On August 6, 2026, Nasdaq-listed Bitcoin mining company CleanSpark reported third-quarter fiscal 2026 revenue of 138 million dollars for the period ended June 30.
Total quarterly revenue experienced a year-over-year decline of 30.5% compared to the 198.6 million dollars recorded in the third quarter of fiscal 2025. The reported top-line figure missed Wall Street consensus estimates compiled prior to the release, which had anticipated quarterly revenue reaching 142.2 million dollars.
CleanSpark posted a GAAP net loss of 239.8 million dollars, representing 0.89 dollars per basic share, for the three-month period ended June 30, 2026. During the same three-month period in fiscal year 2025, the company had generated net income of 257.4 million dollars, or 0.90 dollars per basic share.
Sequential comparison showed a narrowing GAAP net loss relative to the 378.3 million dollar net loss reported in the second quarter of fiscal 2026. Financial performance during the period was impacted by a 133 million dollar non-cash valuation charge associated with mark-to-market accounting on corporate Bitcoin holdings.
Non-GAAP adjusted EBITDA for the quarter registered a loss of 113.0 million dollars, down from positive 377.7 million dollars in the prior-year period. Shares of CleanSpark declined 5.5% during regular market trading on Thursday, August 6, 2026, immediately following the public earnings statement.
The equity staged a 3% pre-market recovery on Friday, August 7, 2026, climbing back above 13.10 dollars per share in early trading.
Capital allocation and high-performance computing expansion
CleanSpark’s balance sheet as of June 30, 2026, reflected 202.6 million dollars in cash alongside total assets valued at 2.702 billion dollars. Corporate treasury reserves included 814.9 million dollars in Bitcoin assets across liquid balances and counterparty collateral arrangements at the close of the quarter.
Total current assets stood at 920.8 million dollars against current liabilities of 155.8 million dollars, providing total working capital of 761 million dollars. Long-term debt obligations totaled 1.8 billion dollars within a total liabilities footprint of 1.941 billion dollars as of June 30, 2026.
The company currently controls a portfolio of over 1.8 gigawatts of grid-connected power capacity, land, and operational data center facilities across the United States. Executive management has initiated a strategic transition to monetize existing power infrastructure beyond traditional Bitcoin mining operations.
This diversification strategy focuses on securing long-term contracted cash flows through AI power capacity expansion initiatives in key regional markets.
On July 14, 2026, CleanSpark executed a 20-year triple-net lease agreement for a 175-megawatt data center campus in Sandersville, Georgia. The contract with an investment-grade global technology tenant is estimated to yield a 6.6 billion dollar lease revenue value over the initial 20-year term.
Management confirmed that all long-lead equipment items for Sandersville have been ordered and pre-paid, fully funding the required project equity commitment. Construction timelines indicate that the first data hall at the Sandersville campus is scheduled to achieve ready-for-service status during the fourth quarter of 2027.
Development plans in Texas include the Sealy facility in Austin County, designed to deliver 285 megawatts sequentially through 2029. The Brazoria County site in Texas represents an additional prospective development capable of supplying up to 600 megawatts across two construction phases.
This article is for informational purposes only and does not constitute financial advice.
