CleanSpark's stock price plunges over 12%, bringing its market cap down to $3.219 billion

BlockBeats News, May 13th, according to Bitget market data, the stock price of Bitcoin mining firm CleanSpark fell over 12% intraday today, with a market value dropping to $3.219 billion.

Earlier today, BlockBeats reported that CleanSpark achieved a Q1 revenue of $136.4 million, a 24.9% decrease from the $181.7 million in the same period last year. The net loss was $378.3 million ($1.52 loss per basic share), compared to a net loss of $138.8 million in the same period last year. Adjusted EBITDA was -$241.2 million, compared to -$57.8 million in the same period last year.

The balance sheet shows that as of March 31, 2026, the company holds $260.3 million in cash, with a Bitcoin holding value of $925.2 million (including current Bitcoin, non-current Bitcoin, and Bitcoin held by counterparties in collateral arrangements). Total current assets amount to $1.1 billion, with total assets reaching $2.9 billion.