Business
CleanSpark Delivers $181 Million in Q1 Revenue, Strengthens Balance Sheet, and Advances Multi-Gigawatt AI Infrastructure Platform
Secures up to 890 MW of New Utility-Grade Power Capacity and Expands AI-Ready Site Portfolio Across Texas and GeorgiaLAS VEGAS, Feb. 5, 2026 /PRNewswire/ --
About this update from Cleanspark, Inc.
[{"type":"text","content":"Secures up to 890 MW of New Utility-Grade Power Capacity and Expands AI-Ready Site Portfolio Across Texas and GeorgiaLAS VEGAS, Feb. 5, 2026 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK) (\"CleanSpark\" or the \"Company\"), today reported financial results for the quarter ended December 31, 2025.\n \n \n \n \n \n \n \n\"CleanSpark exited the quarter with one of the strongest balance sheets in our sector and a power and land portfolio that is increasingly scarce,\" said Matt Schultz, CleanSpark's CEO and Chairman. \"We strengthened our financial foundation, secured up to 890 megawatts of high-quality utility potential capacity in the Houston region, and materially advanced our Sandersville site with the acquisition of an additional 122-acre parcel as we progress toward AI tenancy. Importantly, this expansion is being funded from a position of strength. Our scaled bitcoin mining operations continue to generate durable cash flows, and those cash flows are now being redeployed into long-duration infrastructure opportunities that we believe can drive significant shareholder value over time.\"\"CleanSpark is no longer a single-track business,\" said Gary Vecchiarelli, President and CFO. \"We are building an infrastructure platform with multiple, independently valuable earnings streams, all anchored by scarce, utility-grade power. Bitcoin mining generates the cash flow, AI infrastructure monetizes the assets over the long term, and our Digital Asset Management function optimizes capital and liquidity across cycles. This approach gives us flexibility and provides the framework to allocate capital where returns are most attractive, a combination we believe is increasingly rare in today's market.\"Financial Highlights: First Quarter Fiscal Year 2026Financial Results for the Three Months Ended December 31, 2025Quarterly revenues were $181.2 million, an increase of $18.9 million, or 11.6%, from $162.3 million for the same prior fiscal quarter.Net loss for the three months ended December 31, 2025, was ($378.7 million) or ($1.35) per basic share, compared to net income of $246.8 million or $0.85 per basic share, for the same prior year period.Adjusted EBITDA(1) decreased to ($295.4) million from $321.6 million from the same period a year ago.Balance Sheet Highlights as of December 31, 2025AssetsCash: $458.1 millionBitcoin: $1.0 billion Tota...