PANews reported on November 26th that, according to The Block, publicly traded Bitcoin mining company CleanSpark announced revenue of $766 million for fiscal year 2025 (ending September 30th), a 102% year-over-year increase, and net profit of $365 million, reversing a $146 million loss last year. CEO Matt Schultz stated that the company has achieved operating leverage and is shifting its energy asset deployment towards AI data center development. CleanSpark holds over 13,000 Bitcoins and completed a $1.15 billion convertible bond financing round this year, with some of the funds used for share buybacks and supporting AI infrastructure expansion.

Lawmakers in the US House of Representatives and Senate met with cryptocurrency industry leaders in three separate roundtable events this week. Members of the US Congress met with key figures in the cryptocurrency industry to discuss issues and potential laws related to the establishment of a strategic Bitcoin reserve and a market structure.On Tuesday, a group of lawmakers that included Alaska Representative Nick Begich and Ohio Senator Bernie Moreno met with Strategy co-founder Michael Saylor and others in a roundtable event regarding the BITCOIN Act, a bill to establish a strategic Bitcoin (BTC) reserve. The discussion was hosted by the advocacy organization Digital Chamber and its affiliates, the Digital Power Network and Bitcoin Treasury Council.“Legislators and the executives at yesterday’s roundtable agree, there is a need [for] a Strategic Bitcoin Reserve law to ensure its longevity for America’s financial future,” Hailey Miller, director of government affairs and public policy at Digital Power Network, told Cointelegraph. “Most attendees are looking for next steps, which may mean including the SBR within the broader policy frameworks already advancing.“Read more

