CleanSpark, Inc.(CLSKW)Earnings, Financials & Key Ratios
CLSKW•NASDAQ•Banking & Credit
$0.34
$95M mkt cap·0.3× P/E·Price updated May 6, 2026
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 Equity18.52%+254.9%
- Net Interest Margin-0.23%-172.9%
- Efficiency Ratio13.61%-85.8%
- ROA14.16%+232.3%
- Equity / Assets68.32%-23.8%
- Book Value per Share6.85-15.7%
- Tangible BV/Share6.41-20.5%
- Debt/Equity0.38+896.8%
CLSKW Key Insights
CleanSpark, Inc. (CLSKW) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Efficient operations: 13.6% efficiency ratio
- ✓Well capitalized: 68.3% equity/assets
- ✓Diversified revenue: 99.5% from non-interest income
- ✓Trading at only 0.0x book value
✗Weaknesses
- ✗Weak NIM of -0.2%
- ✗Weak momentum: RS Rating 14 (bottom 14%)
- ✗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.
CLSKW Price & Volume
CleanSpark, Inc. (CLSKW) stock price & volume — 10-year historical chart
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CLSKW Growth Metrics
CleanSpark, Inc. (CLSKW) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years138.03%
3 Years79.94%
TTM-
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-447.56%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-911.23%
Return on Capital
10 Years-27.67%
5 Years-7.97%
3 Years-7.35%
Last Year13.74%
CLSKW Peer Comparison
CleanSpark, Inc. (CLSKW) competitors in Bitcoin Mining and Data Centers — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 MARA | 4.95B | 13.03 | -3.53 | 38.2% | -30.54% | 1.05 | ||
 RIOT | 8.98B | 23.68 | -12.14 | 71.89% | -28.78% | 0.10 | ||
 CIFR | 8.89B | 21.91 | -10.19 | 48.04% | -115.53% | 3.31 | ||
 IREN | 20.26B | 60.98 | 156.36 | 167.65% | -0.64% | 0.53 | ||
 HUT | 12.08B | 108.94 | -50.91 | -90.71% | -17.66% | 0.25 | ||
 BTBT | 621.7M | 1.93 | 9.65 | 264.59% | 21.41% | 0.03 | ||
 CORZ | 7.77B | 24.63 | -27.99 | -37.53% | -342.93% | |||
 BITF | 1.29B | 2.16 | -16.62 | 31.78% | -21.32% | 0.04 |
Compare CLSKW vs Peers
CleanSpark, Inc. (CLSKW) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
CLSKW Income Statement
CleanSpark, Inc. (CLSKW) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Sep'17 | Sep'18 | Sep'19 | Sep'20 | Sep'21 | Sep'22 | Sep'23 | Sep'24 | Sep'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Interest Income | -2.9K | -924K | -9.48M | -10.45M | 75.76K | -888K | -2.5M | 6.1M | -7.21M | -7.13M |
| NII Growth % | -8946.88% | -31817.1% | -926.41% | -10.19% | 100.72% | -1272.12% | -181.08% | 344.39% | -218.2% | -582.49% |
| Net Interest Margin % | -0.01% | -5.26% | -40.47% | -46.78% | 0.02% | -0.2% | -0.33% | 0.31% | -0.23% | -0.21% |
| Interest Income | 0 | 0 | 0 | 308.8K | 221.49K | 190.54K | 481K | 8.55M | 4.13M | 4.83M |
