In Q1'26, CLSK's Operating Cash Flow stood at -161.1M USD, marking a significant deterioration from the -119.4M USD reported in Q4'25 and reflecting ongoing operational challenges. Free Cash Flow for the same period was -213.4M USD, worsening from -167.2M USD in the prior quarter, primarily due to substantial capital expenditures outpacing cash generation. Over the period from Q2'23 to Q1'26, both Operating and Free Cash Flow exhibited a clear downward trend, transitioning from modest positive or low-negative values—such as 6.8M USD for Operating Cash Flow in Q2'23—to deepening losses exceeding 100M USD by mid-2025. The decline accelerated notably after Q3'23, with Operating Cash Flow averaging -90M USD annually in the latter half, while Free Cash Flow showed greater volatility, dropping to lows of -406.5M USD in Q4'24 before partial recoveries in Q2'25 and Q4'25. This pattern underscores persistent cash burn, likely driven by expansion investments in a high-growth sector, warranting scrutiny for sustainability.