CleanSpark Q1 FY2026 revenue $181.2M (+11.6% YoY) but net loss $378.7M vs profit last year; secures 890 MW power

CLEANSPARK, INC.

Quarterly revenue $181.2M, up 11.6% YoY; net loss ($378.7M) or ($1.35)/share vs net income $246.8M ($0.85) in prior year.
Adjusted EBITDA decreased to ($295.4M) from $321.6M in same period last year.
Cash $458.1M, Bitcoin $1.0B, total assets $3.3B, stockholders' equity $1.4B; working capital $1.3B.
Secured up to 890 MW utility-grade power capacity in Houston region and acquired 122 acres for Sandersville AI site.
CEO says cash flows from bitcoin mining redeployed into long-duration AI infrastructure to diversify earnings.

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