CleanSpark Reports $136.4 Million in Q2 Revenue; ERCOT Pipeline Expands to 585 MW
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Key Takeaways
- CleanSpark doubled its contracted megawatts year-over-year and now controls a total power portfolio of more than 1.8 GW.
- The company maintained $1.0 billion in working capital and a bitcoin HODL value of $925.2 million as of March 31, 2026.
CleanSpark (NASDAQ: CLSK) announced its financial results for the second fiscal quarter ended March 31, 2026, today, detailing a strategic pivot toward AI and high-performance computing (HPC) infrastructure alongside its core Bitcoin mining operations.
The company reported quarterly revenues of $136.4 million, representing a 24.9% decrease from the $181.7 million generated in the same period last year. Other key financial metrics for the quarter included:
Net Loss: Reported at $378.3 million, or ($1.52) per basic share, compared to a net loss of $138.8 million in the prior year period.
Adjusted EBITDA: Decreased to ($241.2 million) from ($57.8 million) a year ago.
