PANews reported on December 3 that according to PR Newswire, Nasdaq-listed Bitcoin mining company CleanSpark announced its financial results for the fiscal year ending September 30, 2024. The company's annual revenue was $378.9 million, an increase of $210.5 million, or 125%, from $168.4 million in the previous fiscal year. The net loss for the year ended September 30, 2024 was $145.8 million, with a basic loss per share of $0.69, compared with a net loss of $138.1 million and a loss per share of $1.30 in the previous fiscal year. Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) was $245.8 million, an increase of $220.8 million from $25 million in the previous fiscal year.
As of September 30, 2024, the balance sheet shows that assets include: cash of $122.2 million, Bitcoin worth $509.5 million, total current assets of $705.4 million; total mining assets of $902 million; total assets amount to $2 billion. Liabilities include: current liabilities of $187.9 million, total liabilities of $201.8 million, total equity of $1.8 billion. As of September 30, 2024, the company's working capital is $517.5 million, and loans payable amount to $66 million.
