CleanSpark Misses Wall Street Revenue Estimates, Shares Drop

cryptonews.ruPublished on 2026-08-08Last updated on 2026-08-08

Abstract

Bitcoin mining firm CleanSpark (Nasdaq: CLSK) reported Q3 FY2026 revenue of $138 million, missing Wall Street consensus estimates of $142.2 million. The figure represents a 30.5% year-over-year decline from $198 million. The company posted a net loss of $239 million ($0.89 per basic share), a stark reversal from a net profit of $257 million ($0.90 per share) in the same quarter last year. Its stock fell 5.5% on Thursday but rebounded 3% in Friday's premarket, trading above $13.10. CleanSpark is diversifying beyond Bitcoin mining, recently signing a 20-year lease with an unnamed investment-grade tech company for a 175-megawatt data center in Georgia, a deal estimated to generate $6.6 billion in contract revenue.

Bitcoin mining company CleanSpark, traded on Nasdaq, reported revenue of $138 million for the third quarter of fiscal year 2026.

The $138 million represents a 30.5% year-over-year decrease compared to $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 June 30, compared to net income of $257 million, or $0.90 per share, for the same period a year earlier.

Revenue slightly missed the analyst consensus estimate of $142.2 million, according to analyst estimates compiled by Yahoo Finance.

CleanSpark shares fell 5.5% on Thursday but recovered 3% in Friday's premarket trading, trading above $13.10, Yahoo Finance data showed.

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

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

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Related Questions

QWhat was CleanSpark's reported revenue for Q3 FY2026, and how did it compare to Wall Street estimates?

ACleanSpark reported revenue of $138 million for Q3 FY2026. This figure slightly missed the Wall Street analyst consensus estimate of $142.2 million.

QWhat were the key changes in CleanSpark's net income year-over-year for the quarter ending June 30?

AFor the quarter ending June 30, CleanSpark reported a net loss of $239 million, or $0.89 per basic share. This compares to a net profit of $257 million, or $0.90 per share, for the same period the previous year.

QHow did CleanSpark's stock price perform following the earnings release?

AFollowing the earnings release, CleanSpark's stock price fell 5.5% on Thursday. However, it recovered 3% in pre-market trading on Friday, trading above $13.10.

QWhat strategic expansion has CleanSpark undertaken beyond Bitcoin mining, and can you provide a specific example?

ACleanSpark has expanded beyond its core Bitcoin mining operations into AI infrastructure and high-performance computing. A specific example is a 20-year data center lease agreement signed on July 14 with an unnamed investment-grade global tech company for a 175-megawatt facility in Sandersville, Georgia, estimated to bring $6.6 billion in contract revenue.

QBy what percentage did CleanSpark's revenue decline year-over-year for the reported quarter?

ACleanSpark's revenue of $138 million represented a 30.5% year-over-year decline compared to the $198 million reported for the same quarter the previous year.

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