CleanSpark Q1 Earnings Report: Revenue of $136.4 million, Net Loss Widens to $378.3 million

CleanSpark Releases First-Quarter Fiscal Year 2026 Financial Results: Revenue for the quarter totaled $136.4 million, down 24.9% year-on-year; net loss was $378.3 million, compared to a net loss of $138.8 million in the same period last year; adjusted EBITDA was negative $241.2 million. Meanwhile, the company stated that contracted power capacity doubled year-on-year, including 585 MW of ERCOT-approved capacity; Bitcoin holdings increased 14% year-on-year; and average monthly hash rate rose 18% year-on-year. As of March 31, 2026, CleanSpark held $260.3 million in cash, $925.2 million in Bitcoin assets, and total assets of $2.9 billion.