BlockBeats News, May 9th, according to a statement released on Thursday, Bitcoin miners MARA and CleanSpark both saw revenue growth in the first quarter of this year, increasing by 30% and 63% respectively.
MARA's first-quarter revenue rose from $165 million in the previous year to $214 million. CleanSpark's quarterly revenue as of March increased from $112 million in the same period in 2024 to $182 million.
Despite the revenue growth, both companies also experienced net losses, with MARA losing $533 million and CleanSpark losing $139 million.
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