9-5-2025 – Bitcoin mining giants MARA and CleanSpark have unveiled their first-quarter results for 2025, revealing robust revenue surges tempered by significant net losses. MARA, a titan in the crypto mining sphere, saw its coffers swell by 30%, with income climbing to $214 million from $165 million a year prior. CleanSpark, meanwhile, outpaced its rival with a remarkable 63% leap, its quarterly takings soaring to $182 million from $112 million in the corresponding period of 2024.
Yet, beneath the sheen of these gains lies a sobering reality. Both firms grappled with substantial financial setbacks, with MARA recording a staggering $533 million deficit. CleanSpark, though less severely hit, still posted a $139 million loss. These figures underscore the volatile terrain of cryptocurrency mining, where soaring revenues coexist with the persistent spectre of red ink, driven by operational costs and market fluctuations.
