CleanSpark reported a revenue of $181.2 million for Q1 fiscal year 2026, an 11.6% increase from the prior year, and a net loss of $378.7 million. The company significantly strengthened its balance sheet with $1.5 billion in total current assets, including $458.1 million in cash and $1.0 billion in bitcoin, and secured up to 890 megawatts of new utility-grade power capacity.
CleanSpark's Q1 fiscal year 2026 revenue increased by 11.6% to $181.2 million compared to the same period last year.
The company reported a net loss of $378.7 million, or ($1.35) per basic share, for the quarter.
Adjusted EBITDA decreased to ($295.4) million from $321.6 million in the prior year period.
Total current assets reached $1.5 billion, with cash at $458.1 million and bitcoin holdings valued at $1.0 billion.
CleanSpark is strategically expanding its infrastructure platform to include high-performance computing (HPC) and artificial intelligence (AI) solutions, leveraging its utility-grade power assets and strong cash flows from bitcoin mining to drive long-term shareholder value.
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