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jinsi ya kucheza parimatch CleanSpark narrowed its loss in its fiscal third quarter.The bitcoin mining company had a blockbuster July.CleanSpark shares are up over 150% YTD at writing.Bitcoin miner CleanSpark Inc is trading slightly up in extended hours after reporting a narrower-than-expected loss for its fiscal third quarter.CleanSpark Q3 financial highlightsLost .2 million versus the year-ago .3 millionPer-share loss also narrowed from 40 cents to 12 centsRevenue jumped 47% year-on-year to .5 millionConsensus was 17 cents loss on .7 million revenueEnded the quarter with 5 million of cash and bitcoinThe bitcoin mining company now has assets worth more than liabilities on its balance sheet. Gary Vecchiarelli the Chief Financial Officer of CleanSpark said today in the press release:I like the flexibility of our balance sheet and our operational performance. We have all pieces in place to extend our strong track record of growth and operational excellence.CleanSpark had a blockbuster JulyCleanSpark had its Georgia location go live in July that added more than 15,000 miners and 50 megawatts of power, as per the press release.The Nasdaq-listed firm trailed only Marathon Digital and Core Scientific in terms of the number of bitcoin mined last month. According to its CEO Zach Bradford:We have fully funded our growth to 16 EH/s, including miners, facilities, and other infrastructure. We continue to build on our track record of executing on commitments.The hash rate improved to 9 EH/s in its recently concluded quarter. At writing, shares of CleanSpark Inc are up more than 150% versus the start of 2023. Its peer Marathon Digital also reports its quarterly update earlier this week (read more).
- jinsi ya kucheza parimatch The US Bureau of Industry and Security (BIS) added seven Chinese aerospace electronics and related entities to its Entity List on Wednesday, restricting tech exports to them from US companies. BIS stated that the entities perform activities contrary to US national security and foreign policy interests by utilizing American tech “in support of Chinas military modernization efforts. According to BISs announcement, six out of the seven entities are technically research institutions, at least by name, that focus on aerotechnics, including both hardware and software. An analyst familiar with the field told Caixin that five of the seven entities listed had experience in aerospace semiconductor development, suggesting that the US is aiming to contain Chinas development in this industry. China Aerospace Science and Technology Corporation (CASC) 9th Academy 772 Research Institute, for example, develops over 20 types of chips and 600 models used for airspace and military projects, according to Caixin. The latest addition brings the total number of Chinese entities on the list to 600, with more than 100 added since the start of the Biden administration. [Caixin, in Chinese]