Financial Performance - The company reported Q3 total revenue of $224.6 million, a 60.6% increase quarter-over-quarter, with Bitcoin mining revenue accounting for $220.9 million [1] - Operating profit for the period was $43.5 million, net profit reached $37.3 million, and adjusted EBITDA was $80.1 million [1] - The average operational hash rate increased from 40.91 EH/s in July to 46.09 EH/s in October, with an operational efficiency exceeding 92% [1] Bitcoin Mining Metrics - The company mined a total of 1,930.8 Bitcoins in Q3, with a daily average production of 21.0 Bitcoins, representing a quarter-over-quarter increase of 37.5% and 36.0% respectively [1] - The cost of mining a single Bitcoin, excluding machine depreciation, was $81,072, while the total cost was $99,383 [1] - Cumulatively, the company is approaching the milestone of 7,000 Bitcoins mined since entering the Bitcoin mining industry [1] Market Strategy and Future Plans - The company is closely monitoring the complex and volatile market environment, particularly the significant fluctuations in Bitcoin prices [1] - It plans to dynamically manage its hash rate output and explore collaborative models to mitigate market volatility risks and enhance operational stability [1] - The company has outlined a detailed development roadmap for its AI initiatives, which includes three phases: short-term GPU power leasing, mid-term self-operated data center hubs, and long-term development of a globally distributed AI computing network powered by green energy [2]