Wu says that Bitcoin mining company CleanSpark announced its second quarter results for fiscal year 2026 ending March 31, 2026: quarterly revenue of $136.4 million, down 24.9% year-over-year; net loss widened to $378.3 million, compared to a net loss of $138.8 million in the same period last year. As of the end of the quarter, the company's total HODL value was $925.2 million, including liquid and non-liquid Bitcoin assets, as well as Bitcoin held by counterparties due to collateral arrangements; cash reserves were $260.3 million, total assets approximately $2.9 billion, and total long-term debt about $1.8 billion. Meanwhile, CleanSpark stated that it has obtained ERCOT-approved 585 MW of power capacity and is advancing infrastructure and site development related to AI/HPC.

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