{"id":91692,"date":"2026-05-12T13:16:35","date_gmt":"2026-05-12T13:16:35","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=91692"},"modified":"2026-05-12T13:16:35","modified_gmt":"2026-05-12T13:16:35","slug":"why-is-cleanspark-stock-plunging-today","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=91692","title":{"rendered":"Why Is CleanSpark Stock Plunging Today?"},"content":{"rendered":"<div>\n<p><strong>CleanSpark, Inc. <\/strong><a href=\"https:\/\/www.benzinga.com\/quote\/CLSK\" target=\"_blank\" class=\"ticker-link\" data-ticker=\"CLSK\" data-exchange=\"NASDAQ\" rel=\"noopener\">(NASDAQ:<\/a><a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/CLSK\">CLSK<\/a>) shares are trading lower premarket on Tuesday after the company reported <a target=\"_blank\" href=\"https:\/\/www.benzinga.com\/pressreleases\/26\/05\/n52468872\/cleanspark-reports-second-fiscal-quarter-2026-results\" rel=\"noreferrer noopener\">worse-than-expected second-quarter results<\/a>.<\/p>\n<h2 class=\"wp-block-heading\">Earnings Snapshot<\/h2>\n<p>The company reported EPS loss of $1.52, missing analyst expectations of 50 cents. Revenue came in at $136.4 million, also below the<a href=\"https:\/\/www.benzinga.com\/earnings\" target=\"_blank\" rel=\"noreferrer noopener\"> $145.4 million consensus estimate<\/a>.<\/p>\n<p>Gross margin came in above 40%, down from 47% in the previous quarter. The company posted a net loss of about $378 million, including $263 million in non-cash mark-to-market charges.<\/p>\n<p>It reported adjusted EBITDA loss stood at $241.2 million versus a loss of $57.8 million in the year-ago quarter.<\/p>\n<p>As of March 31, 2026, the company&#8217;s cash position stood at $260.3 million.<\/p>\n<p>&#8220;This quarter, we accelerated our digital infrastructure evolution across four key areas: land and power development, with ERCOT approval of 300 MW in Brazoria; leasing, with further progress in Georgia &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/trading-ideas\/movers\/26\/05\/52484426\/why-is-cleanspark-stock-plunging-today?utm_source=benzinga_taxonomy&amp;utm_medium=rss_feed_free&amp;utm_content=taxonomy_rss&amp;utm_campaign=channel\" alt=\"Why\" is cleanspark stock plunging today>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>CleanSpark, Inc. (NASDAQ:CLSK) shares are trading lower premarket on Tuesday after the company reported worse-than-expected second-quarter results. Earnings Snapshot The company reported EPS loss of $1.52, missing analyst expectations of 50 cents. Revenue came in at $136.4 million, also below the $145.4 million consensus estimate. Gross margin came in above 40%, down from 47% in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-91692","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/91692","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=91692"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/91692\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=91692"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=91692"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=91692"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}