the third quarter of fiscal 2025. Revenue increased by 91% year-on-year to $198.60 million, and net profit reached $257.40 million. Net profit may exceed revenue because there are non-operating income, such as income from asset sales, investments or one-time events, which are included in net profit but not revenue. Benefiting from the increase in bitcoin price (from about $86,500 to about $109,000 in Q3) and the expansion of its holdings, its total bitcoin reserves are worth about $1.08 billion, accounting for a significant part of the company's total assets of $3.10 billion. CleanSpark also announced that its computing power reached 50 EH/s, accounting for 5.8% of the global computing power, making it the first publicly traded company to achieve this level entirely relying on domestic infrastructure in the United States.
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