| Interest Expense | 2.9K | 924.45K | 9.48M | 10.76M | 145.73K | 1.08M | 2.98M | 2.46M | 11.34M | 6.08M |
| Loan Loss Provision | 293.4K | -533.68K | -5.62M | -2.85M | 26.3M | 81.08M | 136.32M | 163.06M | 331.77M | 522.53M |
| Non-Interest Income | 447.96K | 578.63K | 4.53M | 9.72M | 39.07M | 131.33M | 167.93M | 370.41M | 762.19M | 780.35M |
| Non-Interest Income % | 100% | 100% | 100% | 96.92% | 99.44% | 99.86% | 99.71% | 97.74% | 99.46% | 99.38% |
| Total Revenue | 447.96K▲ 0% | 578.63K▲ 29.2% | 4.53M▲ 683.4% | 10.03M▲ 121.2% | 39.29M▲ 291.7% | 131.53M▲ 234.8% | 168.41M▲ 28.0% | 378.97M▲ 125.0% | 766.31M▲ 102.2% | 785.19M▲ 0% |
| Revenue Growth % | 446.09% | 29.17% | 683.4% | 121.24% | 291.73% | 234.78% | 28.04% | 125.03% | 102.21% | 315.49% |
| Non-Interest Expense | 4.97M | 7.26M | 17.29M | 17.26M | 24.74M | 87.23M | 160.16M | 362.5M | 104.26M | 528.08M |
| Efficiency Ratio | 1108.57% | 1255.37% | 381.34% | 172.14% | 62.97% | 66.33% | 95.1% | 95.65% | 13.61% | 67.26% |
| Operating Income | -4.81M▲ 0% | -7.08M▼ 47.0% | -16.61M▼ 134.8% | -15.14M▲ 8.9% | -11.9M▲ 21.4% | -37.86M▼ 218.2% | -131.04M▼ 246.1% | -149.04M▼ 13.7% | 318.95M▲ 314.0% | -271.51M▲ 0% |
| Operating Margin % | -1074.64% | -1222.88% | -366.51% | -150.99% | -30.28% | -28.79% | -77.81% | -39.33% | 41.62% | -34.58% |
| Operating Income Growth % | -89.43% | -46.99% | -134.79% | 8.85% | 21.43% | -218.24% | -246.09% | -13.74% | 314% | - |
| Pretax Income | -13.5M▲ 0% | -47.01M▼ 248.2% | -26.12M▲ 44.4% | -23.35M▲ 10.6% | -8.23M▲ 64.8% | -40.09M▼ 387.2% | -131.3M▼ 227.5% | -142.43M▼ 8.5% | 403.57M▲ 383.3% | -262.56M▲ 0% |
| Pretax Margin % | -3013.42% | -8123.6% | -576.15% | -232.78% | -20.95% | -30.48% | -77.97% | -37.58% | 52.66% | -33.44% |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 2.42M | 3.34M | 39.11M | -1.52M |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0% | -1.84% | -2.35% | 9.69% | 0.58% |
| Net Income | -13.5M▲ 0% | -47.01M▼ 248.2% | -26.12M▲ 44.4% | -23.35M▲ 10.6% | -21.81M▲ 6.6% | -57.33M▼ 162.8% | -138.15M▼ 141.0% | -145.78M▼ 5.5% | 364.46M▲ 350.0% | -261.04M▲ 0% |
| Net Margin % | -3013.42% | -8123.6% | -576.15% | -232.78% | -55.52% | -43.59% | -82.03% | -38.47% | 47.56% | -33.25% |
| Net Income Growth % | -431.34% | -248.22% | 44.44% | 10.61% | 6.57% | -162.82% | -140.99% | -5.52% | 350.01% | -447.56% |
| Net Income (Continuing) | -13.5M | -47.01M | -26.12M | -23.35M | -8.23M | -40.09M | -133.72M | -145.78M | 364.46M | -261.04M |
| EPS (Diluted) | -4.20▲ 0% | -13.62▼ 224.3% | -6.25▲ 54.1% | -2.44▲ 61.0% | -0.75▲ 69.3% | -1.35▼ 80.0% | -1.35▲ 0.0% | -0.69▲ 48.9% | 1.12▲ 262.3% | -0.92▲ 0% |
| EPS Growth % | -271.68% | -224.29% | 54.11% | 60.96% | 69.26% | -80% | 0% | 48.89% | 262.32% | -911.23% |
