Bitcoin miner CleanSpark reported $26.2 million in revenue, missing the average estimate of $27.1 million. The non-GAAP net loss of $42.3 million was also worse than the estimate of $15.4 million for the three months ending in September.

"The majority of these fourth quarter losses were primarily due to impairment of goodwill and bitcoin balances, as well as non-cash charges due to modification of equity instruments," said CFO Gary A. Vecchiarelli in a statement. "Even then, our adjusted EBITDA was $65.7M , a 500% increase over the prior year, which represents the power and scale of our business model.

Adjusted Ebitda for the quarter of $2.9 million compared to the $4.3 million average analyst estimate compiled by FactSet.