According to ChainCatcher, CleanSpark, a listed Bitcoin mining company, released its third-quarter financial report. Its revenue in the third quarter was $104.1 million, an increase of $58.6 million or 129% from $45.5 million in the same period last year. CleanSpark's net loss in the third quarter was $236.2 million, compared with a loss of $14.1 million in the same period last year.
CleanSpark mined 1,583 bitcoins in the third quarter. As of June 30, CleanSpark had $129.2 million in cash, $413 million in bitcoin, $598.8 million in total current assets, and $625.8 million in total mining assets (including prepaid deposits and deployed mining machines) on its balance sheet. As of June 30, 2024, the company had working capital of $531.9 million and debt of $11 million.
