luza studios/E+ via Getty Images 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 teamed up with crypto exchange Coinbase Global (COIN), whereby CleanSpark (CLSK) acquired a $50M revolving line of credit collateralized by a portion of its bitcoin stash. \"This line of credit will help us continue to take advantage of opportunities in the marketplace at a low cost of capital,\" said CleanSpark CFO Gary A. Vecchiarelli. Q3 GAAP EPS of -$1.03, which may not be comparable to the -$0.04 average analyst estimate, dropped from $0.58 in the prior quarter and -$0.12 a year earlier. Net revenue of $104.1M, trailing the $111.3M consensus, fell from $111.8M in Q2 and rose jumped from $45.5M in Q3 of last year. (CLSK) edged up 0.4% in after-hours trading. Adjusted EBITDA was -$12.7M, down from $69.1M in the previous quarter and $13.3M in the year-ago period. As of June 30, 2024, CleanSpark (CLSK) had working capital of $531.9M and debt of $11.0M. CleanSpark (CLSK) was initially scheduled to post its quarterly results on Thursday, but the timing of the report was postponed to Friday.