CleanSpark announces 2024 financial report: The company's annual revenue reaches $378.9 million, Bitcoin assets $509.5 million

ChainCatcher reports, according to PR Newswire, that Nasdaq-listed Bitcoin mining company CleanSpark has released its 2024 fiscal year financial report. The company's annual revenue reached $378.9 million, a year-on-year increase of 125%. As of the end of September, the company held $122.2 million in cash and $509.5 million in Bitcoin assets, with total assets reaching $2 billion.

The financial report shows that the company's adjusted EBITDA (Earnings Before Interest Taxes Depreciation and Amortization) was $245.8 million, an increase of $220.8 million from the previous fiscal year. Net loss was $145.8 million, with a loss per share of $.69 USD which is an improvement from last fiscal year’s loss per share at $1.30 USD . In terms of liabilities and equity , operating capital stood at 517.5 Million dollars , outstanding loans were 66 Million dollars while shareholder equity stood at 1.8 Billion dollars.