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CleanSpark's mining company Q3 revenue surged by 91%, with a net profit of $257 million hitting a record high.
[Chain News] On August 8, news from CleanSpark, a Bitcoin mining company, announced its performance for the third quarter of the 2025 fiscal year (ending June 30), with revenue surging 91% year-on-year to $198.6 million, and adjusted EBITDA reaching $377.7 million (compared to a loss of $12.6 million in the same period last year). The company's net profit was $257.4 million, mainly benefiting from the rise in Bitcoin prices (quarterly increase of 26%) and the expansion of operational scale.
In this quarter, CleanSpark's hash rate reached 50 EH/s (accounting for 5.8% of the total network), with its Bitcoin holdings valued at over 1 billion USD, and total assets amounting to 3.1 billion USD (including 1.08 billion USD in Bitcoin, 985 million USD in mining equipment, and 34.6 million USD in cash), with total liabilities of approximately 1 billion USD. The company sold 578.51 Bitcoins in June, down from 401.39 in April but up from 293.5 in May.