CleanSpark Reports Significant Quarterly Losses Amid Bitcoin Price Decline

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 2 days ago

AI-2.797%

BTC+0.14%

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Quarterly Losses Surge: CleanSpark reported a net loss of $378.3 million for Q2 FY2026, a staggering 173% increase from last year's loss of $138.8 million, highlighting the significant impact of declining Bitcoin prices on the company's financial health.
Bitcoin-Related Losses: Approximately $224.1 million of the losses were tied to Bitcoin holdings, indicating a substantial reduction in asset value due to cryptocurrency market volatility, which directly affects the company's financial stability.
Revenue Decline: The company generated $136.4 million from mining operations, down 25% from $181.7 million a year earlier, which not only strained cash flow but also intensified pressure on the company's expansion into artificial intelligence and high-performance computing infrastructure.
Accelerated Infrastructure Investment: Despite these challenges, CleanSpark is ramping up infrastructure development in Texas and Georgia, with the CEO emphasizing AI as a key long-term growth area, demonstrating the company's proactive response to the evolving market landscape.

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Technical Analysis for AI

Technical Sentiment Analysis for Sleepless AI (AI). As of , Sleepless AI (AI) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 4 indicators are flashing buy, while 2 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for AI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, AI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Sleepless AI (AI) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.00759	0.0152	0.0219	0.0295	0.0362	0.0438	0.0505
Fibonacci	0.0152	0.0207	0.0241	0.0295	0.035	0.0384	0.0438

About AI

Where AI meets affections Sleepless AI emerges as a groundbreaking Web3+AI gaming platform, ingeniously blending artificial intelligence and blockchain technology. At its core, Sleepless AI aims to revolutionize the gaming industry with its unique approach and the extensive expertise of its team. Our mission is to offer unparalleled emotional support and immersive gaming experiences through AI companion games. The project seeks to redefine the gaming landscape by seamlessly integrating advanced AI and blockchain technologies.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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