Mining earnings

Bitcoin minin

2026-08-14 04:24:17

Crypto miners split in Q2 as AI data center revenue grows and higher Bitcoin output fails to secure profit

Second-quarter earnings from listed crypto mining companies showed a widening gap between firms still relying on Bitcoin mining and those already booking meaningful revenue from AI and high-density data center operations. MARA posted a $611.3 million net loss, including a $343 million unrealized fair-value loss on Bitcoin, even as its quarterly production edged up to 2,422 BTC. Riot Platforms mined more Bitcoin as well, yet its mining revenue fell as the average Bitcoin price declined and network hashrate increased. At the same time, Core Scientific and TeraWulf reported that hosting and HPC leasing had become major contributors to current revenue rather than distant promises. Core Scientific generated $136.7 million in high-density hosting revenue, up from $10.6 million a year earlier, while TeraWulf said HPC leasing made up about 71% of its quarterly revenue. The results also show why headline contract values can mislead. Multi-billion-dollar agreements signed by miners are not the same as revenue already recognized in quarterly statements. What matters now is how much capacity has been delivered, how much rent is being booked, and whether those new businesses can cover construction, depreciation and financing costs.

1550

CleanSpark

2026-07-04 00:30:14

CleanSpark Posts $181.7M in Q2 Revenue and Remains on Track for 50 EH/s Bitcoin Mining Goal

CleanSpark reported financial results for the second quarter of fiscal 2025, showing strong top-line growth but much weaker profitability. Revenue for the three months ended March 31, 2025 reached $181.7 million, up 62.5% from $111.8 million a year earlier. Despite that increase, the company posted a net loss of $138.8 million, or $0.49 per basic share, compared with net income of $126.7 million, or $0.59 per basic share, in the prior-year quarter. Adjusted EBITDA also fell sharply, moving from positive $181.8 million to negative $57.8 million. On the balance sheet, CleanSpark held $97.0 million in cash and $979.6 million in bitcoin, with total assets of $2.7 billion and stockholders’ equity of $1.9 billion. Management said the company remains focused on being a pure-play public bitcoin miner and is still on course to reach its 50 EH/s target in June. Executives also highlighted flexible, non-dilutive financing tools, including a $50 million bitcoin-backed credit line and an expanded revolving facility with Coinbase, as part of a broader strategy to grow operations, preserve equity, and turn bitcoin treasury holdings into a strategic financial resource.

470

CleanSpark

2026-07-04 00:00:14

CleanSpark Q2 Results: Revenue Hits $181.7M as Bitcoin Miner Stays on Track for 50 EH/s

CleanSpark, a U.S. bitcoin mining company, reported fiscal Q2 2025 revenue of $181.7 million for the three months ended March 31, up 62.5% from $111.8 million a year earlier. Despite that top-line growth, the company posted a net loss of $138.8 million, or $0.49 per basic share, compared with net income of $126.7 million, or $0.59 per basic share, in the prior-year period. Adjusted EBITDA also fell sharply to negative $57.8 million from $181.8 million. On the balance sheet, CleanSpark held $97.0 million in cash and $979.6 million in bitcoin as of March 31, 2025. Total current assets were $947.5 million, mining assets totaled $899.6 million, and total assets reached $2.7 billion. Liabilities stood at $766.5 million, including $109.3 million in current liabilities and $641.7 million in long-term debt, while total stockholders’ equity came in at $1.9 billion. Management emphasized that the company remains focused on being a pure-play public bitcoin miner and is still on course to reach its 50 EH/s target in June. Executives also highlighted CleanSpark’s use of non-dilutive financing, including a $50 million bitcoin-backed credit line and an expanded revolving facility with Coinbase, as part of a broader strategy to grow operations while preserving shareholder value and using bitcoin as both a treasury asset and a source of financial flexibility.

540

American Bitc

2026-07-02 10:30:14

Trump-Linked American Bitcoin Posts $59M Q4 Loss as BTC Decline Hits Treasury Holdings

American Bitcoin Corp., the Trump family-linked mining company, reported a Q4 net loss of $59 million as bitcoin prices fell, cutting the value of its digital asset holdings. Revenue of $78.3 million slightly missed estimates. The company held 5,401 BTC at year-end, later rising to over 6,000 BTC. Mining gross margin reached 53%. Shares have fallen nearly 90% from their peak. This article covers financial details, bitcoin treasury strategy, and industry comparisons.

2070