Key facts
- CleanSpark reported $138 million in revenue for the third quarter of fiscal 2026.
- This represents a 30.5% year-over-year decrease from $198 million.
- The company posted a net loss of $239 million, or $0.89 per share.
- Revenue narrowly missed analysts' consensus estimate of $142.2 million.
- CleanSpark's shares fell 5.5% on Thursday.
CleanSpark, a Nasdaq-listed Bitcoin mining company, reported $138 million in revenue for the third quarter of fiscal 2026, a 30.5% decrease from $198 million in the same period last year. The company also posted a net loss of $239 million, or $0.89 per basic share, compared to a net income of $257 million, or $0.90 per share, in the prior year. The quarterly revenue narrowly missed Wall Street's consensus estimate of $142.2 million. In response to the results, CleanSpark's shares fell 5.5% on Thursday, though they saw a 3% pre-market recovery on Friday. Beyond its core mining operations, CleanSpark is expanding into AI and high-performance computing infrastructure, recently signing a 20-year lease for a 175-megawatt data center estimated to generate $6.6 billion in contracted revenue.