CleanSpark Q1 revenue rises 11.6% to $181.2 million; net loss widens to $378.7 million
CleanSpark reported results for the quarter ended December 31, 2025, with revenue of $181.2 million, up $18.9 million or 11.6% from a year earlier. The company posted a net loss of $378.7 million, or $1.35 per basic share, compared with net income of $246.8 million, or $0.85 per basic share, in the prior-year period. For shareholders, higher revenue was offset by a sharp swing to a loss, which the filing ties in part to a $246.8 million loss on the fair value of bitcoin.
Key points
- Revenue: $181.2 million, up 11.6% from $162.3 million
- Net loss: $378.7 million, or $1.35 per basic share, versus net income of $246.8 million, or $0.85 per share, a year earlier
- Adjusted EBITDA (non-GAAP): ($295.4) million, versus $321.6 million a year earlier
- Cash of $458.1 million and total long-term debt, net, of $1.8 billion as of December 31, 2025
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 6:57 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 05, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.