CleanSpark Releases August 2026 Operational Update

August data show CleanSpark’s growing hashrate, contracted power and bitcoin sales alongside $6.6 billion in contracted revenue at its Sandersville campus.

Rhea-AI Summary

CleanSpark (CLSK) reported its unaudited Bitcoin mining and operations update for August 2026 and progress on its Sandersville and Texas projects.

Construction continues at the Sandersville campus, which is tied to $6.6 billion in contracted revenue. In Texas, the company received conditional ERCOT classification for 585 MW of contracted capacity to receive batch zero baseload designation and 300 MW for batch zero studied load designation.

In August, CleanSpark produced 593 bitcoin, averaging 19.12 bitcoin per day, with calendar 2026 production at 4,903 bitcoin. Operational hashrate reached 50 EH/s, with an average of 38.3 EH/s and peak fleet efficiency of 16.07 J/Th, supported by 808 MW utilized from 1.8 GW under contract. Bitcoin holdings were 13,703 as of August 31, after sales at an average price of $65,420 per bitcoin.

Positive

• $6.6 billion in contracted revenue tied to the Sandersville campus construction
• ERCOT conditional classification for 585 MW baseload and 300 MW studied load in Texas
• August bitcoin production of 593 BTC at an average of 19.12 BTC/day
• Operational hashrate peak of 50 EH/s with 16.07 J/Th peak efficiency
• Power portfolio of 1.8 GW under contract with 808 MW utilized
• Bitcoin holdings of 13,703 BTC as of August 31, 2026
• Average realized price on August bitcoin sales of $65,420 per bitcoin

Negative

• None.

News Explained

The update makes clear that part of reported bitcoin holdings is tied to derivatives, while sales are separated by transaction type.

CleanSpark’s unaudited August report adds transaction detail to the month-end treasury position: holdings declined from July 31, 2026 to August 31, 2026, with separate disclosures for bitcoin sold at spot, pursuant to call exercises, and in connection with a delta-neutral basis trade.

The report also states that 3,951 bitcoin of the 13,703 bitcoin held at August 31, 2026 was posted as collateral or recorded as receivable, all related to derivative transactions.

Market Context

The Aug 05, 2026 operational update was followed by a -4.73% 24-hour reaction; that comparable minin...

Analysis

The Aug 05, 2026 operational update was followed by a -4.73% 24-hour reaction; that comparable mining-and-infrastructure release contextualized this August update, whose market data was pre-publication.

Key Figures

Contracted revenue: $6.6 billion Bitcoin produced: 593 BTC Operational hashrate: 50 EH/s +5 more

Contracted revenue

$6.6 billion

Sandersville campus

Bitcoin produced

593 BTC

August 2026

Operational hashrate

50 EH/s

August 31, 2026

Power under contract

1.8 GW

August 2026

Utilized power

808 MW

August 2026

Bitcoin holdings

13,703 BTC

As of August 31, 2026

Conditional batch zero baseload capacity

585 MW

ERCOT classification

Conditional batch zero studied load capacity

300 MW

ERCOT classification

Historical Context

3 past events · Latest: Aug 05

3 events

1. Aug 05

   Operational update

   24h Move

   -4.7%

   Reported 586 BTC production and continued the $6.6 billion Sandersville lease program.

2. Jul 14

   Lease announcement

   24h Move

   +8.8%

   Announced a 20-year Sandersville lease with $6.6 billion initial contracted revenue.

3. Jun 07

   Operational update

   24h Move

   -7.6%

   Reported 614 BTC production, 50 EH/s peak hashrate, and 1.8 GW contracted power.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

operational hashrate, delta neutral basis trade

2 terms

operational hashrate technical

"Operational Hashrate1 | 50 EH/s"

Operational hashrate is the actual computing power that a cryptocurrency mining operation is producing at a given time, measured by how many cryptographic problems it can solve per second. Think of it as the number of machines in a factory that are actually running versus the total that could be installed; higher operational hashrate means greater potential for mining rewards and revenue, while drops can signal equipment failures, maintenance, or rising costs that matter to investors.

delta neutral basis trade financial

"Bitcoin sold related to delta neutral basis trade | (244)"

A delta neutral basis trade is a market strategy that seeks to profit from the price gap between a security’s current market price and a related derivative (like a futures or forward) while neutralizing exposure to overall market moves. Think of it as balancing a scale so gains from the price gap can be collected without betting on whether the market goes up or down; it matters to investors because it can offer returns with reduced directional risk, though it still carries costs and specific risks tied to timing, funding and the relationship between the instruments.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Construction ongoing for the Sandersville campus with $6.6 billion in contracted revenue

Receives notice of conditional batch zero classification by ERCOT for both sites in Texas

LAS VEGAS, Sept. 8, 2026 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK) ("CleanSpark" or the "Company"), a market-leading data center developer, today released its unaudited Bitcoin mining and operations update for the month ended August 31, 2026.

