CleanSpark, a company mining Bitcoin, had a really good quarter. They made a lot of money, $111.8 million to be exact. This is a big increase compared to last year, when they only made $42.5 million. They also made a profit of $126.7 million this time, which is a big change from losing $18.5 million last year. Adjusted EBITDA, a way to measure how well a company is doing, also went up a lot, from $12.7 million to $181.8 million.

The CFO of CleanSpark, Gary A. Vecchiarelli, said this quarter was really good for them. He mentioned that they made more money because the price of Bitcoin went up. CEO Zach Bradford said they were able to make more money because they increased how much Bitcoin they could mine by 60%. They also found a cheaper way to get electricity, which helped them save money.

Even though the quarter ended before Bitcoin changed how much it gives to miners, CleanSpark is still doing well. They have a lot of money, almost $700 million, and no debt. This means they are in a good position to grow even more. Bradford said they will keep trying to be innovative and make more money for their shareholders.

In conclusion, CleanSpark had a really good quarter. They made a lot of money because the price of Bitcoin went up. They also found ways to save money, like getting cheaper electricity. Even though Bitcoin changed how much it gives to miners, CleanSpark is still doing well. They have a lot of money and no debt, so they can keep growing in the future.