---
title: "CLEANSPARK INC C/WTS 29/12/2028 (TO PUR COM) | 8-K: FY2026 Q2 Revenue: USD 136.41 B"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285992489.md"
datetime: "2026-05-11T20:31:13.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285992489.md)
  - [en](https://longbridge.com/en/news/285992489.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285992489.md)
---

# CLEANSPARK INC C/WTS 29/12/2028 (TO PUR COM) | 8-K: FY2026 Q2 Revenue: USD 136.41 B

Revenue: As of FY2026 Q2, the actual value is USD 136.41 B.

EPS: As of FY2026 Q2, the actual value is USD -1.52.

EBIT: As of FY2026 Q2, the actual value is USD -346.7 B.

CleanSpark, Inc. reported financial results for the second fiscal quarter ended March 31, 2026, which were released on May 11, 2026.

### Segment Revenue

-   **Bitcoin Mining Revenue, Net:** Quarterly revenues were $136.4 million for the three months ended March 31, 2026, marking a decrease of $45.3 million, or 24.9%, from $181.7 million for the same prior fiscal quarter.

### Operational Metrics

-   **Net Loss:** The net loss for the three months ended March 31, 2026, was - $378.3 million, compared to a net loss of - $138.8 million for the same prior year period.
-   **Adjusted EBITDA:** Adjusted EBITDA decreased to - $241.2 million from - $57.8 million in the same period a year ago.
-   **Loss from Operations:** The company reported a loss from operations of - $345.7 million for the three months ended March 31, 2026, compared to a loss of - $138.0 million for the prior year period.

#### Operating Costs and Expenses (for the three months ended March 31, 2026)

-   **Cost of revenues (exclusive of depreciation and amortization):** $81.7 million, compared to $85.4 million in the prior year.
-   **Professional fees:** $9.7 million, compared to $3.0 million in the prior year.
-   **Payroll expenses:** $24.9 million, compared to $15.3 million in the prior year.
-   **General and administrative expenses:** $16.1 million, compared to $11.7 million in the prior year.
-   **Loss on disposal of assets:** $4.0 million, compared to a gain of - $2.2 million in the prior year.
-   **Loss on fair value of bitcoin, net:** $224.1 million, compared to $127.7 million in the prior year.
-   **Depreciation and amortization:** $115.9 million, compared to $78.9 million in the prior year.
-   **Indirect tax contingency expenses:** $1.7 million, compared to $0 in the prior year.
-   **Impairment expense - other:** $4.0 million, compared to $0 in the prior year.
-   **Total costs and expenses:** $482.1 million, compared to $319.7 million in the prior year.

### Balance Sheet Highlights (as of March 31, 2026)

-   **Cash and Cash Equivalents:** $260.3 million.
-   **Bitcoin Holdings:** $925.2 million, comprising current bitcoin, non-current bitcoin, and bitcoin held by counterparties related to collateral arrangements.
-   **Total Current Assets:** $1.1 billion.
-   **Total Assets:** $2.9 billion.
-   **Current Liabilities:** $133.1 million.
-   **Total Long-Term Debt, Net of Debt Discount and Issuance Costs:** $1.8 billion.
-   **Total Liabilities:** $1.9 billion.
-   **Total Stockholders’ Equity:** $1.0 billion.
-   **Working Capital:** $1.0 billion.

### Unique Metrics

-   **MW under contract:** Doubled year-over-year, including 585 MW of ERCOT-approved capacity.
-   **Bitcoin holdings:** Increased by 14% year-over-year.
-   **Average monthly hashrate:** Increased by 18% year-over-year.

### Outlook / Guidance

CleanSpark aims to commercialize its AI/HPC-applicable assets, grow its portfolio, and continue mining efficiently to power its transformation. The company maintains a strong liquidity position to support its near-term execution pipeline and preserve optionality for the evolving AI/HPC and digital infrastructure landscape. CleanSpark believes it is well-positioned to dynamically allocate capital, capitalize on emerging infrastructure opportunities, and create long-term shareholder value.

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- [CLSKW.US](https://longbridge.com/en/quote/CLSKW.US.md)

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