"We continue making strong construction progress at our Sandersville site as we execute for our high-investment grade tenant," said CEO and Chairman Matt Schultz. "In Texas, we support and remain fully committed to satisfying Governor Abbott's audit directive with both ERCOT and the PUCT.  As part of that process, we have received notice of conditional classification by ERCOT for 585 MW of contracted capacity to receive batch zero baseload designation and 300 MW to receive batch zero studied load designation, as expected. We look forward to working collaboratively with all stakeholders to serve the needs of Texans while also delivering for our shareholders and customers."

August 2026 Bitcoin Mining Highlights (Unaudited)

Production Metrics
Bitcoin produced	593
Peak single day bitcoin production	20.40
Average daily bitcoin production	19.12
CY2026 bitcoin produced	4,903

Fleet Metrics
Operational Hashrate1	50 EH/s
Average operating hashrate	38.3 EH/s
Peak efficiency of deployed fleet	16.07 J/Th
Deployed fleet as of August 31	201,269

Power Portfolio Metrics
GW under contract2	1.8 GW
Utilized MW3	808 MW

Bitcoin Treasury Activity
Total bitcoin holdings as of July 31	13,931
Bitcoin produced	593
Bitcoin sold at spot	(77)
Bitcoin sold pursuant to call exercises	(500)
Bitcoin sold related to delta neutral basis trade	(244)
Total bitcoin holdings as of August 314	13,703
Average price per bitcoin sold5	$65,420

¹Operational Hashrate refers to the highest hashrate historically achieved concurrently by all installed and functional miners that were: properly racked and configured, supported by energized infrastructure, and capable of actively contributing to our mining pool or directly to the Bitcoin network.

²GW under contract includes all contracted power capacity for wholly owned or leased sites and excludes any other non-binding arrangements.  

³Utilized MW represents the maximum megawatts used concurrently in support of the fleet's Operational Hashrate.

⁴As of August 31, 2026, CleanSpark's Bitcoin holdings were 13,703 in total, of which 3,951 was posted as collateral or as receivable and all related to derivative transactions.

⁵Average price calculated as net proceeds from bitcoin sold plus net premiums generated divided by total bitcoin sold.

About CleanSpark
CleanSpark (Nasdaq: CLSK), is a market-leading data center developer with a proven track record of success. We control a portfolio of more than 1.8 GW of power, land, and data centers across the United States powered by globally competitive energy prices. Sitting at the intersection of Bitcoin, energy, operational excellence, and capital stewardship, we optimize our infrastructure to deliver superior returns to our shareholders. Monetizing low-cost, high reliability energy by producing a global emerging critical resource – compute – positions us to prosper in an ever-changing world. 

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In this press release, forward-looking statements include, but may not be limited to, statements regarding the Company's expectations, beliefs, plans, intentions, and strategies. In some cases, you can identify forward-looking statements by terms such as "may," "will," "should," "expects," "plans," "anticipates," "could," "intends," "targets," "projects," "contemplates," "believes," "estimates," "forecasts," "predicts," "potential" or "continue" or the negative of these terms or other similar expressions. The forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to: scaling towards becoming a multi-gigawatt AI and digital infrastructure platform; the success and performance of the Company's non-bitcoin data center activities and expansion into non-bitcoin infrastructure;  completion of construction, regulatory approvals, and electrical power availability to achieve anticipated growth; the success and performance of the digital asset management and derivatives trading activities; the success of our digital currency mining activities; bitcoin volatility; the dependency on utility rate structures and government incentive programs;  and other risks described in the Company's prior press releases and in its filings with the Securities and Exchange Commission (SEC), including under the heading "Risk Factors" in those filings. Forward-looking statements contained herein are made only as to the date of this press release, and we assume no obligation to update or revise any forward-looking statements as a result of any new information, changed circumstances or future events or otherwise, except as required by applicable law.  

Investor Relations Contact  
Harry Sudock
702-989-7693
ir@cleanspark.com 

Media Contact 
Eleni Stylianou
702-989-7694
pr@cleanspark.com

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SOURCE CleanSpark, Inc.

FAQ

How much bitcoin did CleanSpark hold as collateral or receivable related to derivatives at the end of August 2026?

As of August 31, 2026, CleanSpark held 13,703 bitcoin in total, of which 3,951 bitcoin was posted as collateral or recorded as a receivable, all related to derivative transactions.

What was CleanSpark’s cumulative bitcoin production in calendar year 2026 through August?

CleanSpark’s cumulative bitcoin production for calendar year 2026 through August 31 was 4,903 bitcoin.

How many miners were deployed in CleanSpark’s fleet at the end of August 2026?

The deployed fleet totaled 201,269 miners as of August 31, 2026.

What were the key components of CleanSpark’s bitcoin treasury activity in August 2026?

CleanSpark began August with 13,931 bitcoin, produced 593 bitcoin, and sold 77 bitcoin at spot, 500 bitcoin pursuant to call exercises, and 244 bitcoin related to a delta neutral basis trade, ending the month with 13,703 bitcoin.