As of Q1'26, CLSK's cash and short-term investments stood at $1.29B, reflecting a robust liquidity position, while total debt reached $1.79B, indicating a significant leverage increase that has outpaced cash growth in the latest period. From Q2'23 to Q1'26, cash and short-term investments exhibited strong overall growth, surging from $16.3M to $1.29B with notable acceleration in Q2'24 ($679M) and Q1'25 ($1.21B), though it stabilized around $900M-$1B in subsequent quarters before a final uptick. In contrast, debt steadily declined from $23.5M in Q2'23 to $11.9M in Q3'24, but then escalated sharply to $1.79B by Q1'26, driven by major jumps in Q1'25 ($649M) and Q1'26, resulting in a net debt position that has deteriorated despite the cash buildup and highlighting potential financing needs for expansion.