CleanSpark's BTC reserves exceeded $1 billion in Q3, with revenue increasing 91% year-on-year.

CleanSpark, a Bitcoin mining company, announced its third-quarter results for fiscal year 2025 (ending June 30). Revenue surged 91% year-over-year to $198.6 million, with adjusted EBITDA reaching $377.7 million (compared to a loss of $12.6 million in the same period last year). CleanSpark's net profit was $257.4 million, primarily driven by a 26% quarterly increase in Bitcoin prices and the expansion of its operations.