TechFlow news, December 3 — According to PR Newswire, Nasdaq-listed Bitcoin mining company CleanSpark released its fiscal 2024 financial results. The data shows the company achieved annual revenue of $378.9 million, a year-on-year increase of 125%. As of the end of September 2024, the company held $122.2 million in cash and $509.5 million in Bitcoin assets, with total assets reaching $2 billion.
The financial report indicates that the company's adjusted EBITDA was $245.8 million, an increase of $220.8 million compared to the previous fiscal year. The net loss was $145.8 million, or $0.69 per share, representing an improvement from a loss of $1.30 per share in the prior fiscal year. In terms of balance sheet items, the company had $517.5 million in working capital, $66 million in outstanding loans, and $1.8 billion in shareholders' equity.
