CleanSpark Reports Record Q3 Revenue of Nearly $200 Million, Highlighting Growth in Bitcoin Mining Potential

Key Points

1. CleanSpark's Q3 revenue reached $198.6 million, a 91% increase compared to the same quarter last year.

2. The company reported a net income of $257.4 million, compared to a loss of $236.2 million in the previous year.

3. CleanSpark holds 12,703 BTC, valued at approximately $1.48 billion, making it one of the largest Bitcoin holders among public companies.

4. Despite strong earnings, CleanSpark’s shares fell over 2.5% to $10.72, indicating a cautious market response.

5. CleanSpark achieved 50 exahashes per second in Bitcoin mining, becoming the first public company to do so exclusively with American infrastructure.