Bitcoin Miners MARA and CleanSpark Report Revenue Growth Despite Losses

According to BlockBeats, Bitcoin miners MARA and CleanSpark experienced revenue growth in the first quarter of this year. MARA's revenue increased by 30%, rising from $165 million last year to $214 million. CleanSpark saw a 63% increase, with quarterly revenue reaching $182 million, up from $112 million in the same period in 2024. Despite the revenue growth, both companies reported net losses. MARA incurred a loss of $533 million, while CleanSpark reported a loss of $139 million.