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Bitcoin

CleanSpark posts $236M loss in fiscal Q3; partners with Coinbase on $50M credit line

CleanSpark (CLSK) reported a loss of $236.2M for fiscal Q3 2024 due to mark-to-market losses on bitcoin holdings and impairment on miners.

By: Seeking Alpha
  • Aug 10 2024
  • 41
  • 2968 Views
CleanSpark posts $236M loss in fiscal Q3; partners with Coinbase on $50M credit line
CleanSpark posts $236M loss in
CleanSpark (NASDAQ:CLSK) delivered on Friday a loss of $236.2M for fiscal Q3 2024, owing to an unfavorable mark-to-market on the fair value of its bitcoin (BTC-USD) holdings and an impairment on older miners. The bitcoin (BTC-USD) noted that it has t... [1001 chars]

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