CleanSpark to Divest From Energy Holdings to Focus on Bitcoin Mining

CleanSpark – reporting results for its fiscal third quarter – said it will sell its energy business assets in order to focus completely on bitcoin mining.

The firm reported a $29.3 million net loss for the third quarter of its fiscal year, in part driven by the reclassification of the energy business to be discontinued, which resulted in a $10.6 million impairment charge. Revenue of $31 million missed analyst estimates for $34.5 million, according to FactSet data. Adjusted EBITDA of $15.2 million was down from $22.5 million the previous quarter.

CleanSpark_Inc egreechee Power move 💪🏻

CleanSpark_Inc egreechee $HEX

Energy Energy Latest News, Energy Energy Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Iris Energy Turns On 41MW of Bitcoin Mining Machines Ahead of Schedule.irisenergyco doubled its operating hashrate to 2.3 EH/s after completing a bitcoin mining facility in British Columbia, Canada ahead of schedule. egreechee reports irisenergyco egreechee I’m sure you could vent that heat to keep warm(;
Source: CoinDesk - 🏆 291. / 63 Read more »

Iris Energy doubles hash rate after reaching 50 megawatts at Mackenzie siteBitcoin miner Iris Energy doubled its hash rate to 2.3 EH/s and expects to add an additional 1.4 EH/s by the end of the month.
Source: TheBlock__ - 🏆 464. / 53 Read more »