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Cleanspark reported a $378.3 million net loss for its second fiscal quarter ended March 31, 2026
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Cleanspark ’s (Nasdaq: CLSK ) Revenue for the quarter came in at $136.4 million, down $45.3 million, or 24.9%, from $181.7 million in the same period a year earlier.
Key facts
- On the balance sheet, Cleanspark held $260.3 million in cash and $925.2 million in bitcoin as of March 31, 2026
- Total assets stood at $2.9 billion, with long-term debt of $1.79 billion and total stockholders’ equity of $986.2 million
- Cleanspark ’s (Nasdaq: CLSK ) Revenue for the quarter came in at $136.4 million, down $45.3 million, or 24.9%, from $181.7 million in the same period a year earlier
- Cleanspark reported a $378.3 million net loss for its second fiscal quarter ended March 31, 2026, as a $224.1 million non-cash loss on bitcoin fair value weighed heavily on results even
Summary
Cleanspark reported a $378.3 million net loss for its second fiscal quarter ended March 31, 2026, as a $224.1 million non-cash loss on bitcoin fair value weighed heavily on results even as the company expanded its hashrate and power capacity. Cleanspark posted $136.4M in Q2 FY2026 revenue, a 24.9% year-over-year drop driven by Bitcoin price swings. A $224.1M non-cash Bitcoin fair value loss pushed Cleanspark’s net loss to $378.3M for the March 2026 quarter. CEO Matt Schultz targets AI/HPC commercialization as Cleanspark doubled MW under contract with 585 MW of ERCOT capacity.