Key Takeaways:
Cleanspark posted $136.4M in Q2 FY2026 revenue, a 24.9% year-over-year drop driven by Bitcoin price swings.A $224.1M non-cash Bitcoin fair value loss pushed Cleanspark’s net loss to $378.3M for the March 2026 quarter.CEO Matt Schultz targets AI/HPC commercialization as Cleanspark doubled MW under contract with 585 MW of ERCOT capacity.The net loss was $1.52 per basic share compared to a loss of $0.49 per share in the prior year quarter. Cost of revenues totaled $81.7 million, while depreciation and amortization reached $115.9 million, a figure that climbed with the firm’s ongoing fleet expansion.
CEO and Chairman Matt Schultz pointed to four areas of forward progress.
“This quarter, we accelerated our digital infrastructure evolution across four key areas: land and power development, with ERCOT approval of 300 MW in Brazoria; leasing, with further progress in Georgia and beyond; financing, as market conditions remain constructive; and construction, as we continue developing the new parcel in Sandersville,” he said.
Schultz added:
“Our objectives are clear: commercialize our AI/HPC-applicable assets, grow the portfolio, and continue mining efficiently.”
The company also flagged uncertainty around tariff liability on miners purchased since 2024.
