Mining company CleanSpark's Bitcoin reserves exceed $1 billion, with Q3 revenue surging 91% year-on-year

According to a report by Golden Finance, Bitcoin mining company CleanSpark (NASDAQ: CLSK) announced its third quarter results for the fiscal year 2025, with revenue increasing by 91% year-on-year to $198.6 million and net profit reaching $257.4 million. 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 rise in Bitcoin prices (from approximately $86500 to approximately $109000 in Q3) and the expansion of its holdings, the total value of its Bitcoin reserves is approximately $1.08 billion, accounting for an important component 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 computing power, making it the first publicly traded company to achieve this level entirely relying on domestic infrastructure in the United States.