CleanSpark posts $239.8 million Q3 net loss as revenue falls 30.5%
CleanSpark reported results for the fiscal third quarter ended June 30, 2026, with revenue of $138.0 million, down 30.5% from a year earlier, and a net loss of $239.8 million, or $0.89 per basic share, compared with net income of $257.4 million in the prior-year quarter. The filing also highlights a signed 20-year, $6.6 billion triple-net lease at Sandersville and that the anticipated equity portion of that project has been fully funded.
Key points
- Quarterly revenues were $138.0 million, down $60.6 million, or 30.5%, from $198.6 million a year earlier.
- Net loss was $239.8 million, or $0.89 per basic share, versus net income of $257.4 million, or $0.90 per basic share, in the prior-year quarter.
- Adjusted EBITDA, a non-GAAP measure, was negative $113.0 million, compared with $377.7 million in the prior-year quarter.
- CleanSpark signed a 20-year, $6.6 billion triple-net lease at Sandersville and has pre-paid all long-lead items for the project.
The filing
Written by AI on Nov 8, 2026, 6:58 AM ET, from this filing 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 August 06, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.