Bitcoin Miner CleanSpark Posts Record $378.3M Q2 Loss, Including $224.1M Bitcoin Setback

BTC-0.39%
CleanSpark reported on Monday that its Q2 2026 net loss surged to $378.3 million, up 173% year-on-year from $138.8 million in the same quarter last year, according to its earnings statement. The loss included $224.1 million in impairment charges tied to its bitcoin holdings, which were valued at $925.2 million at quarter-end. Bitcoin mining revenue declined 25% to $136.4 million compared to $181.7 million a year prior. The company's fiscal second quarter ended March 31, 2026.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments