CleanSpark Inc. (CLSK) reported a significant earnings miss for the second fiscal quarter of 2026, with an EPS of -$1.52 compared to the forecasted -$0.41. Revenue also fell short at $136.4 million against a forecast of $152.32 million. Following the announcement, CleanSpark's stock declined 5.14% in after-hours trading and dropped a further 2.36% in premarket activity.
The company's performance was heavily influenced by the decline in Bitcoin prices, which fell from an average of $100,000 in Q1 to $76,000. This directly impacted mining revenue. Despite challenges, CleanSpark maintained a gross margin above 40%, though down from 47% in the previous quarter. Net loss stood at $378 million.
