CLEANSPARK, INC. 8K

CleanSpark, Inc. reported Q2 FY2026 results showing lower bitcoin mining revenue, a substantially higher net loss and negative Adjusted EBITDA, alongside increased long-term debt but strong liquidity and expanded power capacity as it advances its digital infrastructure and AI/HPC strategy.

CleanSpark, Inc. reported its second fiscal quarter 2026 results for the period ended March 31, 2026, highlighting a 24.9% year-over-year decline in quarterly bitcoin mining revenue to $136.4 million, a substantially higher net loss of $378.3 million (or $1.52 per basic share) driven largely by a $224.1 million loss on fair value of bitcoin and additional losses on bitcoin collateral, and a sharp deterioration in Adjusted EBITDA to negative $241.2 million from negative $57.8 million. Despite the increased loss, management emphasized a strong liquidity and working capital position, with $260.3 million in cash, $925.2 million in total bitcoin holdings, total current assets of $1.1 billion versus current liabilities of $133.1 million, and total stockholders’ equity of $1.0 billion, while total long-term debt increased significantly to $1.8 billion. Operationally, the company doubled megawatts under contract year-over-year (including 585 MW of ERCOT-approved capacity, with 300 MW in Brazoria), increased bitcoin holdings by 14% and average monthly hashrate by 18% year-over-year, and continued land, power, leasing, and construction initiatives to support its transition toward AI/HPC-focused digital infrastructure. The company also announced an earnings call and investor presentations at several upcoming conferences, and included detailed non-GAAP Adjusted EBITDA reconciliations and extensive forward-looking statements about its strategy to expand into high-performance computing and AI markets.

Filing Facts

CIK

827876

Ticker

-

Form

8K

Source Type

sec

Accession

0001193125-26-216866

Alert Tier

7