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CleanSpark, Inc. (CLSKW) 10-Year Financial Performance & Capital Metrics

CLSKW • • Banking & Credit
Financial ServicesCapital MarketsCryptocurrency Mining & InfrastructureBitcoin Mining Operators
AboutCleanSpark, Inc. operates as a bitcoin miner in the Americas. It owns and operates data centers that primarily run on low-carbon power. Its infrastructure supports Bitcoin, a digital commodity and a tool for financial independence and inclusion. 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.Show more
  • Net Interest Income -$7M -218.2%
  • Total Revenue $766M +102.2%
  • Net Income $364M +350.0%
  • Return on Equity 18.52% +254.8%
  • Net Interest Margin -0.23% -172.9%
  • Efficiency Ratio 13.61% -82.1%
  • ROA 14.16% +232.3%
  • Equity / Assets 68.32% -23.8%
  • Book Value per Share 6.85 -15.7%
  • Tangible BV/Share 6.41 -20.5%
  • Debt/Equity 0.38 +896.8%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Efficient operations: 13.6% efficiency ratio
  • ✓Momentum leader: RS Rating 82 (top 18%)
  • ✓Well capitalized: 68.3% equity/assets
  • ✓Diversified revenue: 99.5% from non-interest income
  • ✓Trading at only 0.1x book value

✗Weaknesses

  • ✗Weak NIM of -0.2%
  • ✗Shares diluted 46.5% in last year
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y138.03%
3Y79.94%
TTM-

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM350.01%

EPS CAGR

10Y-
5Y-
3Y-
TTM304.7%

ROCE

10Y Avg-30.89%
5Y Avg-7.97%
3Y Avg-7.35%
Latest13.74%

Peer Comparison

Bitcoin Mining Operators
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
IRENIREN Limited17.04B51.89133.05167.65%17.35%18.19%0.53
RIOTRiot Platforms, Inc.6.16B16.5748.7434.2%29.05%4.68%0.20
HUTHut 8 Corp.6.19B57.2816.8569.07%204.38%8.96%0.35
BTBTBit Digital, Inc.747.69M2.3111.55264.59%17.29%13.1%0.03
MARAMarathon Digital Holdings, Inc.4.03B10.666.2069.38%82.46%17.91%0.60
CLSKWCleanSpark, Inc.123.65M0.430.39102.21%47.56%16.76%0.38
ARBKArgo Blockchain plc1.51M4.54-0.02-15.95%-113.58%
ABTCAmerican Bitcoin Corp328.24M1.68-0.6610.09%6%57.62%0.01

Profit & Loss

Sep 2016Sep 2017Sep 2018Sep 2019Sep 2020Sep 2021Sep 2022Sep 2023Sep 2024Sep 2025
Net Interest Income+-32-2.9K-924K-9.48M-10.45M75.76K-888K-2.5M6.1M-7.21M
NII Growth %0.99%-89.47%-318.17%-9.26%-0.1%1.01%-12.72%-1.81%3.44%-2.18%
Net Interest Margin %----------
Interest Income0000308.8K221.49K190K481K8.55M4.13M
Interest Expense322.9K924.45K9.48M10.76M145.73K1.08M2.98M2.46M11.34M
Loan Loss Provision31.23K293.4K-533.68K-5.62M-2.85M26.3M81.08M136.32M237.16M331.77M
Non-Interest Income+82.03K447.96K578.63K4.53M9.72M39.07M131.34M167.93M370.41M762.19M
Non-Interest Income %----------
Total Revenue+82.03K447.96K578.63K4.53M10.03M39.29M131.53M168.41M378.97M766.31M
Revenue Growth %-4.46%0.29%6.83%1.21%2.92%2.35%0.28%1.25%1.02%
Non-Interest Expense2.59M13.53M7.26M17.29M17.26M24.74M87.23M160.16M288.4M104.26M
Efficiency Ratio----------
Operating Income+-2.54M-13.38M-7.08M-16.61M-15.14M-11.9M-37.86M-131.04M-149.04M318.95M
Operating Margin %----------
Operating Income Growth %0.27%-4.26%0.47%-1.35%0.09%0.21%-2.18%-2.46%-0.14%3.14%
Pretax Income+-2.54M-13.5M-47.01M-26.12M-23.35M-8.23M-40.09M-131.3M-142.43M403.57M
Pretax Margin %----------
Income Tax+00000002.42M3.34M39.11M
Effective Tax Rate %----------
Net Income+-2.54M-13.5M-47.01M-26.12M-23.35M-21.81M-57.33M-138.15M-145.78M364.46M
Net Margin %----------
Net Income Growth %0.27%-4.31%-2.48%0.44%0.11%0.07%-1.63%-1.41%-0.06%3.5%
Net Income (Continuing)-2.54M-13.5M-47.01M-26.12M-23.35M-8.23M-40.09M-133.72M-145.78M364.46M
EPS (Diluted)+-1.10-4.20-13.62-6.25-2.44-0.75-1.35-1.35-0.691.12
EPS Growth %0.39%-2.82%-2.24%0.54%0.61%0.69%-0.8%0%0.49%2.62%
EPS (Basic)-1.10-4.20-13.62-6.25-2.44-0.75-1.35-1.35-0.691.25
Diluted Shares Outstanding2.25M3.22M3.45M4.18M9.55M29.44M42.61M102.71M216.86M317.76M

