Bitcoin firm CleanSpark reports record revenue as XRP flashes bullish signals for a 600% surge, while Litecoin (LTC) risks a drop
The cryptocurrency market is buzzing with major developments — from record-breaking earnings in Bitcoin mining to fresh bullish technical signals for XRP, uncertainty around Litecoin’s halving aftermath, and surging presale momentum for MAGACOIN FINANCE. Analysts say the next few weeks could set the tone for the remainder of 2025.
CleanSpark Smashes Records, Becomes First U.S. Miner to Hit 50 EH/s
Bitcoin mining firm CleanSpark has delivered its strongest quarter ever, reporting $198.6 million in revenue for its fiscal Q3 — up 91% from last year and beating analyst forecasts. Net income hit $257.4 million, reversing a $236.2 million loss in the same period last year. Diluted EPS came in at $0.78, nearly four times analyst expectations.
CleanSpark also achieved a milestone by becoming the first publicly traded U.S. miner to reach 50 exahashes per second (EH/s) of operational hashrate, powered entirely by domestic infrastructure. The company now commands 5.8% of the global Bitcoin hashrate, holding 12,703 BTC worth $1.48 billion — all without issuing new equity.
While shares dipped 2.5% on Thursday, the company’s operational strength and treasury growth reflect broader sector momentum. Bitcoin’s 32% price increase over the quarter has lifted the mining industry, with rivals like MARA Holdings and Riot Platforms also posting record figures. With CleanSpark’s strategic positioning, analysts expect the firm to remain a key player in the race for Bitcoin dominance.
Litecoin’s Post-Halving Slump Raises $100 Risk
Litecoin, often dubbed Bitcoin’s “silver,” is trading near $125 after its recent halving — but without the price surge many had anticipated. Daily transactions have plateaued at 300,000, and wallet growth is slow.
If momentum doesn’t pick up, LTC could slide below the key $100 support level, triggering panic selling. Still, privacy upgrades and partnerships keep it relevant, leaving room for a potential rebound if trading volume surges.
XRP’s Rare Bullish Signal Points to Possible Breakout
XRP has crossed $3.31, buoyed by a rare “golden cross” in its Market Value to Realized Value (MVRV) ratio — a signal that in past cycles preceded 630% and 54% rallies. At the modest 54% scenario, XRP could reach $5.10, surpassing its 2018 all-time high of $3.84.
A 630% surge would put XRP near $24, giving it a $1.44 trillion market cap. The conclusion of Ripple’s legal battle with the SEC adds to optimism, potentially setting the stage for XRP’s first new ATH in almost eight years.
MAGACOIN FINANCE Presale Hits Peak Momentum
The MAGACOIN FINANCE presale is in overdrive, with demand and urgency at an all-time high. Early entrants are rushing to secure tokens before the next pricing tier, with community activity surging across social platforms. The combination of scarcity-driven excitement and rapid presale growth has traders speculating that MAGACOIN could become one of the most explosive launches of 2025.
Conclusion
From institutional-scale Bitcoin mining gains to bullish altcoin setups, crypto markets are entering a pivotal phase. Litecoin’s uncertainty, XRP’s technical breakout potential, and MAGACOIN FINANCE’s record presale momentum are fueling anticipation for what could be a landmark Q4.
To learn more about MAGACOIN FINANCE, visit:
Website: https://buy.magacoinfinance.com
Access: https://magacoinfinance.com/access
Twitter/X: https://x.com/magacoinfinance
Telegram: https://t.me/magacoinfinance
This publication is sponsored. Coindoo does not endorse or assume responsibility for the content, accuracy, quality, advertising, products, or any other materials on this page. Readers are encouraged to conduct their own research before engaging in any cryptocurrency-related actions. Coindoo will not be liable, directly or indirectly, for any damages or losses resulting from the use of or reliance on any content, goods, or services mentioned. Always do your own research.
Source: https://coindoo.com/cleanspark-revenue-record-bitcoin-litecoin-and-xrp-back-in-bullish-analyst-forecasts/