CleanSpark's Q1 revenue reached $181 million, with a strong balance sheet, and the company is advancing the construction of a multi-gigawatt AI infrastructure platform.
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According to CoinWorld, CleanSpark has announced its financial results for the first quarter of fiscal year 2026, with revenue reaching $181.2 million, an increase of 11.6% year-on-year. However, the company reported a net loss of $378.7 million, mainly due to the decline in bitcoin valuation. The company has secured up to 890 megawatts of additional power capacity in Texas and expanded its AI-ready data center in Georgia, funded by cash flow from its bitcoin mining operations. CEO Matt Schultz stated that the company is building a multi-stream infrastructure platform centered on utility-grade power.
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