Bitcoin Miner CleanSpark Reports FY24 Earnings, Shares Climb
Posted On December 2, 2024
CleanSpark Inc (NASDAQ:CLSK) reported fourth-quarter financial results after the market close on Monday. Here’s a look at the key details from the quarter.
Q4 Earnings: CleanSpark reported full-year 2024 revenue of $378.97 million, missing analyst estimates of $397.32 million. The Bitcoin (CRYPTO: BTC) mining company reported a full-year adjusted loss of 69 cents per share, missing analyst estimates for a loss of 62 cents per share, according to Benzinga Pro.
Total revenue was up 125% on a year-over-year basis. CleanSpark said it ended the quarter with 8,049 Bitcoin and $122.2 million in cash.
“Our performance this year reflects a sustained …
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