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CoinVoice has learned that, according to The Block, Bitcoin mining companies MARA and CleanSpark have released their financial reports for the first quarter of 2025. MARA's quarterly revenue rose 30% year-on-year to $214 million, but it reported a net loss of $533 million; CleanSpark's revenue increased 63% year-on-year to $182 million, with a net loss of $139 million.
MARA is seeking to expand its Bitcoin holdings through a $2 billion stock issuance. As Bitcoin breaks the $100,000 mark, the stock prices of both companies have risen.