CleanSpark posts Q3 profit beat as hashrate reaches 50 EH/s goal
Main Idea
CleanSpark reported stronger-than-expected fiscal third-quarter earnings, achieving a significant milestone in bitcoin mining capacity.
Key Points
1. CleanSpark's Q3 GAAP EPS was $0.78, exceeding the average analyst estimate of $0.50.
2. The company's earnings improved from -$0.49 in Q2 and -$1.03 in the previous quarter.
3. CleanSpark reached a bitcoin mining milestone of 50 exahashes per second (EH/s).
Description
More on CleanSpark CleanSpark: Execution Over Hype, The Bullish Case Heading Into Earnings CleanSpark: Benefiting From Bitcoin Surge CleanSpark: Gaining Efficiency And Scale CleanSparkâs July bitcoin production slips CleanSpark trades lower amid lower June bitcoin production, higher selling
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