CleanSpark shares slide after reporting $378M fiscal second quarter loss
Burns Brief
3 million net loss in its fiscal second-quarter results, more than double the prior year, with nearly 60% tied to Bitcoin price declines The news has rattled market participants, with bears looking to push prices lower while bulls attempt to defend key support levels. Watch $BTC $NEAR for reaction — a decisive move above or below key levels will confirm the next trend.
CleanSpark posted a $378.3 million net loss in its fiscal second-quarter results, more than double the prior year, with nearly 60% tied to Bitcoin price declines.
Key Takeaways
- 3 million net loss in its fiscal second-quarter results, more than double the prior year, with nearly 60% tied to Bitcoin price declines