CleanSpark Q3 revenue is $104.1 million, with a net loss of $236.2 million

ChainCatcher news, the publicly listed Bitcoin mining company CleanSpark has released its third-quarter financial report. The revenue for the third quarter was $104.1 million, an increase of $58.6 million compared to $45.5 million in the same period last year, representing a growth of 129%. CleanSpark reported a net loss of $236.2 million for the third quarter, while the loss in the same period last year was $14.1 million.

In the third quarter, CleanSpark mined 1,583 Bitcoins. As of June 30, CleanSpark's balance sheet included $129.2 million in cash, $413 million in Bitcoin, a total of $598.8 million in current assets, and $625.8 million in total mining assets (including prepaid deposits and deployed mining machines). As of June 30, 2024, the company's working capital was $531.9 million, with debt amounting to $11 million.