CleanSpark Inc (NASDAQ:CLSK) posted financial results for the third quarter of fiscal 2026 on Thursday after the close. Here’s what you need to know from the report.
- CleanSpark stock is among today’s spotlight stocks. What’s going on with CLSK stock?
CleanSpark Q3 Earnings Key Metrics
CleanSpark reported third-quarter revenue of $138.01 million, missing analyst estimates of $148.94 million. Revenue was down 30.5% on a year-over-year basis.
The company reported a third-quarter loss of 89 cents per share, missing estimates for a loss of 32 cents per share, according to Benzinga Pro.
CleanSpark said it had $202.6 million in cash and $814.9 million in Bitcoin (CRYPTO: BTC) as of June 30.
“We continue to successfully execute on our strategic evolution to a diversified digital infrastructure platform. Our recently announced Sandersville lease offers an ideal combination of long-term, durable cash flows and de-risked economic returns for our shareholders,” said Matt Schultz, chairman and CEO of CleanSpark.
“We remain focused on the commercialization of our existing assets and the acquisition of scalable infrastructure to further bolster our portfolio.”
CleanSpark executives will further discuss the company’s financial results on an earnings call at 4:30 p.m. ET.
CLSK Shares Slide After Earnings
CLSK Price Action: CleanSpark shares were down 0.99% in Thursday’s after-hours session, trading at $12.62 at the time of publication, according to Benzinga Pro.
Read Also: Western Digital Says AI Customers Are Already Negotiating Storage Deals Through 2031: 'Visibility Remains Very Strong'
Image: Shutterstock.com