CleanSpark, Inc. operates as a bitcoin mining company in the Americas. The company owns, leases, and operates data centers and power assets. Its infrastructure supports Bitcoin, a digital commodity. The company was formerly known as Stratean Inc. and changed its name to CleanSpark, Inc. in November 2016. CleanSpark, Inc. was incorporated in 1987 and is headquartered in Henderson, Nevada.
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Crypto Stocks Rally While Bitcoin Trades Near $80K
Crypto-linked equities are outrunning the coins in Tuesday morning trade, with CleanSpark surging 7% to $12.72 and BitMine Immersion Technologies climbing 4% to $25.21. The CoinShares Bitcoin Mining and Digital Power ETF is up 4% to $46.55, while the iShares Bitcoin Trust ETF is up 0.6% to $44.92, as mining and treasury names reprice faster than Bitcoin's nearly flat 0.4% move to $79,377.30. CleanSpark's most recent earnings report showed revenue of $138.01 million, missing the $141.81 million consensus, with a GAAP loss of $0.89 per share driven by a $116.25 million loss on the fair value of Bitcoin. BitMine announced on August 24 that its ether holdings had reached 5.85 million tokens, with total crypto and cash holdings of $14.9 billion, and Chairman Tom Lee said the company could hit its 5% of all ether target before year end, generating roughly $330 million annually in staking yield. Strategy holds 846,000 Bitcoin with an $8.32 billion unrealized digital-asset loss, while Coinbase reached an all-time-high 10.3% crypto trading volume market share in Q2 2026.
CleanSpark Sinks 6% as Bitcoin Jumps 7%, MARA Flat
CleanSpark stock fell 6% to $11.84 on Friday even as Bitcoin rose 7% to $77,740.82, while MARA Holdings held nearly flat at $11.14, signaling investors are repricing the miner-to-AI-landlord pivot rather than the coin. CleanSpark's fiscal Q3 2026 revenue dropped 30.5% year over year to $138 million, with a net loss of $239.8 million and adjusted EBITDA of negative $113 million, while its $6.6 billion Sandersville lease has yet to generate revenue. Riot Platforms' $9.1 billion Anthropic deal initially jumped more than 20% before giving back most of the gain, and the CoinShares Valkyrie Bitcoin Miners ETF fell 3% to $45.54 on Bitcoin's surge. The divergence suggests the market now demands confirmed anchor tenants rather than construction milestones and unfunded promises.
Riot Platforms Signs $9.1 Billion AI Computing Deal With Anthropic
Riot Platforms struck a $9.1 billion, 20-year computing deal with Anthropic this week, leasing 191 megawatts of power at its Rockdale, Texas campus, with the potential to grow to $16.1 billion if extended twice by five years each. The deal follows Riot's earlier agreement with AMD, giving the site what Compass Point analyst Michael Donovan called a two-tenant campus carrying $9.8 billion of contracted data center revenue. Riot's second-quarter revenue beat expectations at $174.2 million versus the $154.3 million analysts modeled, and Donovan reiterated a buy rating with a $29 price target. CleanSpark signed its own 20-year, $6.6 billion triple-net lease at its Sandersville site with a high investment-grade tenant, though its fiscal third-quarter revenue fell 30.5% year over year to $138.0 million and it swung to a $239.8 million net loss. Both companies are shifting from bitcoin mining to renting power and data center space to AI firms, but neither has yet proven the model can fully replace mining as the core business.
Riot, MARA, CleanSpark Drop as Strategy Sells Bitcoin at a Loss
Shares of Riot Platforms, MARA Holdings, and CleanSpark fell sharply after Strategy disclosed it sold 1,690 Bitcoin at a realized loss. Riot Platforms dropped 6% to $19.36, MARA Holdings fell 6% to $9.52, and CleanSpark slid 5% to $11.69 in midday trading. Strategy sold the Bitcoin for $108.6 million at an average of $64,262 per coin, well below its $75,385 average cost basis, and also sold about 6.59 million common shares for $653.1 million to build a USD reserve. The board has authorized up to $1.25 billion in total Bitcoin sales, and prediction markets assign a 39% chance of additional sales before August 17. Bitcoin itself was down 2% to $63,867.58, adding pressure to the mining sector.
