MARA and CleanSpark reported revenue growth in the first quarter, but both reported net losses "
According to online reports, MARA and CleanSpark's first-quarter revenue increased by 30% and 63% respectively year-on-year, with MARA reaching US$214 million and CleanSpark reaching US$182 million. However, both companies reported net losses, with MARA losing $533 million and CleanSpark losing $139 million. "We will maintain discipline in how and where we expand to maximize profitability," MARA Chairman and CEO Fred Thiel said in a letter to shareholders. CleanSpark CEO Zach Bradford said: "CleanSpark has doubled its bets and become the only listed company that still insists on pure Bitcoin mining."
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