CleanSpark, Inc.(CLSK) Stock Research - Grey Stern Research
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CleanSpark, Inc. (CLSK) Stock Analysis

$9.07 (-3.30%)

CLSK Financial Performance


Use the table below to view CleanSpark, Inc.'s financial profile. This data is gathers from the latest available financial statements. Annual data is taken from the trailing 12 months of statements. All numbers are reported in US Dollars and so any foreign currencies are converted to USD so comparison's can be done.

Based on Financial Statements from Q3 - 2024

Metric Value Ranking among Peers
Price $9.25 -
52 Week Low $3.38 -
52 Week High $24.72 -
Market Cap $2.3 Billion 2/9
Gross Margin 1% 5/9
Profit Margin -100% 7/9
EBITDA margin 28% 4/9
Q3 - 2024 Revenue $104.1 Million 2/9
Q3 - 2024 Earnings -$236.2 Million 9/9
Q3 - 2024 Free Cash Flow -$265.0 Million 8/9
Trailing 4 Quarters Revenue $341.5 Million 3/9
Trailing 4 Quarters Earnings -$158.5 Million 8/9
Quarterly Earnings Growth -1561% 9/9
Annual Earnings Growth -128% 8/9
Quarterly Revenue Growth 129% 2/9
Annual Revenue Growth 97% 5/9
Cash On Hand $129.2 Million 4/9
Short Term Debt $9.9 Million 2/9
Long Term Debt $1.3 Million 6/9

CleanSpark, Inc. Financial Metrics


Financial metrics are a set of useful numbers that can give key performance indicators of a company. The various metrics can include information about profitability, growth, and debt load. When combined and use properly they can tell an analyst a compelling fact-based story of how the company is currently performing. To compare CleanSpark, Inc.'s metrics versus it's peers make sure to run our peer analysis tool.

Valuation Metrics

Metric Value Ranking among Peers
PE -1.00 5/9
PS 6.86 5/9
PB 1.67 5/9
PC 18.13 2/9
Liabilities to Equity 0.05 8/9
ROA -0.11 6/9
ROE -0.11 5/9
Current Ratio 20.11 1/9
Quick Ratio 7.40 2/9
Long Term Debt to Equity 0.00 5/9
Debt to Equity 0.01 8/9
Burn Rate 0.54 8/9
Cash to Cap 0.06 6/9
CCR 1.12 5/9
EV to EBITDA 76.24 3/9
EV to Revenue 6.51 4/9

Company Details

CleanSpark, Inc. provides bitcoin mining and energy technology solutions worldwide. It operates in two segments, Digital Currency Mining and Energy. The Digital Currency Mining segment engages in mining of bitcoin. The energy segment provides engineering, design and software, custom hardware, open automated demand response, solar, and energy storage solutions for microgrids and distributed energy systems to military, commercial, and residential customers; and develops platforms that enables designing, building, operating, and managing of energy assets. This segment also offers microgrid energy modeling, energy market communications, and energy management solutions comprising mPulse and mVoult, which are control platforms that enables integration and optimization of multiple energy sources; Canvas, a middleware for grid operators and aggregators to administrate load shifting programs; Plaid, a middleware for controls and Internet-of-Things products companies to participate in load shifting programs; and mVSO, an energy modeling software for internal microgrid design, as well as owns gasification energy technologies for various applications, such as feedstock for the generation of di-methyl ether. In addition, it provides design, software development, and other technology-based consulting services; data center services, including rack space, power, and equipment; and various cloud services, such as virtual, virtual storage, and data backup services. The company was formerly known as Stratean Inc. and changed its name to CleanSpark, Inc. in November 2016. CleanSpark, Inc. was incorporated in 1987 and is headquartered in Henderson, Nevada.

CEO: Mr. Zachary K. Bradford

Website: https://www.cleanspark.com

Address: 1185 SOUTH 1800 WEST, SUITE 3 Woods Cross, UTAH

Exchange: NASDAQ Capital Market

Industry: Software—Application

CleanSpark, Inc. Peer Analysis


A useful and more reliable way of seeing the health of a company is to compare it to other companies operating in the same sector. Below is our list of companies which we rank are the closest peers to CleanSpark, Inc.. If you feel that peers should be added or removed from this list please contact us. To run an in-depth peer analysis which compares many financial metrics click on the link below.

Stock Ticker Market Cap
Marathon Digital Holdings, Inc. MARA $4.7 Billion
Riot Blockchain, Inc. RIOT $2.2 Billion
Bit Digital, Inc. BTBT $424.2 Million
Hut 8 Mining Corp. HUT $1.0 Billion
Bitfarms Ltd. BITF $925.2 Million
Cipher Mining Inc. CIFR $1.0 Billion
Stronghold Digital Mining, Inc. SDIG $66.8 Million
TeraWulf Inc. WULF $1.6 Billion
Run Peer Analysis
Income Statement
Balance Sheet
Cash Flow Statement
CLSK Income Statements
Quarter Year Revenue Earnings
Q3 2024 $ 104.1 Million -$236.2 Million
Q2 2024 $ 111.8 Million $126.7 Million
Q1 2024 $ 73.8 Million $25.9 Million
Q4 2023 $ 51.8 Million -$74.9 Million
Q3 2023 $ 45.4 Million -$14.2 Million
Q2 2023 $ 42.5 Million -$18.5 Million
Q1 2023 $ 27.8 Million -$29.0 Million
Q4 2022 $ 26.2 Million -$45.6 Million

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CLSK Balance Sheets
Quarter Year Cash & Equivalents Total Assets Total Debt Total Equity
Q3 2024 $129.2 Million $1.5 Billion $11.9 Million $1.4 Billion
Q2 2024 $323.1 Million $1.5 Billion $13.4 Million $1.5 Billion
Q1 2024 $48.5 Million $862.7 Million $15.2 Million $810.6 Million
Q4 2023 $29.2 Million $761.6 Million $16.7 Million $677.2 Million
Q3 2023 $21.8 Million $652.8 Million $18.8 Million $603.6 Million
Q2 2023 $10.3 Million $531.6 Million $23.5 Million $473.9 Million
Q1 2023 $2.1 Million $486.8 Million $25.7 Million $427.0 Million
Q4 2022 $20.5 Million $452.6 Million $22.2 Million $404.0 Million

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CLSK Cash Flow Statements
Quarter Year freeCashFlow capitalExpenditure netChangeInCash
Q3 2024 -$265.0 Million -$11.3 Million -$193.9 Million
Q2 2024 $53.4 Million -$15.5 Million $274.6 Million
Q1 2024 $6.2 Million -$27.5 Million $19.2 Million
Q4 2023 -$302.2 Million -$258.2 Million $7.4 Million
Q3 2023 -$20.6 Million -$22.3 Million $11.5 Million
Q2 2023 -$10.1 Million -$16.8 Million $8.3 Million
Q1 2023 $162,000 -$5.0 Million -$18.4 Million
Q4 2022 -$139.6 Million -$158.6 Million $17.8 Million

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