CleanSpark Reports Substantial Q2 Loss and Significant Debt Increase
CLSK sits 67% above its 52-week low of $8.
Summary
CleanSpark announced a net loss of $378.3 million for its second fiscal quarter, with revenues down 24.9% and long-term debt increasing to $1.8 billion.
Key Events · Earnings and Guidance · CLSK
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Significant Net Loss
Reported a net loss of $378.3 million, or $1.52 per basic share, for Q2 FY26, a substantial increase from $138.8 million loss in the prior year period.
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Revenue Decline
Quarterly revenues decreased by 24.9% year-over-year to $136.4 million.
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Worsening Adjusted EBITDA
Adjusted EBITDA declined significantly to a loss of $241.2 million from a loss of $57.8 million in the same period last year.
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Substantial Debt Increase
Long-term debt surged to $1.8 billion as of March 31, 2026, up from $644.6 million on September 30, 2025, indicating significant financing activities.
Analysis · CLSK · Crypto Assets
CleanSpark reported a net loss of $378.3 million for Q2 FY26, alongside a 24.9% decline in revenues and a worsening Adjusted EBITDA. The company also saw a substantial increase in long-term debt to $1.8 billion, up from $644.6 million just six months prior, significantly impacting its balance sheet and shareholder equity.
How filings like this one have moved
In the 30 days to Sep 14, 2026, 35.8% of the 1045 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.43%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, CLSK was trading at $13.34 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $3.7B. The 52-week trading range was $8.00 to $23.61. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.