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Bitcoin Miner CleanSpark Posts Record $257 Million Profit in Q3!
In a shocking turn of events, Bitcoin mining giant CleanSpark has just announced its most profitable quarter to date. With revenues soaring 91% year-over-year to an astonishing $198.6 million and net income reaching a record-breaking $257.4 million, this monumental achievement marks a significant milestone for the company.
According to the report, CleanSpark’s strong Bitcoin production and rising prices have fueled this unprecedented success. The CEO, Zack Bradford, has hailed this quarter as “the most successful in our history,” crediting the firm’s strategy, execution, and team commitment.
Notably, despite these remarkable results, the stock price saw little to no movement following the announcement, a trend that mirrors the overall sentiment within the industry. This unassuming response comes amid an unprecedented surge in Bitcoin prices, which has seen the value of the cryptocurrency rise by a staggering 32% over the past few months.
As CleanSpark’s Bitcoin production increased, it also managed to maintain its impressive operational performance, with a remarkable 50 exahashes per second. Moreover, the company expanded its Bitcoin holdings, now boasting an impressive collection of 12,703 BTC valued at around $1.48 billion.
Source: ambcrypto.com
