CleanSpark swung to a net loss of $239 million in its fiscal third quarter ended June 30, reversing from a year-earlier profit as a $116.25 million non-cash impairment on its Bitcoin holdings and a 30.5% drop in revenue pressured results. Revenue fell to $138 million from $198.6 million a year earlier, narrowly missing the $142.2 million analyst consensus compiled by Yahoo Finance. Shares fell 5.5% in Thursday trading before recovering about 3% in pre-market trading on Friday to above $13.10. The company said its Bitcoin holdings were valued at $810 million at June 30, including liquid Bitcoin, illiquid Bitcoin and assets held by counterparties under collateral agreements. The quarter followed another loss-making period in fiscal second quarter, when CleanSpark posted a $378.3 million net loss on $136.4 million of revenue. Even as mining profitability remains under pressure, CleanSpark is pushing further into AI and high-performance computing infrastructure, including a 20-year lease signed July 14 for a 175-megawatt data center at its Sandersville, Georgia campus that it estimates could generate about $6.6 billion in contracted revenue over the initial term.