Balance Sheet

Sep 2016Sep 2017Sep 2018Sep 2019Sep 2020Sep 2021Sep 2022Sep 2023Sep 2024Sep 2025
Cash & Short Term Investments+436.53K57.13K412.78K1000K1000K1000K1000K1000K1000K1000K
Cash & Due from Banks436.53K57.13K412.78K7.84M3.13M14.57M20.46M29.21M121.22M42.97M
Short Term Investments0000960K1000K1000K1000K1000K1000K
Total Investments+0000960K24.36M11.76M56.97M432.58M1.19B
Investments Growth %-----24.37%-0.52%3.85%6.59%1.75%
Long-Term Investments000000000222.61M
Accounts Receivables57.09K41.95K34.14K777.72K859.79K307.07K27K5K00
Goodwill & Intangibles+----------
Goodwill4.92M4.92M4.92M4.92M5.9M12.05M08.04M8.04M131.66M
Intangible Assets22.14M15.61M12M8.49M8.03M8.22M6.49M4.6M3.04M5.85M
PP&E (Net)5.35M125.44K86.73K145.07K158.71K226.25M389.83M641.04M1.23B1.37B
Other Assets5895.74K00013.23M5.54M5.72M13.33M135.53M
Total Current Assets604.37K128.63K548.38K9.88M8.25M57.73M50.78M102.17M705.43M1.32B
Total Non-Current Assets32.42M20.66M17.01M13.55M14.09M259.75M401.85M659.41M1.26B1.86B
Total Assets+33.02M20.79M17.56M23.43M22.34M317.47M452.63M761.58M1.96B3.18B
Asset Growth %39.4%-0.37%-0.16%0.33%-0.05%13.21%0.43%0.68%1.58%0.62%
Return on Assets (ROA)-0.15%-0.5%-2.45%-1.27%-1.02%-0.13%-0.15%-0.23%-0.11%0.14%
Accounts Payable291.19K143.22K131.72K848.76K4.53M6.98M24.66M39.9M82.99M15.16M
Total Debt+2.26K231.04K1.06M3.11M572.46K1.54M22.22M16.74M66.95M824.44M
Net Debt-434.27K173.92K646.71K-4.73M-2.55M-13.03M1.76M-12.47M-54.27M133.6M
Long-Term Debt0150K150K3.05M531.17K013.43M8.91M7.18M644.59M
Short-Term Debt2.26K81.05K909.49K67.47K007.79M6.99M58.78M176.57M
Other Liabilities00000674.78K512K000
Total Current Liabilities357.42K301.29K1.35M1.5M5.38M10.06M34.04M74.06M187.89M315.76M
Total Non-Current Liabilities0150K150K3.05M531.17K1.69M14.57M11.86M13.93M692.74M
Total Liabilities357.42K451.29K1.5M4.55M5.91M11.76M48.61M85.91M201.82M1.01B
Total Equity+32.66M20.34M16.06M18.89M16.43M305.72M404.01M675.67M1.76B2.18B
Equity Growth %41.87%-0.38%-0.21%0.18%-0.13%17.61%0.32%0.67%1.61%0.24%
Equity / Assets (Capital Ratio)----------
Return on Equity (ROE)-0.15%-0.51%-2.58%-1.49%-1.32%-0.14%-0.16%-0.26%-0.12%0.19%
Book Value per Share14.506.324.654.521.7210.389.486.588.126.85
Tangible BV per Share----------
Common Stock27.83K33.41K3.61K4.68K17.39K37.39K56K160K271K296K
Additional Paid-in Capital39.07M40.24M82.99M111.94M132.81M444.07M599.9M1.01B2.24B2.45B
Retained Earnings-6.43M-19.93M-66.94M-93.06M-116.4M-138.39M-196.05M-334.2M-479.22M-125.89M
Accumulated OCI00000-5.39K110K226K418K0
Treasury Stock000000000-145M
Preferred Stock1K1K1K1K1.75K1.75K2K2K3K2K

