CleanSpark reports $162.3 million in quarterly revenue: ‘Why buy bitcoin at current prices when we can mine it for $34,000?’
Bitcoin miner CleanSpark reported revenues of $162.3 million for the fourth quarter of 2024, up 120% year-over-year, at a marginal cost to mine of approximately $34,000 per bitcoin.The company’s net income came in at $246.8 million in Q4, or $0.85 per basic share, compared to $25.9 million, or $0.14…