TechFlow news, May 9 — According to The Block, bitcoin mining companies MARA and CleanSpark released their first-quarter 2025 financial reports. MARA's quarterly revenue increased 30% year-on-year to $214 million, but reported a net loss of $533 million; CleanSpark's revenue rose 63% year-on-year to $182 million, with a net loss of $139 million. MARA is seeking to expand its Bitcoin holdings through a $2 billion stock offering. As Bitcoin surpassed $100,000, both companies saw their stock prices rise.
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