Cash Flow

Sep 2016Sep 2017Sep 2018Sep 2019Sep 2020Sep 2021Sep 2022Sep 2023Sep 2024Sep 2025
Cash from Operations+-438.17K-1.36M-1.26M-5.7M-6.64M-23.99M73.46M-17.25M-233.66M-461.03M
Operating CF Growth %-1.3%-2.11%0.07%-3.52%-0.17%-2.61%4.06%-1.23%-12.55%-0.97%
Net Income-2.54M-13.5M-47.01M-26.12M-23.35M-8.23M-40.09M-133.72M-145.78M353.32M
Depreciation & Amortization578.46K3.32M2.23M3.36M2.84M9.34M49.05M120.73M154.61M348.33M
Deferred Taxes0000000857K00
Other Non-Cash Items19.37K8.68M41.76M16.16M8.91M-8.72M-110.86M-160.76M-288.58M-1.23B
Working Capital Changes-40.41K1.22K250.25K-1.09M2.91M-24.92M143.9M131.5M16.53M19.5M
Cash from Investing+-20.86K-126.32K-419.23K-673.95K-2.38M-229.16M-210.98M-331.93M-920.4M-305.66M
Purchase of Investments0000-750K00000
Sale/Maturity of Investments00000373.12K10K01000K0
Net Investment Activity----------
Acquisitions0000-1.51M45.78K-23.8M-33.34M-96.61M0
Other Investing-11.18K-115.64K-404K-571.19K-84.92K-1M3.27M2.28M-800.82M-161M
Cash from Financing+807.02K1.11M2.04M13.8M4.31M268.06M139.95M357.93M1.25B688.87M
Dividends Paid00000-177.5K-315K-21K-3.42M-10.74M
Share Repurchases000000000-145M
Stock Issued813.8K880K271.9K361.8K4M270.66M123.03M376.2M1.23B186.81M
Net Stock Activity----------
Debt Issuance (Net)-6.78K228.78K1000K1000K313.7K-1000K1000K-1000K1000K1000K
Other Financing0044.94K4.36K03.75M817K-5.42M-21.93M-96.31M
Net Change in Cash+348K-379.4K355.65K7.43M-4.71M14.91M2.42M8.75M95.06M-77.82M
Exchange Rate Effect0000000000
Cash at Beginning88.53K436.53K57.13K412.78K7.84M3.13M18.04M20.46M29.21M124.28M
Cash at End436.53K57.13K412.78K7.84M3.13M18.04M20.46M29.21M124.28M46.46M
Interest Paid01.63K106.97K55.49K14.16K156.2K1.03M2.91M2.13M0
Income Taxes Paid0000000000
Free Cash Flow+-459.02K-1.5M-1.68M-6.37M-6.76M-252.56M-117.23M-318.12M-1.04B-605.69M
FCF Growth %-0.7%-2.26%-0.12%-2.79%-0.06%-36.35%0.54%-1.71%-2.27%0.42%

Banking Ratios

Metric2016201720182019202020212022202320242025
Return on Equity (ROE)-15.2%-50.93%-258.29%-149.49%-132.23%-13.54%-16.15%-25.59%-11.97%18.52%
Return on Assets (ROA)-15.02%-50.17%-245.15%-127.43%-102%-12.84%-14.89%-22.76%-10.7%14.16%
Net Interest Margin-0%-0.01%-5.26%-40.47%-46.78%0.02%-0.2%-0.33%0.31%-0.23%
Efficiency Ratio3159.8%3020.31%1255.37%381.34%172.14%62.97%66.33%95.1%76.1%13.61%
Equity / Assets98.92%97.83%91.46%80.59%73.53%96.3%89.26%88.72%89.72%68.32%
Book Value / Share14.56.324.654.521.7210.389.486.588.126.85
NII Growth99.38%-8946.88%-31817.1%-926.41%-10.19%100.72%-1272.12%-181.08%344.39%-218.2%

Frequently Asked Questions

Valuation & Price

CleanSpark, Inc. (CLSKW) has a price-to-earnings (P/E) ratio of 0.4x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

CleanSpark, Inc. (CLSKW) grew revenue by 102.2% over the past year. This is strong growth.

Yes, CleanSpark, Inc. (CLSKW) is profitable, generating $364.5M in net income for fiscal year 2025 (47.6% net margin).

Dividend & Returns

Yes, CleanSpark, Inc. (CLSKW) pays a dividend with a yield of 7.77%. This makes it attractive for income-focused investors.

CleanSpark, Inc. (CLSKW) has a return on equity (ROE) of 18.5%. This is reasonable for most industries.

Industry Metrics

CleanSpark, Inc. (CLSKW) has a net interest margin (NIM) of -0.2%. NIM has been under pressure due to interest rate environment.

CleanSpark, Inc. (CLSKW) has an efficiency ratio of 13.6%. This is excellent, indicating strong cost control.

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