What’s Going On With Bitcoin Mining Stock CleanSpark Tuesday?
Posted On December 3, 2024
CleanSpark Inc (NASDAQ:CLSK) shares are trading lower Tuesday on the heels of the company’s fourth-quarter financial results. CleanSpark also provided a Bitcoin (CRYPTO: BTC) mining update Tuesday morning. Here’s what you need to know.
What Happened: CleanSpark reported fourth-quarter revenue of $89.28 million, beating analyst estimates of $88.64 million, according to Benzinga Pro. The company reported a quarterly loss of 27 cents per share, missing estimates for a loss of 21 cents per share.
Full-year 2024 revenue was up 125% on a year-over-year basis. CleanSpark said its hashrate grew to 33.5 EH/s in the quarter. The company noted that it’s on track to reach 37 EH/s by the end of the year …
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