CleanSpark (CLSK) has reported its Q3 FY2024 financial results, with a 129% revenue increase. The company's revenue reached $104.1 million, despite reporting a net loss of $236.2 million and Adjusted EBITDA of negative $12.7 million. CEO Zach Bradford attributed the losses to strategic decisions aimed at replacing old mining equipment. CleanSpark also secured a $50 million revolving line of credit from Coinbase, collateralized by its Bitcoin holdings.
Source: https://Blockchain.News/news/cleanspark-clsk-reports-q3-fy2024-financial-results-revenue-surges-129
isphere_crypto / Crypto & Blockchain - InfoSphere
npub1u2…tzssv
2024-08-10 04:18:02
Author Public Key
npub1u235f2cryudaw6plpsfqk4feylzvd9f36ufgfyzrvkaukpyx5ptq5tzssvPublished at
2024-08-10 04:18:02Event JSON
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"content": "CleanSpark (CLSK) has reported its Q3 FY2024 financial results, with a 129% revenue increase. The company's revenue reached $104.1 million, despite reporting a net loss of $236.2 million and Adjusted EBITDA of negative $12.7 million. CEO Zach Bradford attributed the losses to strategic decisions aimed at replacing old mining equipment. CleanSpark also secured a $50 million revolving line of credit from Coinbase, collateralized by its Bitcoin holdings.\n\nSource: https://Blockchain.News/news/cleanspark-clsk-reports-q3-fy2024-financial-results-revenue-surges-129",
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}