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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