CleanSpark third-quarter revenue falls 30%, net loss of 239 million dollars
CleanSpark, a Nasdaq-listed Bitcoin mining company, reported third-quarter revenue for fiscal year 2026 of 138 million US dollars, down 30.5% from 198 million US dollars a year earlier and missing analyst estimates of 142.2 million US dollars. Net loss came in at 239 million US dollars, or 0.89 US dollars per share, compared with a net profit of 257 million US dollars in the same period last year. The stock fell 5.5% on Thursday but recovered 3% in pre-market trading on Friday to above 13.10 US dollars. Meanwhile, a 20-year data center deal with an undisclosed global technology company is expected to generate 6.6 billion US dollars in contracted revenue over the life of the agreement.
MARA and CleanSpark Revenue Falls About 30% — AI Pivot Alone Fails to Sustain Stock Gains
Bitcoin mining giants MARA Holdings and CleanSpark reported quarterly earnings showing revenue fell about 30% year-on-year. MARA's second-quarter revenue was 174.9 million dollars, down 27%, while CleanSpark's revenue was 138 million dollars, down 30.5%, as impairment losses on bitcoin holdings amid falling prices widened net losses. Both companies are accelerating infrastructure investments for AI and high-performance computing, but according to analysis by BlocksBridge Consulting, the average stock price move on the day of AI-related announcements has shrunk from an initial 24.1% to a recent 10.2%, signaling that investors are increasingly focused on monetization feasibility rather than the scale of announcements.
Mining stocks no longer surge on AI pivot announcements as market reaction cools
Bitcoin mining companies are finding it harder to spark a sharp rally in their share prices even when they announce AI-related deals. According to analysis presented by BlocksBridge Consulting, across 25 AI and HPC infrastructure announcements between June 2024 and August 4, 2026, the absolute value of the single-day stock move on the announcement date fell from 32.5 percent to 6.3 percent. The average for the first eight deals in the study period was 24.1 percent, while the most recent eight averaged just 10.2 percent. Even TeraWulf's 401-megawatt lease deal with Anthropic, worth roughly 19 billion dollars, saw its closing price rise only 4.9 percent. CleanSpark's 6.6 billion dollar, 175-megawatt contract gained 8.8 percent, and Bitdeer's 4.7 billion dollar, 121-megawatt project briefly jumped 12 percent before giving back all the gains by the close. The scarcity value of an AI strategy has faded, and investors are now scrutinizing tenant creditworthiness and profitability much more rigorously.
CleanSpark Trades at a Discount With 54% Upside as Alphabet Tops List of Potential Buyers
CleanSpark shares closed at $14.52 on July 24, 2026, up 43.5% year to date, yet analysts see a 54% upside to a $22.35 mean price target, as the company's 1.8-gigawatt power and data center portfolio trades at a discount to its private-market value. The company controls 585 megawatts of ERCOT-approved capacity, including 300 megawatts newly approved in Brazoria, and reported second-quarter fiscal 2026 revenue of $136.41 million, a 24.9% decline year over year, with a net loss driven largely by a $224.11 million unrealized bitcoin fair-value hit. Alphabet ranks as the cleanest strategic acquirer, with Google Cloud growth accelerating to 82% and capital expenditures up 100% to $44.92 billion, while its power demand outpaces secured supply across Texas and Georgia expansion zones that map directly to CleanSpark's footprint. Amazon is seen as the next-best hyperscaler fit, with AWS growing 28% and capital expenditures hitting $44.20 billion, while Microsoft, Riot Platforms, and MARA Holdings round out the list of plausible buyers, though each faces hurdles ranging from a preference for power purchase agreements to regulatory scrutiny or balance-sheet constraints. A private-equity takeout by sponsors such as Blackstone, KKR, Brookfield, or Stonepeak is also considered credible, given CleanSpark's $1.79 billion in long-term debt against a roughly $3.7 billion market capitalization and a 1.8-gigawatt portfolio that could be marketed as a build-to-suit hyperscaler platform.
