BBX Logo Beta

--

[CleanSpark Q1 Revenue Declines, Net Loss Expands to $378 Million] According to CleanSpark's fiscal year 2026 Q1 earnings report, revenue for the quarter was $136 million, a year-over-year decrease of 24.9%; net loss was $378 million, compared to a net loss of $139 million in the same period last year; adjusted EBITDA was negative $241 million. The company's contracted power capacity doubled year-over-year, including 585 MW of capacity approved by ERCOT; Bitcoin holdings increased by 14% year-over-year, and average monthly hash rate grew by 18% year-over-year. As of March 31, 2026, CleanSpark held $260 million in cash, $925 million in Bitcoin assets, and total assets of $2.9 billion.

Loading...