June-quarter mining gross profit vs. miner depreciation
Company: CleanSpark
The claim, verbatim
In the June quarter, CleanSpark's $52.5 million of gross profit did not cover its $99.9 million of miner depreciation.
Source (primary)
CleanSpark Sinks 11%, Cipher Down 18% as Texas Elects Critic of “Data Center Madness” - TIKR.com (-, news_article)
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Quote: “In the June quarter, its $52.5 million of gross profit didn’t cover $99.9 million of miner depreciation.”
How we checked this
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Additional evidence
confirms CleanSpark Sinks 11%, Cipher Down 18% as Texas Elects Critic of “Data Center Madness” - TIKR.com
Quote: “In the June quarter, its $52.5 million of gross profit didn’t cover $99.9 million of miner depreciation.”