TechFlow News, May 12: CleanSpark released its first-quarter fiscal year 2026 financial results. Revenue for the quarter totaled $136.4 million, a 24.9% decline year-on-year; net loss amounted to $378.3 million, compared to a net loss of $138.8 million in the same period last year; adjusted EBITDA was negative $241.2 million. Meanwhile, the company stated that its contracted power capacity doubled year-on-year, including 585 MW of capacity approved by ERCOT; its Bitcoin holdings increased by 14% year-on-year, and its average monthly hash rate rose by 18% year-on-year. As of March 31, 2026, CleanSpark held $260.3 million in cash, $925.2 million in Bitcoin assets, and total assets of $2.9 billion.
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