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Bitcoin Miner CleanSpark Cuts 2023 Hashrate Outlook by Nearly 30%

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In addition to the guidance cut, CleanSpark said that its fourth-quarter revenue rose 235% compared to the same period last year. Meanwhile, its net loss widened by 683% year over year, mainly due to the impairment of goodwill and bitcoin balances as well as non-cash charges due to modification of equity instruments, the company said in the statement.

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