CleanSpark: Quarterly revenue of $138 million falls short of Wall Street's expectations, stock price drops 5.5%
2026-08-07 17:40:36
According to CoinMeta, the stock price of CleanSpark fell by 5.5% on Thursday due to the company's quarterly revenue of $138 million, which fell short of the consensus forecast of $142.2 million by Wall Street analysts. Compared to $198 million in the same period last year, revenue decreased by 30.5%. In addition, CleanSpark reported a net loss of $239 million, or $0.89 per share, whereas in the same period last year there was a net income of $257 million, or a profit of $0.90 per share. Despite the decline in stock price, CleanSpark rebounded by 3% in pre-market trading on Friday, with trading prices exceeding $13.10. The company is also expanding its core Bitcoin mining business into the fields of artificial intelligence and high-performance computing infrastructure.
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Source:Cointelegraph
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