US EditionCleanSpark Reports Second Quarter Fiscal 2025 Results
- On May 8, 2025, from Las Vegas, CleanSpark announced its financial performance for the second quarter of fiscal year 2025, covering the period that concluded on March 31, 2025.
- The company’s revenue rose to $181.7 million for the quarter, marking a substantial increase of $69.9 million—equivalent to a 62.5% growth compared to $111.8 million reported in the same period last year—despite industry shifts where some competitors have slowed their expansion.
- CleanSpark produced 1,957 bitcoins this quarter with an average revenue of $92,811 per coin while managing a net loss of $138.8 million, or $0.49 per share.
- CEO Zach Bradford described the quarter as one marked by focused execution, growth, and strategic consistency, while CFO Gary Vecchiarelli highlighted that the results demonstrate the benefits of operating leverage achieved through increased scale.
- The company aims to reach its 50 EH/s mining target during June, grow its bitcoin treasury, strengthen its balance sheet, and prioritize long-term stockholder value amid industry risks.
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Standard Lithium Reports Fiscal First Quarter 2025 Results
VANCOUVER, British Columbia, May 09, 2025 (GLOBE NEWSWIRE) -- Standard Lithium Ltd. (“Standard Lithium” or the “Company”) (TSXV:SLI) (NYSE American:SLI), a leading near-commercial lithium company, today announced its financial and operating results for the three month fiscal period ended March…
·Hamilton, Canada
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