BlockBeats News, May 12th. According to official sources, CleanSpark achieved a Q1 revenue of $136.4 million, a 24.9% decrease from the $181.7 million in the same period last year. The net loss was $378.3 million ($1.52 basic loss per share), compared to a net loss of $138.8 million in the same period last year. The adjusted EBITDA was -$241.2 million, compared to -$57.8 million in the same period last year.

The balance sheet shows that as of March 31, 2026, the company holds $260.3 million in cash and has a Bitcoin holding worth $925.2 million (including current Bitcoin, non-current Bitcoin, and Bitcoin held by counterparties in collateral arrangements). Total current assets amount to $1.1 billion, with total assets reaching $2.9 billion. Total long-term debt (net of discount and issuance costs) is $1.8 billion, total liabilities amount to $1.9 billion, total equity is $1 billion, and working capital is $1 billion.

CleanSpark's President and CFO, Gary Vecchiarelli, pointed out that the strong liquidity position not only supports short-term execution plans but also preserves significant flexibility for future opportunities in the AI/HPC and digital infrastructure sectors, which is a direct result of the company's long-term financial discipline.