MARA and CleanSpark saw revenue growth of 30% and 63% respectively in the first quarter of 2025, with revenues of $214 million and $182 million, but both recorded losses. MARA reported a loss of $533 million, while CleanSpark lost $139 million. In comparison, during the same period in 2024, MARA's net loss was $337 million, and CleanSpark achieved a net profit of $127 million. MARA plans to raise funds by issuing up to $2 billion in stock for Bitcoin acquisitions and general operating expenses, while CleanSpark continues to focus on Bitcoin mining operations. (TheBlock)
MARA and CleanSpark report revenue growth in Q1, but both report losses
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