Bitcoin Miner CleanSpark 2021 Revenue Rises 400%

Posted on by American Coins & Gold

Bitcoin Miner CleanSpark 2021 Revenue Rises 400%
CleanSpark’s total revenue rose 400% in its 2021 fiscal year, but the sustainable bitcoin mining and energy technology company also recorded a net loss of $21.8 million, or $0.75 per share, it announced on Tuesday.For the year ended Sept. 30, CleanSpark generated $49.4 million in revenue, up from about $10 million the previous year. More than $27 million came in its fourth quarter as bitcoin’s price rose. The net loss was slightly less than the $23.3 million or $2.44 per share loss for its 2020 fiscal year.CleanSpark’s adjusted EBITDA for the year was $9 million or a $0.31 gain per…