CleanSpark Q3 revenue falls short, shares dip

CleanSpark reported $138 million in revenue for the third quarter of fiscal 2026, a 30.5% decline from $198 million a year earlier. The company posted a $239 million net loss, or $0.89 per basic share, for the quarter ended June 30.

Revenue missed analysts’ consensus of $142.2 million. The stock fell 5.5% on the trading day after the results and recovered about 3% in pre-market trading to trade above $13.10.

A year earlier the same quarter produced net income of $257 million, or $0.90 per share.

CleanSpark, a Nasdaq-listed Bitcoin mining company, has expanded into artificial intelligence and high-performance computing infrastructure alongside its cryptocurrency mining operations. On July 14 the company signed a 20-year data center lease with an undisclosed investment-grade global technology firm for a 175-megawatt data center at its Sandersville, Georgia, campus. CleanSpark estimated the lease would generate about $6.6 billion in contracted revenue over the initial term.

Company officials have presented large-scale data center deals as part of a strategy to diversify revenue beyond Bitcoin mining. The quarterly results reflected weaker top-line performance compared with the prior year while the company continues work on its data center buildout.

Upcoming quarterly reports and operational updates will show whether contracted data center revenue offsets declines in mining-related income.