'Bitcoin (BTC) Mining Company' CleanSpark Achieves $1.62 Billion Revenue in Q4 Last Year
JH Kim
Summary
- CleanSpark announced that it recorded a revenue of $1.62 billion in Q4 last year, marking a 120% increase compared to the previous year.
- CEO Zach Bradford explained that the revenue increase is due to improvements in operational hash rate and reduced mining costs.
- CleanSpark reported holding 10,556 BTC as of December 31st.
According to the cryptocurrency-focused media outlet Cointelegraph on the 7th (local time), Nasdaq-listed Bitcoin (BTC) mining company CleanSpark announced through its fiscal year 2025 Q1 (2024 Q4) financial report that it recorded a revenue of $1.62 billion.
This marks a 120% increase compared to the previous year.
Zach Bradford, CEO of CleanSpark, explained that the revenue increase is the result of improved operational hash rate, reduced mining costs, expanded Bitcoin holdings, and portfolio optimization.
Meanwhile, as of December 31st (local time), CleanSpark was reported to hold 10,556 BTC.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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