Bitcoin miner CleanSpark’s Q2 losses swell after losing $224 million on BTC holdings
The Block
CleanSpark reported a $378.3 million net loss for its fiscal second quarter of 2026, driven by a $224.1 million decline in bitcoin holdings.Summary
CleanSpark experienced a significant increase in net losses during its fiscal second quarter of 2026, reaching $378.3 million compared to $138.8 million a year prior. This 173% rise was primarily attributed to a $224.1 million loss on its bitcoin holdings. Despite these financial challenges, the company is focusing on diversifying its business model by expanding into AI and high-performance computing infrastructure, alongside its ongoing bitcoin mining operations.
(Source：The Block)