CleanSpark misses Wall Street revenue estimates as shares sink

cointelegraphPublished on 2026-08-07Last updated on 2026-08-07

Abstract

Bitcoin mining company CleanSpark reported third-quarter fiscal 2026 revenue of $138 million, a 30.5% year-over-year decrease. This narrowly missed the Wall Street consensus estimate of $142.2 million. The company posted a net loss of $239 million, compared to a net income of $257 million in the same quarter last year. Following the earnings release, its shares fell 5.5% on Thursday but saw a 3% pre-market recovery on Friday. CleanSpark, which is diversifying into AI and high-performance computing, recently signed a 20-year data center lease deal estimated to generate $6.6 billion in revenue over its initial term.

Nasdaq-listed Bitcoin mining company CleanSpark reported $138 million in revenue for the third quarter of fiscal 2026.

The $138 million represented a 30.5% year-over-year decrease from $198 million, according to its quarterly results published on Thursday.

CleanSpark also reported a net loss of $239 million, or $0.89 per basic share, for the three months ended on June 30, compared with $257 million in net income, or $0.90 per share, for the same period last year.

The revenue narrowly missed analysts’ consensus estimate of $142.2 million, according to analyst estimates compiled by Yahoo Finance.

CleanSpark’s shares fell 5.5% on Thursday, but staged a 3% pre-market recovery on Friday to trade above $13.10, Yahoo Finance data showed.

CleanSpark is among the companies that have expanded beyond their core Bitcoin (BTC) mining operations into AI and high-performance computing infrastructure.

On July 14, CleanSpark signed a 20-year data center lease with an undisclosed investment-grade global technology company for a 175-megawatt data center at its Sandersville, Georgia, campus. The company estimated the deal would generate $6.6 billion in contracted revenue over the initial term.

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Related Questions

QWhat was CleanSpark's reported revenue for the third quarter of fiscal 2026, and how did it compare to Wall Street expectations?

ACleanSpark reported revenue of $138 million for the third quarter of fiscal 2026. This narrowly missed the Wall Street analysts' consensus estimate of $142.2 million compiled by Yahoo Finance.

QHow did CleanSpark's revenue and net income change year-over-year for the quarter?

ACleanSpark's revenue of $138 million represented a 30.5% year-over-year decrease from $198 million. The company reported a net loss of $239 million for the quarter, compared with a net income of $257 million for the same period last year.

QHow did CleanSpark's stock price react to the earnings report?

ACleanSpark's shares fell 5.5% on Thursday following the earnings report. However, the stock staged a 3% pre-market recovery on Friday to trade above $13.10.

QBeyond Bitcoin mining, what other business areas has CleanSpark expanded into according to the article?

AAccording to the article, CleanSpark has expanded beyond its core Bitcoin mining operations into AI and high-performance computing infrastructure.

QWhat significant long-term deal did CleanSpark announce recently, and what is its estimated value?

AOn July 14, CleanSpark signed a 20-year data center lease with an undisclosed global technology company for a 175-megawatt data center in Georgia. The company estimated this deal would generate $6.6 billion in contracted revenue over the initial term.

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