CleanSpark reports $181 million Q1 revenue, secures 890 MW power capacity

CleanSpark Inc. (NASDAQ: CLSK) reported quarterly revenue of $181.2 million for the three months ended December 31, 2025, representing an 11.6% increase from $162.3 million in the same period last year, according to the company's earnings statement.

The bitcoin mining company posted a net loss of $378.7 million, or $1.35 per share, compared to net income of $246.8 million, or $0.85 per share, in the prior year quarter. The company's adjusted EBITDA decreased to negative $295.4 million from positive $321.6 million in the same period last year.

CleanSpark secured up to 890 megawatts of new utility-grade power capacity and acquired an additional 122-acre parcel at its Sandersville site in Georgia for artificial intelligence infrastructure development. The company also expanded its power and land portfolio in the Houston region.

As of December 31, 2025, CleanSpark held $458.1 million in cash and $1.0 billion in bitcoin assets. The company's total assets reached $3.3 billion, with total liabilities of $1.9 billion and stockholders' equity of $1.4 billion. Working capital stood at $1.3 billion.

The company's bitcoin holdings valued at fair market value totaled approximately $1.0 billion as of the quarter end, split between current assets of $830.1 million and non-current assets of $171.9 million.

CleanSpark operates bitcoin mining facilities and is developing infrastructure for high-performance computing and artificial intelligence services. The company controls a portfolio of more than 1.8 gigawatts of power, land, and data centers across the United States.

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