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CleanSpark, a mining company, reported a fourth-quarter revenue of $162 million, with a single Bitcoin mining cost of approximately $34,000.

2025.02.07 19:16:17

On February 7th, as reported by TheBlock, the Bitcoin mining firm CleanSpark released its Q4 2024 financial report. The quarterly revenue reached $162.3 million, showing a 120% year-on-year increase. The net profit was $246.8 million, and the adjusted EBITDA was $321.6 million. As of the end of 2024, the company held 10,500 bitcoins, with total assets of $2.8 billion. It is worth noting that CleanSpark's cost per mined bitcoin is approximately only $34,000. The CFO, Gary Vecchiarelli, stated that at the current market price, mining is more advantageous than direct purchase. The company plans to increase its hash rate to 50 EH/s in the first half of 2025 through operational expansions in Wyoming, Tennessee, and Georgia.
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