In Q1 2025, MARA and CleanSpark experienced revenue growth amid Bitcoin’s surge over 100,000 USD. While CleanSpark’s revenue rose 63%, MARA reported a 30% uptick. Both firms, however, declared substantial net losses, underlining the volatility in the Bitcoin mining sector.
MARA aims to leverage its position by issuing 2 billion USD in stocks to boost its Bitcoin reserves. Despite the losses, MARA’s CEO emphasized the importance of disciplined scaling and capital efficiency in operations, reflecting a strategic long-term growth initiative.
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