Bessent says Clarity Act at '1-yard line', crypto stocks surge
Treasury Secretary Scott Bessent said the Clarity Act is at the '1-yard line', urging Congress to pass the landmark bill before recess, which sent bitcoin and other cryptocurrencies higher on Tuesday. Bitcoin rose 2.08% to $66,559, Ethereum added 1.00% to $1,922, and Dogecoin gained 1.62% to $0.073. Crypto stocks surged, with Cipher Digital up 18.01% to $24.24, Coinbase Global up 11.70% to $179.20, Riot Platforms up 8.64% to $21.62, Robinhood Markets up 8.58% to $107.80, MARA Holdings up 8.10% to $12.62, Circle Internet Group up 7.90% to $70.62, Hut 8 up 7.81% to $108.81, CleanSpark up 7.66% to $15.53, Bullish up 6.83% to $24.24, Figure Technology Solutions up 6.31% to $32.34, Bakkt up 5.22% to $8.26, IREN up 4.71% to $42.10, Gemini Space Station up 4.33% to $4.70, and Strategy up 3.67% to $101.41.
CleanSpark Soars on Multi-Billion AI Leasing Deals
CleanSpark shares surged 10.67 percent to $14.42 on Monday, driven by a wave of multi-billion-dollar AI infrastructure leasing deals across the sector. Peer Hut 8 Corp. secured a new $9.8-billion, 15-year lease with an existing high-investment-grade company, bringing its total lease to 704 megawatts from the second phase of its Beacon Point data center in Texas. IREN Ltd. signed $2.8 billion in new AI cloud deals, lifting its annualized run-rate revenue to $4 billion with a customer base that includes Microsoft, NVIDIA, and Perplexity. CleanSpark itself last week entered a 20-year infrastructure lease with an unnamed high-investment-grade tenant for an initial $6.6 billion in contract revenue, with options that could raise total leasing revenues to $11.6 billion. Institutional conviction also strengthened, as 37 hedge funds held positions in CleanSpark in the first quarter, up from 32, with combined holdings jumping 62 percent to $263.7 million.
IBM plunges 25% on weak preliminary earnings while Goldman Sachs jumps 7%
IBM plunged 25% after issuing weaker-than-expected preliminary second-quarter earnings, expecting a profit of $2.93 per share excluding certain items versus the $3.01 per share analysts polled by FactSet had anticipated. Goldman Sachs jumped 7% after posting second-quarter earnings of $20.98 per share, well above the $14.48 LSEG consensus estimate, with revenue of $20.34 billion also topping the $16.13 billion expected. CleanSpark surged 11% after securing a 20-year data center lease in Georgia totaling $6.6 billion in contracted revenue. HCA Healthcare fell more than 7% after lowering its full-year earnings guidance to between $28.70 and $30.50 per share, down from a prior forecast of $29.10 to $31.50 per share, and also reduced the top end of its 2026 revenue outlook. JPMorgan Chase rose 2% after reporting second-quarter earnings of $6.14 per share on revenue of $58.02 billion, exceeding LSEG estimates of $5.85 per share on $50.19 billion in revenue. Bank of America added 2% after beating expectations with earnings of $1.21 per share on revenue of $31.7 billion, compared to the $1.13 per share and $30.72 billion consensus. Wells Fargo fell 3% despite posting earnings of $2.00 per share on revenue of $22.62 billion, above the $1.72 per share and $21.84 billion expected. Citigroup fell 5% even after logging its best quarterly revenue in a decade, with earnings of $3.15 per share on revenue of $24.77 billion, surpassing the $2.74 per share and $23.74 billion estimates. Apple dipped 1% after KeyBanc downgraded the stock to underweight from sector weight with a $250 price target, citing potential pressure from consumer spending pullbacks. O-I Glass slumped 8% after a double downgrade to underperform from buy at Bank of America, which pointed to a recent 20% rally, challenging glass demand, and other headwinds. LM Ericsson dropped 13% after reporting revenue of 52.70 billion Swedish kronor, missing the 53.94 billion consensus estimate, though adjusted gross margin of 48.4% topped the 47.8% expected. MBX Biosciences tumbled 8% after announcing CEO Kent Hawryluk stepped down effective immediately, to be replaced by Executive Chairman Steve Hoerter.
