Bitcoin miner CleanSpark reports a 24.9% year-over-year revenue decline and wider net loss for fiscal Q2 2026.
CleanSpark posted fiscal second-quarter revenue of $136.4 million, down 24.9% from $181.7 million a year earlier, missing consensus estimates. The company’s net loss widened to $378.3 million, or $1.52 per share, from $138.8 million, or $0.49 per share, in the prior-year period.
Adjusted EBITDA fell to negative $241.2 million from negative $57.8 million. The company ended the quarter with $260.3 million in cash and $925.2 million in bitcoin holdings, while total assets stood at $2.9 billion against $1.8 billion in long-term debt.
Shares dropped over 5% in after-hours trading following the results. CleanSpark highlighted a 14% increase in bitcoin holdings and an 18% rise in average monthly hashrate year over year.