CleanSpark sinks pre-market as Q2 loss more than doubles
The post CleanSpark sinks pre-market as Q2 loss more than doubles appeared on BitcoinEthereumNews.com. CleanSpark reported a net loss of $378.3 million for its fiscal second quarter ended March 31, 2026. The loss more than doubled from $138.8 million in the same quarter last year. Summary CleanSpark posted a $378.3 million fiscal Q2 loss as Bitcoin fair value losses weighed heavily. Revenue fell to $136.4 million, down from $181.7 million in the same quarter last year. The miner is expanding AI and HPC assets while still growing hashrate and Bitcoin holdings. Revenue fell 24.9% year over year to $136.4 million, compared with $181.7 million a year earlier. The company also reported a loss of $1.52 per basic share, wider than the $0.49 per-share loss in the prior-year quarter. CleanSpark said the quarter included a $224.1 million loss tied to the fair value of its Bitcoin holdings. That represented nearly 60% of its total quarterly loss and followed weaker Bitcoin prices during the repor