Live Markets
Connecting to live market indices...
Bein Crypto

MARA and CleanSpark Post $851 Million in Combined Quarterly Losses

MARA and CleanSpark Post $851 Million in Combined Quarterly Losses

MARA Holdings (MARA) and CleanSpark (CLSK) reported heavy losses on August 6, extending a slump across public Bitcoin (BTC) miners as falling prices triggered large non-cash valuation losses.

Both firms leaned on their pivot toward artificial intelligence and data center infrastructure, joining rivals TeraWulf, Core Scientific, and Cipher in betting that compute capacity can offset shrinking returns from Bitcoin production.

MARA Holdings and CleanSpark Report Quarterly Losses MARA Holdings posted a second-quarter net loss of $611.3 million, or $1.60 per share. That reversed an $808.2 million profit a year earlier. Revenue fell 27% to $174.9 million, missing forecasts.

The company tied roughly $343 million of the loss to mark-to-market declines on its Bitcoin holdings. CleanSpark reported fiscal third-quarter revenue of $138 million, down 30.5% year-over-year. Its net loss reached $239.8 million, against a profit last year.

This page shows the RSS-provided summary/preview. Full publisher content remains available at the original source.

BTC
Read Full Article at Source

FAQs

You can click the "Read Full Article at Source" button above. It will route you directly to the original publisher's website where the article is hosted in full.

Yes, most public blockchains (like Bitcoin and Ethereum) are transparent. Transactions can be traced back to public keys and wallet addresses, meaning that while they are pseudonymous (names are not directly tied to addresses), they are not completely anonymous.

TRADEMINATI X is an automated real-time cryptocurrency news aggregator. It fetches and analyzes RSS feeds, organizing publications by coin hashtags to make tracking specific assets efficient.
Ad Space