Cleanspark reports 162.3 million USD in quarterly revenue: ‘Why buy Bitcoin at current prices when we can mine it for 34,000 USD?’

CleanSpark announced quarterly revenue of 162.3 million USD, a 120% increase year-over-year, alongside a remarkable net income of 246.8 million USD for Q4 2024.

The company plans to expand its mining operations aiming for 50 EH/s capacity by mid-2025, reflecting its strategy focused solely on Bitcoin mining amidst market challenges.

In addition to its impressive financial results, CleanSpark acquired GRIID for 155 million USD and completed a funding round of 650 million USD, bolstering its growth strategy.