CLEANSPARK, INC. (CLSK) Form 10-Q — Aug 6, 2026

$CLSKForm 10-QFiled Aug 6, 2026, 5:00 PM ET0001193125-26-338382Original filing

CleanSpark reported a fiscal Q3 2026 net loss of $239.8 million (-$0.89 per share), a sharp reversal from $257.4 million in net income a year earlier, as bitcoin mining revenue fell 30.5% year-over-year to $138.0 million. The nine-month net loss reached $996.9 million versus prior-year net income of $365.4 million, driven primarily by a $587.2 million loss on the fair value of bitcoin, while operations consumed $409.3 million in cash largely offset by $471.3 million of bitcoin sale and option-settlement proceeds.

Key figures

Eps: -$0.89 basic and diluted for fiscal Q3 2026; -$3.77 for nine months (vs +$0.90/+$0.78 and +$1.26/+$1.13 prior year)
Revenue: $455.6 million bitcoin mining revenue, net (nine months ended June 30, 2026); $138.0 million in fiscal Q3
Net Income: -$239.8 million fiscal Q3 2026 net loss (vs +$257.4M prior year); -$996.9 million nine-month net loss (vs +$365.4M)
Total Debt: $1.78 billion net of discounts and issuance costs at June 30, 2026 (vs $821.2 million at September 30, 2025)
Revenue Yoy: -16.0% for nine months (vs $542.7M); -30.5% for Q3 (vs $198.6M)
Total Assets: $2.70 billion at June 30, 2026 (vs $3.18 billion at September 30, 2025)
Cash Position: $202.6 million cash and cash equivalents at June 30, 2026 (vs $43.0 million at September 30, 2025)
Shares Outstanding: 256817073
Ai hpc revenue: $0 as of June 30, 2026
Stockholders equity: $761.3 million, down 65% from $2.18 billion at Sept 30, 2025
Warrants outstanding: 22,821,286 warrants exercisable for 1,604,559 shares at $156.30 weighted average exercise price
Revenue concentration: Foundry Digital mining pool = 100% of revenue
Convertible notes 2030: $650 million 0% senior notes due Jun 15, 2030; conversion price ~$14.80
Convertible notes 2032: $1.15 billion 0% senior notes due Feb 15, 2032; conversion price ~$19.16
Contracted power capacity: approximately 1,817 MW as of June 30, 2026
Bitcoin holdings fair value: $714.3 million ($592.1M current + $122.2M noncurrent) vs $1.19 billion at Sept 30, 2025
Impairment expense nine months: $5.4 million
Accrued indirect tax contingencies: $67.5 million
Dam derivative net gain nine months: $13.2 million
Share repurchase 2032 notes related: 30,605,456 shares for approximately $460 million
Anti dilutive convertible note shares: 103,941,450 shares
Loss on fair value of bitcoin nine months: $587.2 million
Net cash used in operating activities nine months: $409.3 million
Proceeds from bitcoin sales and option settlement nine months: $471.3 million

Price after filing

1 day: -4.7%7 days: -14.0%30 days: -10.4%

Close on the filing date to close N calendar days later (from $14.17). Historical, not a forecast.

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