Firsthand Bitcoin · Data · Bitcoin miners

CleanSpark: power cost and cost per bitcoin, 2026

Energy as reported (kWh utilised). Site staff, property tax and insurance sit in CleanSpark's overheads, so the loaded rate is the comparable one. Energy reported by the company.

Cost per kWh, quarter by quarter

PeriodEnergy (MWh)Power ¢/kWhAll-in ¢/kWhLoaded ¢/kWh
Oct–Dec 20251,720,3775.6¢5.6¢7.5¢
Q1 20261,555,4075.3¢5.3¢7.7¢
Q2 20261,602,7795.3¢5.3¢7.8¢
H1 20263,158,1865.3¢5.3¢7.7¢

What a bitcoin cost them

PeriodBitcoin minedPower $/BTCAll-in $/BTCLoaded $/BTCRevenue $/BTC
Oct–Dec 20251,817$52,600$52,600$70,500$99,700
Q1 20261,795$45,500$45,500$67,000$76,000
Q2 20261,920$44,400$44,500$64,700$71,900
H1 20263,715$44,900$45,000$65,800$73,900

The hardware

PeriodDepreciationImpairmentsSpending on machines
Oct–Dec 2025$106.3m$1.4m$18.5m
Q1 2026$115.9m$4m$-3.7m
Q2 2026$111m$0m$17.6m
H1 2026$226.9m$4m$13.9m

Full analysis, with every filing linked · All public miners

This is our analysis of the company's public filings, not an audit in the accounting sense, and it is not investment advice. Mining output depends on bitcoin's price, difficulty and uptime, and isn't guaranteed.