Core Insights - The recent selloff in bitcoin has significantly impacted prominent bitcoin miners, with IREN and CleanSpark experiencing substantial declines in their stock prices [2] Company Performance - IREN reported a total revenue of $184.7 million, a decrease from the previous quarter's $384.6 million profit, resulting in a net loss of $155.4 million, which was below the estimated revenue of $224 million [3] - CleanSpark's quarterly revenues reached $181.2 million, reflecting an 11.6% increase year-over-year, but fell short of consensus estimates by approximately $13 million. The company reported a net loss of $378.7 million compared to a net income of $246.8 million in the same period last year [6] Strategic Transition - IREN is transitioning from Bitcoin mining to AI Cloud, with an increasing allocation of capacity to higher-value AI workloads, leading to accelerated AI Cloud revenues [4] - CleanSpark is diversifying its business model, focusing on building an infrastructure platform with multiple revenue streams, including Bitcoin mining for cash flow and AI infrastructure for long-term asset monetization [8] Financial Challenges - IREN faced unrealized losses exceeding $219 million related to prepaid forwards and capped calls, along with a one-time debt conversion expense and mining hardware impairments of $31.8 million due to the ASIC-to-GPU transition [4]

Financial Performance - The company reported a significant increase in revenue, reaching $150 million, representing a 25% year-over-year growth[8] - The company anticipates a revenue growth of 20% for the next quarter, projecting $180 million in revenue[12] - The company reported a gross margin of 45%, up from 40% in the previous quarter[8] User Growth - User data showed a 30% increase in active users, totaling 1.2 million users in the last quarter[8] Market Expansion - The company is expanding its market presence in Europe, targeting a 15% market share by the end of 2024[12] - A strategic acquisition in Texas is expected to enhance operational capacity by 40%[13] Product Development - New product launches are expected to contribute an additional $30 million in revenue over the next fiscal year[12] - The company is investing $10 million in research and development for AI solutions, aiming to enter the high-performance computing market[13] - The company plans to diversify its offerings to include blockchain technology, anticipating a 10% contribution to revenue by 2025[12] Regulatory Challenges - The company is facing regulatory challenges that may impact future profitability, particularly in the cryptocurrency sector[13]

CleanSpa (B) France Holly FY2026 FIRST QUARTER EARNINGS CALL F Y 2 0 2 6 Q 1 E A R N I N G S C A L L S A F E H A R BO R S TATE M EN T This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In this presentation, forward-looking statements include, but may not be limited to, statements regarding the Company's evolving business strategy to expand into the market for high-performing computing ("HPC") and artificial intelligence ("AI") an ...

EXHIBIT 99.1 Balance Sheet Highlights as of December 31, 2025 Assets Liabilities and Stockholders' Equity CleanSpark Reports First Quarter Fiscal 2026 Results CleanSpark Delivers $181 Million in Q1 Revenue, Strengthens Balance Sheet, and Advances Multi-Gigawatt AI Infrastructure Platform Secures up to 890 MW of New Utility-Grade Power Capacity and Expands AI-Ready Site Portfolio Across Texas and Georgia LAS VEGAS, February 5, 2026 -- CleanSpark, Inc. (Nasdaq: CLSK) ("CleanSpark" or the "Company"), today rep ...

