Bitcoin mining company CleanSpark reported a net loss of $29 million in Q4 and will continue to purchase mining machines this year

ChainCatcher news, Bitcoin mining company CleanSpark announced a net loss of $29 million for the fourth quarter ending December 2022, with revenue of $27.8 million. As of December 31, the company had total assets of $487 million and liabilities of $59.8 million.

In addition, CleanSpark aims to acquire undeveloped projects of 50-75 megawatts or make acquisitions to achieve a growth target of 16 EH/s by the end of 2023. The company stated during its quarterly earnings call on Thursday that it expects to continue purchasing mining machines taking advantage of current spot market prices. (source link)