CLSK
The update investors were waiting for
CleanSpark wrapped up its second fiscal quarter 2026 with a results drop that reads like a flex reel for a Bitcoin miner. The company said it doubled megawatts under contract year over year, including 585 MW of ERCOT-approved capacity, while its Bitcoin holdings climbed 14% and average monthly hashrate rose 18% versus last year.
Why the numbers matter
For a miner, this is basically the whole game: more power, more rigs, more hash, more coin. CleanSpark is signaling that it’s not just surviving the chaos of the crypto energy race — it’s trying to scale through it.
- 585 MW of ERCOT-approved capacity gives the company more room to grow in Texas, where power access can be the difference between “serious operator” and “expensive hobby.”
- 14% more Bitcoin holdings means the treasury stack is getting fatter.
- 18% higher average monthly hashrate suggests the machines are working harder, or at least more efficiently, than they were a year ago.
The investor angle
If you own CLSK, you’re not just betting on Bitcoin. You’re betting on CleanSpark’s ability to keep securing power, deploying capacity, and translating all that infrastructure into actual mined BTC. And in this business, power access is the moat — or at least the moat’s sketchy cousin.
Big picture: CleanSpark is still playing the long game, and this quarter says the company is adding fuel to the mining machine instead of tapping the brakes.