Summary by Moomoo AI
CleanSpark, a bitcoin mining company, reported a significant increase in its financial performance for the quarter ended March 31, 2024. The company's net revenues from bitcoin mining surged to $111,799, compared to $42,488 in the same period the previous year. This substantial growth contributed to a net income of $126,735 for the quarter, a stark contrast to the net loss of $18,460 reported in the corresponding quarter of 2023. The diluted earnings per share for the quarter stood at $0.58, up from a loss of $0.23 per share in the prior year. CleanSpark's total assets more than doubled, reaching $1,537,315 as of March 31, 2024, from $761,578 on September 30, 2023. The company's business development has been robust, with the completion of an additional 50 MW of data center infrastructure in Sandersville, GA...Show More