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

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

The financial report shows that the company's adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) was $245.8 million, an increase of $220.8 million compared to the previous fiscal year. The net loss was $145.8 million, with a loss per share of $0.69, an improvement from a loss per share of $1.30 in the previous fiscal year. In terms of balance sheet, the company had operating capital of $517.5 million, loans payable of $66 million, and shareholders' equity of $1.8 billion.