Bitcoin miner Cleanspark: QI net income topped $126.70 million
2024-05-11 11:41:13
Cleanspark, a publicly traded bitcoin mining company, reported revenues of $111.80 million in the first quarter of 2024, an increase of $69.30 million, or 163%, from $42.50 million in the same period last year. The increase in revenue coincided with the recent rise in bitcoin, allowing the miner to achieve a net income of $126.70 million during the period. According to the company's press statement, the quarterly profit was equivalent to $0.59 per share of basic income, up from a loss of $18.50 million in the same period last year.
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