Bitcoin mining companies MARA and CleanSpark both saw revenue growth in Q1, but both experienced losses

BlockBeats news, on May 9th, according to a statement released on Thursday, Bitcoin miners MARA and CleanSpark both saw revenue growth in the first quarter of this year, increasing by 30% and 63% respectively. MARA's first quarter revenue climbed from $165 million the previous year to $214 million. CleanSpark's quarterly revenue as of March increased from $112 million in the same period of 2024 to $182 million. Despite revenue growth, both companies also experienced net losses, with MARA losing $533 million and CleanSpark losing $139 million.