CleanSpark CLSK reported a first-quarter fiscal 2026 loss of 10 cents per share, wider than the Zacks Consensus Estimate of an 8-cent loss.
The company reported a loss from continuing operations of $1.35 per share. This compares unfavorably with earnings of 83 cents per share reported in the year-ago quarter.
CleanSpark’s revenues increased 11.6% year over year to $181.2 million but missed the consensus estimate by 2.12%.
CleanSpark is strategically transitioning from a pure-play bitcoin miner into a broader energy, compute and infrastructure platform, positioning itself to capture emerging opportunities in high-performance computing (HPC) and AI data centers.
Cleanspark, Inc. Price, Consensus and EPS Surprise
Cleanspark, Inc. price-consensus-eps-surprise-chart | Cleanspark, Inc. Quote
For 2026, management is prioritizing expansion of its power and land portfolio, monetization of available megawatt capacity and accelerated development of AI-focused data center infrastructure. The company’s multi-year roadmap outlines a phased execution plan — targeting construction milestones and tenant visibility in 2026, scaling operations and diversifying tenants in 2027, and building multi-campus, giga-scale project capabilities by 2028 — underscoring a disciplined approach to long-term platform growth.
CleanSpark’s Q1 Operating Details
CleanSpark’s first-quarter fiscal 2026 gross profit decreased 7% year over year to $85.6 million. The gross margin contracted 940 basis points to 47.2%.
First-quarter fiscal 2026 results reflected a sharp deterioration in profitability. The company reported an operating loss of $316.6 million compared with an operating income of $210 million in the year-ago quarter.
CLSK reported an Adjusted EBITDA loss of $295.4 million compared with positive Adjusted EBITDA of $321.6 million in the year-ago period.
The company reported a net loss of $378.7 million, primarily reflecting fair value adjustments tied to bitcoin.
CleanSpark’s Balance Sheet Details
As of Dec. 31, 2025, CleanSpark had cash and cash equivalents of $458 million compared with $43 million as of Sept. 30, 2025.
As of Dec. 31, 2025, CLSK’s total long-term debt, net of debt discount & issuance costs, was $1.79 billion.
The company ended the quarter holding 13,099 Bitcoin, representing an approximate market value of $1.15 billion, alongside $400 million of available liquidity under its line of credit. During the quarter, bitcoin sales averaged $97,225 per BTC, while premium structures lifted the effective realized price to $104,878.
CLSK’s Zacks Rank & Stocks to Consider
Currently, CleanSpark carries a Zacks Rank #3 (Hold).
Credicorp BAP, Equinix EQIX and Getty Realty GTY are some better-ranked stocks in the broader Zacks Finance sector. Each of the three stocks currently has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Credicorp shares have surged 87.4% over the past year. BAP is set to report its fourth-quarter 2025 results on Feb. 12, 2026.
Equinix shares have declined 13.5% over the past year. EQIX is set to report its fourth-quarter 2025 results on Feb. 11, 2026.
Getty Realty shares have returned 0.3% over the past year. GTY is set to report its fourth-quarter 2025 results on Feb. 12, 2026.
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This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
