TechFlow news, according to The Block, Bitcoin mining company CleanSpark has released its Q4 2024 financial report. Data shows the company achieved quarterly revenue of $162.3 million, a 120% year-on-year increase; net profit reached $246.8 million, with adjusted EBITDA at $321.6 million. As of the end of 2024, the company held 10,500 bitcoins, with total assets reaching $2.8 billion. Notably, CleanSpark's mining cost per bitcoin was only approximately $34,000.
CFO Gary Vecchiarelli stated that mining is more advantageous than direct purchasing under current market prices. The company plans to expand operations in Wyoming, Tennessee, and Georgia during the first half of 2025, aiming to increase its computing power to 50 EH/s.
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