Bitcoin mining companies MARA and CleanSpark reported revenue growth in the first quarter, but both recorded net losses
ChainCatcher news, according to The Block, Bitcoin mining companies MARA and CleanSpark released their Q1 2025 financial reports. MARA's quarterly revenue increased by 30% year-on-year to $214 million, but it reported a net loss of $533 million; CleanSpark's revenue grew by 63% year-on-year to $182 million, with a net loss of $139 million.
MARA is seeking to expand its Bitcoin holdings through a $2 billion stock issuance. As Bitcoin surpasses $100,000, the stock prices of both companies have risen.
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