We report on a fiber-based chirped-pulse-amplification laser system with bulk transmission grating compression to a pulse duration of 357 fs, average power of 175 W, and pulse energy of 233μ J. The compressed pulse train has a beam quality factor M2 of 1.21. The power amplifier is based on a state-of-the-art single-mode photonic crystal rod-type ytterbium-doped fiber operating at 248 W of average power and a repetition rate of 750 kHz. The long-term stability of the laser system has been tested continuously for more than 4000 hours and shows no sign of transverse mode instability.