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CleanSpark (NASDAQ: CLSK), the third-largest Bitcoin miner in the U.S., saw its revenue grow at a compound annual growth rate (CAGR) of 85% from fiscal 2021 to fiscal 2023, reaching 6,903 Bitcoins mined in fiscal 2023, up from 892 in fiscal 2021. Its hash rate increased from 1 EH/s to 20.4 EH/s within that period. Analysts project a revenue growth CAGR of 68% from fiscal 2023 to 2026, alongside a 100% CAGR for adjusted EBITDA.
SoundHound AI (NASDAQ: SOUN), known for its audio recognition app and Houndify developer platform, reported a revenue increase of 47% in both 2022 and 2023. Analysts forecast a CAGR of 50% from 2023 to 2025 as the company expands its services, despite ongoing EBITDA losses. Following its merger with a special purpose acquisition company two years ago, SoundHound’s stock performance has lagged, but its market opportunities in AI-driven audio recognition remain promising.
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