CleanSpark has announced its record-breaking Q3 revenue, reaching nearly $200 million, which marks a 91% increase from the previous year's quarter. The company’s revenue for the third quarter, from April to June, was $198.6 million, surpassing analyst expectations of around $195 million. It also reported a significant quarterly net income of $257.4 million, a stark contrast to a loss of $236.2 million the year prior. Diluted earnings per share stood at 78 cents, well above anticipated figures. CEO Zach Bradford highlighted that this quarter was pivotal for CleanSpark, showcasing the effectiveness of their strategy. Additionally, the firm claimed to be the first public mining company in the U.S. to reach a hashrate of 50 exahashes per second. CleanSpark's Bitcoin treasury has now surpassed $1 billion in value, holding 12,703 BTC, valued at about $1.48 billion. Despite these accomplishments, CleanSpark's shares saw a decline of over 2.5% following the announcement, although the overall year-to-date share performance remains positive at 16.4%.

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