Bitcoin Miners MARA and CleanSpark Show Revenue Surge Amidst Losses

Despite incurring substantial losses in the first quarter of this year, Bitcoin miners MARA and CleanSpark experienced notable revenue growth. MARA saw a 30% increase in revenue, soaring from $165 million to $214 million compared to the previous year. CleanSpark witnessed a more impressive surge of 63%, with its quarterly revenue reaching $182 million, an increase from $112 million in the same period last year. However, both companies reported significant net losses. MARA incurred a staggering loss of $533 million, while CleanSpark reported a considerable loss of $139 million.