What to know:
- CleanSpark (CLSK) stock fell over 9.4% in pre-market trading on Tuesday after the U.S. bitcoin (BTC) mining company reported a widening net loss of $378.3 million for its second fiscal quarter.
- Quarterly revenue dropped 25 percent year-over-year to $136.4 million even as the company doubled its megawatts under contract and began shifting its infrastructure toward AI and high-performance computing uses.
- Despite industry-wide pressure from bitcoin mining costs that exceed the current bitcoin price, CleanSpark highlighted a stronger balance sheet, with bitcoin holdings up 14 percent to $925.2 million, total assets of $2.9 billion and long-term debt of $1.8 billion.
💡 A Greener Way to Earn: Looking for a smarter, more sustainable way to earn and mining crypto? EcoPool Network is a cloud-based mining pool that does the heavy lifting on remote servers — so you earn rewards around the clock without worrying about overheating hardware or sky-high electricity bills. It’s lightweight, battery-friendly, and built for everyday users. Download EcoPool now and start mining & earning smarter today.
