CleanSpark Inc. Reports Substantial Net Loss in Q2 Results

CleanSpark Inc., a leading cryptocurrency mining firm, has reported a substantial net loss of $378.3 million for its fiscal second quarter ending March 31, 2026.

The company's financial performance was heavily impacted by the decline in Bitcoin prices, with a $224.1 million loss tied to the fair value of its Bitcoin holdings accounting for approximately 60% of the total quarterly figure.

CleanSpark held $925.2 million worth of BTC at quarter-end and reported revenue of $136.4 million, down from $181.7 million in the same period a year earlier.

Despite the significant loss, CleanSpark has continued to expand its operations, growing its Bitcoin holdings by 14% during the quarter and increasing its average monthly hash rate by 18% year-over-year.

The company is also advancing its parallel push into artificial intelligence and high-performance computing infrastructure, with a focus on commercializing its AI/HPC-applicable assets and growing its portfolio.