Core Insights - CleanSpark, Inc. reported a significant expansion in its power capacity and AI-ready site portfolio, securing up to 890 MW of utility-grade power capacity in Texas and Georgia [1][2] - The company emphasized its strong balance sheet and diversified business model, moving beyond solely bitcoin mining to include infrastructure for AI and digital asset management [2] Financial Performance - Quarterly revenues reached $181.2 million, marking an increase of $18.9 million or 11.6% from the previous year [5] - The net loss for the quarter was $378.7 million, translating to a loss of $1.35 per basic share, compared to a net income of $246.8 million or $0.85 per basic share in the same period last year [5][17] - Adjusted EBITDA decreased to a loss of $295.4 million from a profit of $321.6 million in the prior year [5][19] Balance Sheet Highlights - As of December 31, 2025, the company had working capital of $1.3 billion and total assets of $3.3 billion [4][15] - Total liabilities amounted to $1.9 billion, with long-term debt at $1.8 billion [5][15] - Stockholders' equity was reported at $1.4 billion, down from $2.2 billion in the previous quarter [15] Operational Developments - The company is advancing its Sandersville site with the acquisition of an additional 122-acre parcel, aimed at supporting AI tenancy [2] - CleanSpark's bitcoin mining operations continue to generate cash flows, which are being reinvested into long-duration infrastructure opportunities [2] Strategic Direction - CleanSpark is transitioning to a multi-faceted infrastructure platform, with earnings streams from bitcoin mining, AI infrastructure, and digital asset management [2] - The company aims to optimize capital allocation to maximize returns, a strategy considered rare in the current market [2]

Core Viewpoint - CleanSpark Inc's shares have declined significantly as investors anticipate the release of its first-quarter fiscal 2026 earnings report, which is expected to reflect the challenges faced in the cryptocurrency mining sector [1]. Group 1: Analyst Expectations - Analysts predict CleanSpark will report earnings per share (EPS) of $0.09 for the quarter, amidst increased volatility in cryptocurrency markets affecting mining stocks [2]. Group 2: Crypto Market Sentiment - Bitcoin is currently trading at $67,015.29, down 7.49% in the last 24 hours and 20.93% over the past week, contributing to negative sentiment in the market [3]. - The CMC Crypto Fear and Greed Index shows a reading of 11, indicating "Extreme Fear," a notable drop from the previous day's reading of 14 and last week's level of 38 [3]. Group 3: Technical Analysis - CleanSpark's stock is trading 25.9% below its 20-day simple moving average (SMA) and 34.9% below its 100-day SMA, indicating significant short-term weakness [4]. - Over the past 12 months, shares have decreased by 10.81%, and they are closer to their 52-week lows than highs, reflecting ongoing challenges [4]. Group 4: Momentum Indicators - The Relative Strength Index (RSI) is at 38.28, indicating neutral territory, while the MACD is below its signal line, suggesting bearish pressure on the stock [5]. - The combination of a neutral RSI and bearish MACD indicates mixed momentum, advising caution among traders [5]. Group 5: Analyst Consensus & Recent Actions - The stock carries a Buy Rating with an average price target of $23.16, despite recent declines [6]. - CleanSpark shares were down 10.71% at $9.68 at the time of publication [6]. Group 6: Support and Resistance Levels - Key resistance for the stock is identified at $10.00, while key support is at $9.00 [7]. - Recent analyst actions include a lowered target to $18.00 by Keefe, Bruyette & Woods, while Maxim Group initiated coverage with a Buy rating and a target of $22.00 [7].

Core Insights - J.P. Morgan updated financial models for North American Bitcoin miners, adjusting price targets based on network difficulty and cryptocurrency price fluctuations [1] Group 1: Bitcoin Mining Revenue Projections - Analysts project a modest decline in bitcoin mining revenue for Q4 2025, with estimates for mined bitcoin increasing by a low single-digit percentage due to slower network hashrate growth, while lower realized bitcoin prices offset production gains [2] Group 2: Company Ratings and Price Targets - Cipher Mining (NASDAQ: CIFR) received an overweight rating with an $18 price target, reflecting its power pipeline and pivot toward AI/HPC, alongside a $2 billion debt offering and a 200-megawatt site acquisition in Ohio expected to come online in late 2027 [3] - CleanSpark (NASDAQ: CLSK) holds an overweight rating with a $14 price target, emphasizing its acquisition strategy, including two sites in Texas and ongoing negotiations for potential AI/HPC tenants [4] - Riot Platforms (NASDAQ: RIOT) maintains an overweight rating with a $20 price target, focusing on the capacity potential at its 1 GW Corsicana facility, assuming 600 megawatts of colocation deals by late 2026 [5] - Marathon Digital Holdings (NASDAQ: MARA) is rated overweight with a $13 price target, reflecting its revised year-end 2025 hashrate goal of 75 EH/s [5] - Iris Energy (NASDAQ: IREN) holds an underweight rating with a $39 price target, as the current valuation of approximately $54 is viewed as stretched, factoring in undeveloped site deals that have not materialized [6] Group 3: Regulatory Considerations - J.P. Morgan highlighted an ERCOT proposal that could impact bitcoin miners in Texas, with an interconnection backlog exceeding 250 gigawatts and proposed rules including a "use it or lose it" clause subject to annual reviews, to be presented to state regulators on February 20 [7] - Investors are advised to monitor management commentary from CleanSpark and IREN regarding the ERCOT rule during their earnings report on February 5 [7]

