CoinTelegraph
CleanSpark stock plunges 5.5% as revenue misses Wall Street expectations
August 7, 2026•06:25 AM
CleanSpark, the Nasdaq-listed Bitcoin mining company, reported $138 million in quarterly revenue for Q3 fiscal 2026, narrowly missing Wall Street's consensus estimates and causing a 5.5% drop in the company's stock price. The miner posted a net loss of $239 million, or $0.89 per basic share, for the three months ended June 30, marking a significant reversal from the $257 million in net income, or $0.90 per share, recorded in the same period last year. The 30.5% year-over-year revenue decline, from $198 million to $138 million, highlights the challenges facing the Bitcoin mining industry in a volatile market environment. Despite the disappointing results, CleanSpark remains one of the key players in the sector, with its Nasdaq listing serving as a barometer for the overall performance of cryptocurrency companies.
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