CleanSpark third quarter earnings: revenue of $104.10 million, net loss of $236.20 million

CleanSpark, a publicly traded bitcoin miner, reported third-quarter earnings of $104.10 million, an increase of $58.60 million, or 129%, from $45.50 million in the same period last year. CleanSpark posted a net loss of $236.20 million in the third quarter, compared to a loss of $14.10 million in the same period last year. CleanSpark mined 1,583 bitcoins in the third quarter. As of June 30, CleanSpark had $129.20 million in cash, $413 million in bitcoin, $598.80 million in total current assets, and $625.80 million in total mining assets (including prepaid deposits and deployed mining machines) on its balance sheet. As of June 30, 2024, the company had $531.90 million in Working Funds and $11 million in debt.