CleanSpark, a Bitcoin mining company, announced a net loss of $378.3 million for the second quarter, marking a 173% increase from the previous year. This includes a $224.1 million loss from its Bitcoin holdings. The company reported $136.4 million in mining revenue, reflecting a 25% decline year-over-year. In response to these financial challenges, CleanSpark is shifting its focus towards AI and high-performance computing (HPC) infrastructure. CEO Matt Schultz emphasized the company's commitment to commercializing AI/HPC assets and expanding its portfolio while maintaining efficient mining operations. Following the earnings report, CleanSpark's stock dropped 5% in after-hours trading.