According to news from BlockBeats on May 9, Bitcoin miners MARA and CleanSpark both saw revenue growth in the first quarter of this year, increasing by 30% and 63% respectively.
MARA's revenue in the first quarter rose from $165 million last year to $214 million. CleanSpark's revenue for the quarter ending in March increased from $112 million in the same period of 2024 to $182 million.
Despite the income growth, both companies reported net losses, with MARA losing $533 million and CleanSpark losing $139 million.
