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Bitcoin Miner CleanSpark Posts Record $378.3M Q2 Loss, Including $224.1M Bitcoin Setback

GateNews

2026-05-12 03:39:14

BTC-1.4%

CleanSpark reported on Monday that its Q2 2026 net loss surged to $378.3 million, up 173% year-on-year from $138.8 million in the same quarter last year, according to its earnings statement. The loss included $224.1 million in impairment charges tied to its bitcoin holdings, which were valued at $925.2 million at quarter-end. Bitcoin mining revenue declined 25% to $136.4 million compared to $181.7 million a year prior. The company’s fiscal second quarter ended March 31, 2026.

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