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.
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