Mining company CleanSpark's Bitcoin reserves value surpassed $1 billion, with Q3 revenue soaring 91% year-on-year.

Golden Finance reported that 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. The 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 (which increased from about $86,500 to approximately $109,000 during Q3) and an expansion in its holdings, the total value of its Bitcoin reserves is about $1.08 billion, making it a significant 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 listed company to achieve this level solely through domestic infrastructure in the United States.