CLEANSPARK, INC. reported results for the third quarter ended June 30, 2026, with revenue of $138M and a net loss attributable to common shareholders of $(239.8M), or $(0.89) diluted EPS, versus revenue of $198.6M, net income of $251.8M and diluted EPS of $0.78 in the year‑ago quarter.
Financial Highlights
- Revenue was $138.0M for Q3 2026, down from $198.6M in the year‑ago quarter ( (30.5%) ).
- Net income (loss) attributable to common shareholders was $(239.8M) for Q3 2026, versus net income of $251.8M in the year‑ago quarter.
- Diluted EPS was $(0.89) for Q3 2026, versus $0.78 in the year‑ago quarter.
Business Highlights
- Pivot toward AI and high-performance computing hosting: signed a 20‑year, 175MW triple‑net lease at Sandersville to repurpose mining capacity for data center leasing.
- Revenue mix shifting away from bitcoin mining as BTC prices and mined volumes declined year over year; company is transitioning toward data center lease revenue.
- Operational footprint includes roughly 1,817 MW across Georgia, Tennessee, Mississippi and Wyoming, with recent land and power acquisitions in Texas, Tennessee and South Dakota to expand campus capacity.
- Mining fleet: about 225k operable miners (average age ~23 months); June 2026 operating hashrate ~42.6 EH/s (~4.36% of global) with active curtailment management to optimize operations.
- Treasury and liquidity actions: implemented DAM Spot+ derivatives to monetize bitcoin holdings and generate premium cash to support operations and capital expenditures.
Original SEC Filing:
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