Cleanspark (CLSK) Operating Expenses (2010 - 2026)
Cleanspark's (CLSK) quarterly Operating Expenses came in at $370.4 million in Q2 2026, up 879.49% year-over-year from $37.8 million in Q2 2025, and down 23.17% quarter-over-quarter from $482.1 million in Q1 2026.
Analysis
Cleanspark (CLSK) Operating Expenses (2010 - 2026) Analysis & Trends
Cleanspark (CLSK) has reported Operating Expenses for 17 consecutive years, with $370.4 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Expenses rose 879.49% year-over-year to $370.4 million in Q2 2026; TTM through Jun 2026 was $1.6 billion, a 314.59% increase from a year earlier, with the FY2025 full-year figure at $447.4 million, down 15.27% from the prior year.
- Operating Expenses was $370.4 million for Q2 2026 at Cleanspark, down from $482.1 million in the prior quarter.
- Over five years, Operating Expenses peaked at $497.7 million in Q4 2025 and troughed at -$47.7 million in Q4 2024.
- A 5-year average of $154.0 million and a median of $64.0 million in 2022 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses tumbled 205.29% in 2024 and jumped 1362.68% in 2025, its largest moves.
- Over 5 years, Operating Expenses stood at $56.7 million in 2022, then slipped by 20.15% to $45.3 million in 2023, then plunged by 205.29% to -$47.7 million in 2024, then soared by 1144.12% to $497.7 million in 2025, then declined by 25.58% to $370.4 million in 2026.
- The last three Operating Expenses figures came in at $370.4 million (Q2 2026), $482.1 million (Q1 2026), and $497.7 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Bitmine Immersion Technologies | 56.87 Bn | 56.53 Bn | 40.81 Mn | 52.67 Mn |
| 2 | Iren | 34.00 Bn | 26.43 Bn | 103.89 Mn | 128.25 Mn |
| 3 | Hut 8 | 11.52 Bn | 5.04 Bn | 48.04 Mn | 78.04 Mn |
| 4 | Riot Platforms | 8.24 Bn | 7.69 Bn | 84.97 Mn | 413.67 Mn |
| 5 | Argo Blockchain | 6.43 Bn | 6.43 Bn | - | - |
| 6 | MARA Holdings | 4.32 Bn | 3.96 Bn | - | 695.95 Mn |
| 7 | Cleanspark | 3.26 Bn | 3.05 Bn | - | 370.41 Mn |
| 8 | Bitdeer Technologies | 2.92 Bn | 2.46 Bn | -8.53 Mn | -93.21 Mn |
| 9 | Keel Infrastructure | 2.14 Bn | 2.13 Bn | -86.75 Mn | 31.31 Mn |
| 10 | HIVE Digital Technologies | 853.00 Mn | 613.97 Mn | -29.49 Mn | 18.98 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 370.41 Mn |
| Mar 31, 2026 | 482.09 Mn |
| Dec 31, 2025 | 497.73 Mn |
| Sep 30, 2025 | 222.82 Mn |
| Jun 30, 2025 | -47.52 Mn |
| Mar 31, 2025 | 319.74 Mn |
| Dec 31, 2024 | -47.67 Mn |
| Sep 30, 2024 | 154.87 Mn |
| Jun 30, 2024 | 353.19 Mn |
| Mar 31, 2024 | -25.32 Mn |
| Dec 31, 2023 | 45.28 Mn |
| Sep 30, 2023 | 121.61 Mn |
| Jun 30, 2023 | 61.11 Mn |
| Mar 31, 2023 | 60.03 Mn |
| Dec 31, 2022 | 56.70 Mn |
| Sep 30, 2022 | 66.83 Mn |
| Jun 30, 2022 | 46.35 Mn |
| Mar 31, 2022 | 34.40 Mn |
| Dec 31, 2021 | 21.81 Mn |
| Sep 30, 2021 | 18.23 Mn |