Bitcoin miner CleanSpark posts record $257M profit
Bitcoin miner CleanSpark posts record $257M profit in Q3!
CleanSpark reported a record-breaking quarter with $198.6 million in revenue and $257.4 million in net income, driven by strong Bitcoin production and rising prices. Despite the stellar results, the stock saw little movement.
Bitcoin [BTC] miner CleanSpark has reported its best quarter yet, with revenue and profit soaring past expectations.
The results come as the wider mining industry benefits from higher Bitcoin prices but continues to navigate global competition and energy challenges.
Record quarter marks milestone
CleanSpark’s fiscal Q3 results showed a sharp year-on-year turnaround, with revenue climbing 91% to $198.6 million and net income hitting $257.4 million.
This reverses a $236.2 million loss in the same period last year.
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