CleanSpark released its first-quarter fiscal year 2026 earnings report: revenue for the quarter was $136.4 million, a 24.9% year-over-year decline; net loss was $378.3 million, compared to a net loss of $138.8 million in the same period last year; adjusted EBITDA was -$241.2 million. Meanwhile, the company reported that contracted power capacity doubled year-over-year, including 585 MW of capacity approved by ERCOT; Bitcoin holdings increased 14% year-over-year, and average monthly hash rate rose 18% year-over-year. As of March 31, 2026, CleanSpark held $260.3 million in cash, $925.2 million in Bitcoin assets, and total assets of $2.9 billion.
CleanSpark Q1 2026 Revenue Falls 24.9% to $136.4M Amid $378.3M Net Loss
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Summary
CleanSpark's Q1 2026 revenue declined 24.9% to $136.4M, with a net loss of $378.3M, compared to a loss of $138.8M a year ago. Adjusted EBITDA was -$241.2M. Power capacity doubled, including 585 MW in ERCOT. Bitcoin holdings increased by 14%, and hash rate rose by 18%. Altcoins to watch may gain momentum as the Fear & Greed Index signals market uncertainty.
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