CleanSpark, a mining company, generated $162 million in revenue in the fourth quarter, with a single Bitcoin mining cost of approximately $34000

BlockBeats news, on February 7th, according to TheBlock, Bitcoin mining company CleanSpark released its Q4 2024 financial report, with quarterly revenue reaching $162.3 million, a year-on-year increase of 120%; Net profit of 246.8 million US dollars, adjusted EBITDA of 321.6 million US dollars. As of the end of 2024, the company holds 10500 bitcoins with total assets of $2.8 billion. It is worth noting that CleanSpark's mining cost per Bitcoin is only about $34000. CFO Gary Vecchiarelli stated that mining has more advantages than direct purchasing at current market prices. The company plans to increase its computing power to 50 EH/s by expanding operations in Wyoming, Tennessee, and Georgia in the first half of 2025.