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Feb 5, 2026 4:50 PM

CleanSpark Stock Tumbles On Q1 Earnings Despite Strong Balance Sheet

CleanSpark Inc (NASDAQ:CLSK) reported financial results for the first quarter of fiscal 2026 on Thursday after the bell. Here’s a look at the key details from the print.

CleanSpark stock is among today’s weakest performers. Why is CLSK stock dropping?

CleanSpark Falls Short Of Expectations In Q1

CleanSpark reported first-quarter revenue of $181.18 million, missing analyst estimates of $195.54 million. Revenue was up 11.6% year-over-year in the quarter.

The company reported a first-quarter loss of $1.35 per share, missing estimates for a loss of 15 cents per share, according to Benzinga Pro.

Adjusted EBITDA decreased to a loss of $295.4 million, down from positive adjusted EBITDA of $321.6 million a ...