Bitcoin mining company CleanSpark's Q4 net loss expanded by 683% year-on-year
ChainCatcher news, Bitcoin mining company CleanSpark's revenue in the fourth quarter of this year increased by 235% year-on-year, but net losses expanded by 683% year-on-year. CleanSpark stated that the main reasons were impairment of goodwill and Bitcoin balances, as well as non-cash expenses due to changes in equity instruments.
In addition, CleanSpark lowered its performance targets for 2023, reducing its year-end hash rate or computing power target from the previous 22.4 EH/s to 16 exahash/s (EH/s), citing delays in the construction of mining facilities by one of its partners, Lancium. (source link)
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