Bitcoin miners MARA and CleanSpark post double-digital revenue drops as AI infrastructure pivot continues

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Bitcoin miners MARA and CleanSpark post double-digital revenue drops as AI infrastructure pivot continues

60-second summary

Bitcoin miners MARA and CleanSpark are experiencing significant financial downturns, with MARA's net loss widening to $611.3 million or $1.60 per diluted share, and CleanSpark's net loss reaching $239.8 million or $0.89 per basic share, indicating a double-digital revenue drop for both companies as they pivot towards AI infrastructure, impacting the broader crypto mining sector's profitability.

MARA's net loss widened to $611.3 million, or $1.60 per diluted share, while CleanSpark’s was $239.8 million, or $0.89 per basic share.