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CleanSpark Reports Second Fiscal Quarter 2026 Results
- CleanSpark reported fiscal second-quarter revenue of $136 million on Monday, a 25% sequential decline driven primarily by a 24% drop in average Bitcoin price to approximately $76,000.
- Falling Bitcoin values combined with approximately $263 million in non-cash mark-to-market adjustments on holdings drove a net loss of approximately $378 million for the quarter.
- Chief Financial Officer Gary Vecchiarelli noted the company maintains nearly $1.2 billion in liquidity, with $925 million held in Bitcoin as of the March 31, 2026 quarter end.
- Management prioritizes leveraging 1.8 gigawatts of contracted power capacity to monetize energy baseloads through high-performance computing and artificial intelligence infrastructure development.
- Expanding infrastructure across Georgia and Texas remains central to strategy, with CleanSpark scheduled to present at the B. Riley Annual Investor Conference on May 21, 2026.
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32 Articles
Coverage Details
Total News Sources32
Leaning Left5Leaning Right3Center7Last UpdatedBias Distribution47% Center
Bias Distribution
- 47% of the sources are Center
47% Center
L 33%
C 47%
R 20%
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