CleanSpark reported third-quarter fiscal year 2026 revenue of $138 million, a 30.5% year-over-year decline, and a net loss of $2.398 billion, compared to a net profit of $2.574 billion in the same period last year. Adjusted EBITDA was -$113 million, compared to $377.7 million in the prior-year period. CleanSpark holds Bitcoin valued at $814.9 million, with total assets of $2.7 billion, current assets of $920.8 million, and total debt of $1.8 billion. CleanSpark has signed a 20-year, $6.6 billion triple-net lease agreement for the Sandersville project, having fully prepaid the equity portion and ordered long-lead equipment. CleanSpark controls an asset portfolio of over 1.8 GW of power, land, and data center infrastructure, and is transitioning from a Bitcoin mining company to a diversified digital infrastructure platform.
CleanSpark Q3 2026 Revenue Falls 30.5% to $138M Amid $239.8M Net Loss
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Summary
The CleanSpark project announcement revealed that Q3 2026 revenue declined 30.5% to $138 million, with a net loss of $239.8 million compared to a net profit of $257.4 million in the same period last year. Adjusted EBITDA turned negative at $113 million, down from $377.7 million. The company holds $814.9 million in Bitcoin and $2.7 billion in total assets. CleanSpark secured $6.6 billion in project funding for the Sandersville initiative, including equity financing and equipment orders. The company now controls over 1.8 GW of power and is transitioning from Bitcoin mining to a digital infrastructure platform.
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