CleanSpark Releases March 2026 Operational Update
Rhea-AI Summary
CleanSpark (Nasdaq: CLSK) released its unaudited March 2026 operational update reporting March production of 658 BTC and CY2026 bitcoin produced of 1,799 BTC. The company reported an 11% increase in average monthly hashrate, an operational hashrate peak of 50.0 EH/s, and total bitcoin holdings of 13,561 BTC as of March 31, 2026.
Fleet efficiency peaked at 16.07 J/Th, utilized power was 808 MW of 1.8 GW contracted, and average price per bitcoin sold was $71,396.
Positive
- CY2026 bitcoin produced of 1,799 BTC
- March bitcoin production of 658 BTC
- Operational hashrate peak of 50.0 EH/s
- 11% increase in average monthly hashrate
- Total bitcoin holdings of 13,561 BTC as of March 31, 2026
Negative
- Bitcoin sold totaling 905 BTC in March (405 spot, 500 call exercises)
- Utilized power 808 MW versus 1.8 GW under contract
- 1,641 BTC posted as collateral/receivable related to derivatives
News Market Reaction – CLSK
On the day this news was published, CLSK declined 0.44%, reflecting a mild negative market reaction. Argus tracked a peak move of +17.4% during that session. Our momentum scanner triggered 15 alerts that day, indicating notable trading interest and price volatility. This price movement removed approximately $11M from the company's valuation, bringing the market cap to $2.57B at that time.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
CLSK is up about 3.53% alongside several crypto/financial peers also green (e.g., CIFR +4.46%, WULF +4.08%, MRX +3.35%, HUT +2.23%, MARA +0.51%), but no names appeared on the momentum scanner, pointing to a stock-specific reaction rather than a coordinated sector move.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Mar 05 | Ops update February | Neutral | -6.7% | February 2026 bitcoin production, hashrate, fleet and holdings update. |
| Feb 19 | Leveraged ETF launch | Neutral | +5.9% | Launch of single-stock leveraged ETFs including 2x short exposure to CLSK. |
| Feb 18 | Leveraged ETF preview | Neutral | -0.1% | Announcement of upcoming 2x leveraged ETFs tied to CLSK, COHR, LEU. |
| Feb 05 | Q1 FY2026 earnings | Neutral | +22.0% | Q1 revenue of $181.2M, large net loss, and expansion of AI-ready power assets. |
| Feb 04 | Ops update January | Neutral | -10.0% | January 2026 production metrics and Texas expansion with large power capacity. |
Recent operational updates in January and February saw negative reactions, while the Q1 revenue release and leveraged-ETF launch news drew positive responses, suggesting the market has rewarded broader strategic/financial catalysts more than routine monthly production stats.
Over the last few months, CleanSpark has combined steady Bitcoin production with large strategic steps. January and February 2026 operational updates showed BTC production between 568–573 BTC, operational hashrate peaks of 50.0 EH/s, and power use of 808 MW, but shares fell after both. In early February, Q1 FY2026 results reported $181.2M revenue and a sizeable net loss of $378.7M, yet the stock rose 21.96%. Later in February, news of a 2x short leveraged ETF on CLSK coincided with a 5.93% gain. Today’s March operations update continues this chain of detailed operating disclosures and Bitcoin-tied financial positioning.
Market Pulse Summary
This announcement details March 2026 operations, including production of 658 BTC, year-to-date output of 1,799 BTC, an average operating hashrate of 47.3 EH/s, and end-of-month holdings of 13,561 BTC. It underscores CleanSpark’s scale and increasing efficiency while highlighting active treasury management through bitcoin sales and derivatives. In light of recent earnings and expansion updates, investors may watch subsequent monthly reports for trends in hashrate, power utilization, and bitcoin balances.
Key Terms
hashrate technical
operational hashrate technical
eh/s technical
mw technical
delta neutral basis trade financial
derivative transactions financial
AI-generated analysis. Not financial advice.
Concludes quarter with nearly 1,800 bitcoin mined and an
"March delivered strong operational momentum for CleanSpark, driven by seamless team execution, strategic advancements, and disciplined progress across our business," said Matt Schultz, Chief Executive Officer and Chairman of CleanSpark. "We continue to make significant headway toward securing our first hyperscale customer in AI and high-performance computing, while actively building out our talent pipeline to support these high-margin growth initiatives. Our people remain the foundation of our competitive advantage. Meanwhile, our core Bitcoin mining and digital asset management operations generated robust cash flow that continues to fund these strategic investments and drive long-term shareholder value."
March 2026 Bitcoin Mining Highlights (Unaudited)
Production Metrics | |
Bitcoin produced | 658 |
Peak single day bitcoin production | 23.01 |
Average daily bitcoin production | 21.24 |
CY2026 bitcoin produced | 1,799 |
Fleet Metrics | |
Operational hashrate1 | 50.0 EH/s |
Average operating hashrate | 47.3 EH/s |
Peak efficiency of deployed fleet | 16.07 J/Th |
Deployed fleet as of March 31 | 224,473 |
Power Portfolio Metrics | |
GW under contract2 | 1.8 GW |
Utilized MW3 | 808 MW |
Bitcoin Treasury Activity | |
Total bitcoin holdings as of February 28 | 13,363 |
Bitcoin produced | 658 |
Bitcoin sold at spot | (405) |
Bitcoin sold pursuant to call exercises | (500) |
Bitcoin acquired pursuant to put exercises | 300 |
Bitcoin acquired related to delta neutral basis trade | 145 |
Total bitcoin holdings as of March 314 | 13,561 |
Average price per bitcoin sold5 | |
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 March 31, 2026, CleanSpark's Bitcoin holdings were 13,561 in total, of which 1,641 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
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: 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, which were only recently commenced; 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.