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Mining company CleanSpark's Bitcoin reserves value surpassed $1 billion, with Q3 revenue soaring 91% year-on-year.
Golden Finance reports that Bitcoin mining company CleanSpark (NASDAQ: CLSK) announced its Q3 performance for the fiscal year 2025, with revenue increasing 91% year-on-year to $198.6 million, and net profit reaching $257.4 million. The net profit may exceed revenue due to non-operating income, such as gains from asset sales, investments, or one-time events, which are included in net profit but not in revenue. Benefiting from the pump in Bitcoin prices (rising from about $86,500 to around $109,000 within Q3) and an expansion in its holdings, its total Bitcoin reserves are valued at approximately $1.08 billion, representing a significant component of the company's total assets of $3.1 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 through domestic infrastructure in the United States.
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