CleanSpark shares surge after securing $6.6B data center lease agreement
CleanSpark shares surged more than 12% after the company announced a 20-year lease agreement for its Sandersville, Georgia data center campus with an undisclosed high-investment-grade global technology company. The agreement is expected to generate approximately $6.6 billion in contracted revenue over the initial term, with potential revenue increasing to $11.6 billion if two five-year extension options are exercised. Deliveries are expected to begin in the fourth quarter of 2027, with the initial deployment covering 175 megawatts of critical IT load. The company also announced that the tenant has entered into a letter of intent and exclusivity arrangement covering CleanSpark's entire Texas portfolio, which includes 718 acres and up to 885 megawatts of secured and planned power capacity. CleanSpark CEO Matt Schultz called the lease a transformational moment as the company evolves into a diversified digital infrastructure platform.
U.S. stock index futures traded near the flatline on Tuesday as investors turned their attention to the start of the second-quarter earnings season. Tower Semiconductor surged nearly 19% after unveiling a $3 billion expansion of its semiconductor operations in Japan, backed by $1 billion in Japanese government grants. CleanSpark jumped 15.6% after signing a 20-year infrastructure lease expected to generate approximately $6.6 billion in contracted revenue. IBM plunged 19% after preliminary second-quarter results missed Wall Street expectations, while JPMorgan Chase slipped 1.7% despite reporting earnings and revenue that exceeded analyst estimates.
New Hampshire council rejects bitcoin-backed municipal bond
New Hampshire's Executive Council has rejected a proposal for a $100 million bitcoin-backed municipal bond, which would have been the first of its kind issued under a state's authority. The council voted 3-2 against the proposal about three months after the bond received a provisional Ba2 rating from Moody's. The Business Finance Authority of the State of New Hampshire had proposed selling $100 million of taxable municipal bonds entirely backed by bitcoin, with BitGo Trust serving as custodian for the bitcoin collateral. CleanSpark would have borrowed the proceeds and deposited $175 million of bitcoin collateral into a trust, from which bond payments would be made. If the value of the bitcoin held as collateral dropped below $140 million, the fund would be liquidated and bondholders paid in full, with no taxpayer dollars involved. Councilor Karen Liot Hill said the council was being asked to lend legitimacy to a volatile emerging asset class, while state House Majority Floor Leader Keith Ammon called the decision extremely short-sighted and urged reconsideration.
CleanSpark closed at $16.33, up 2.9% from the prior day, outperforming the S&P 500 which lost 0.05%. The Dow fell 0.09% and the Nasdaq dropped 0.24%. Over the past month, CleanSpark shares have declined 12.51%, underperforming the Finance sector's 2.3% gain. The company's upcoming earnings are projected at a loss of $0.29 per share, a 137.18% drop from the same quarter last year, with revenue expected at $158.26 million, down 20.33%. For the full year, the Zacks Consensus Estimates forecast a loss of $3.20 per share and revenue of $642.95 million, representing declines of 550.7% and 16.1% respectively. CleanSpark currently holds a Zacks Rank of #4, indicating a Sell rating.