Core Insights - CleanSpark, Inc. has announced a significant expansion in Texas, acquiring land and power agreements to support a data center with a capacity of up to 600 MW [3][4]. Group 1: Company Developments - The company is aggressively scaling its power and land portfolio while enhancing its AI data center team to meet the growing demand in AI and high-performance computing [2]. - CleanSpark has entered into a definitive agreement to acquire up to 447 acres in Brazoria County, Texas, which will support an initial demand load of 300 MW, with potential expansion to 600 MW [3]. - This acquisition marks the second Texas county in CleanSpark's portfolio, following a previous acquisition of 271 acres and 285 MW in Austin County [4]. Group 2: Bitcoin Mining Operations - In January 2026, CleanSpark produced a total of 573 bitcoins, with a peak single-day production of 21.77 bitcoins and an average daily production of 18.47 bitcoins [6]. - The operational hashrate reached 50.0 EH/s, with an average operating hashrate of 42.6 EH/s and a peak efficiency of 16.07 J/Th [6]. - As of January 31, 2026, the company held a total of 13,513 bitcoins, with 1,894 bitcoins posted as collateral related to derivative transactions [8]. Group 3: Power Portfolio Metrics - CleanSpark has 1.8 GW of power under contract, with 808 MW utilized to support its operational hashrate [7][9]. - The company is focused on optimizing its infrastructure to deliver superior returns to shareholders by monetizing low-cost, high-reliability energy [10].

Core Insights - CleanSpark (CLSK) is expected to report its first-quarter fiscal 2026 results on February 5, with revenues projected at $186.66 million, indicating a 15% year-over-year increase [1][10] - The consensus estimate for the bottom-line loss is 10 cents per share, which has widened by 3 cents over the past month, reflecting a significant deterioration from a loss of 7 cents year-over-year [1][10] Financial Performance - CleanSpark's earnings performance has been inconsistent over the past four quarters, with an average negative surprise of 93.06% [2] - The transition towards AI and high-performance computing data centers has increased capital intensity, leading to substantial upfront costs without immediate revenue contributions, which may pressure liquidity and financial flexibility [3] - The company's reliance on Bitcoin mining ties its results to volatile cryptocurrency prices and increased competition, which likely constrained profitability during the quarter [4] Capital Structure and Risks - CleanSpark's expanded debt position from recent convertible note issuance has heightened vulnerability to Bitcoin price fluctuations and operational disruptions, limiting financial flexibility [5] - The company's Digital Asset Management strategy has begun generating incremental cash flow, producing $9.3 million in premiums in the fourth quarter of fiscal 2025, indicating stronger momentum [6] Earnings Prediction - The current Earnings ESP for CleanSpark is -68.42%, with a Zacks Rank of 4 (Sell), indicating a low probability of an earnings beat this quarter [7][8]

LAS VEGAS, Jan. 30, 2026 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK) ("CleanSpark" or the "Company"), will discuss its fiscal first quarter 2026 financial results via a live webcast beginning at 4:30 p.m. ET / 1:30 p.m. PT on Thursday, February 5, 2026. Harry Sudock 702-989-7693 [email protected] Media Contact Eleni Stylianou 702-989-7694 [email protected] SOURCE CleanSpark, Inc. About CleanSpark CleanSpark (Nasdaq: CLSK), is a market-leading data center developer with a proven track record of success. ...