| EPS (Basic) | -4.19 | -13.62 | -6.25 | -2.44 | -0.75 | -1.35 | -1.35 | -0.69 | 1.25 | - |
| Diluted Shares Outstanding | 3.22M | 3.45M | 4.18M | 9.55M | 29.44M | 42.61M | 102.71M | 216.86M | 317.76M | 284.33M |
CLSKW Balance Sheet
CleanSpark, Inc. (CLSKW) balance sheet — assets, liabilities & shareholders' equity
| Line item | Sep'17 | Sep'18 | Sep'19 | Sep'20 | Sep'21 | Sep'22 | Sep'23 | Sep'24 | Sep'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 57.13K | 412.78K | 7.84M | 4.09M | 38.93M | 32.22M | 86.18M | 553.8M | 1.01B | 3.32B |
| Cash & Due from Banks | 57.13K | 412.78K | 7.84M | 3.13M | 14.57M | 20.46M | 29.21M | 121.22M | 42.97M | 458.1M |
| Short Term Investments | 0 | 0 | 0 | 960K | 24.36M | 11.76M | 56.97M | 432.58M | 966.83M | 0 |
| Total Investments | 0 | 0 | 0 | 960K | 24.36M | 11.76M | 56.97M | 432.58M | 1.19B | 0 |
| Investments Growth % | - | - | - | - | 2437.35% | -51.73% | 384.54% | 659.35% | 174.97% | 370.12% |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 222.61M | 425.3M |
| Accounts Receivables | 41.95K | 34.14K | 777.72K | 859.79K | 307.07K | 27.03K | 5K | 0 | 0 | 0 |
| Goodwill & Intangibles | 20.53M | 16.92M | 13.41M | 13.93M | 20.27M | 6.49M | 12.65M | 11.08M | 137.51M | 136.56M |
| Goodwill | 4.92M | 4.92M | 4.92M | 5.9M | 12.05M | 0 | 8.04M | 8.04M | 131.66M | 131.66M |
| Intangible Assets | 15.61M | 12M | 8.49M | 8.03M | 8.22M | 6.49M | 4.6M | 3.04M | 5.85M | 4.91M |
| PP&E (Net) | 125.44K | 86.73K | 145.07K | 158.71K | 138.29M | 389.83M | 565.08M | 872.96M | 1.37B | 1.36B |
| Other Assets | 5.74K | 0 | 0 | 0 | 101.19M | 5.53M | 80.82M | 373.19M | 135.53M | 356.68M |
| Total Current Assets | 128.63K | 548.38K | 9.88M | 8.25M | 57.73M | 50.78M | 102.17M | 705.43M | 1.32B | 1.47B |
| Total Non-Current Assets | 20.66M | 17.01M | 13.55M | 14.09M | 259.75M | 401.85M | 659.41M | 1.26B | 1.86B | 1.86B |
| Total Assets | 20.79M▲ 0% | 17.56M▼ 15.6% | 23.43M▲ 33.5% | 22.34M▼ 4.7% | 317.47M▲ 1321.1% | 452.62M▲ 42.6% | 761.58M▲ 68.3% | 1.96B▲ 157.7% | 3.18B▲ 62.2% | 3.33B▲ 0% |
| Asset Growth % | -37.03% | -15.57% | 33.49% | -4.67% | 1321.09% | 42.57% | 68.26% | 157.71% | 62.21% | 264.93% |
| Return on Assets (ROA) | -50.17% | -245.15% | -127.43% | -102% | -12.84% | -14.89% | -22.76% | -10.7% | 14.16% | -7.85% |
| Accounts Payable | 143.22K | 131.72K | 848.76K | 4.53M | 6.98M | 24.66M | 65.58M | 82.99M | 15.16M | 22.12M |
| Total Debt | 231.04K | 1.06M | 3.11M | 572.46K | 1.54M | 22.22M | 16.74M | 66.95M | 824.44M | 2.53M |
| Net Debt | 173.92K | 646.71K | -4.73M | -2.55M | -13.03M | 1.76M | -12.47M | -54.27M | 781.47M | -455.56M |
| Long-Term Debt | 150K | 150K | 3.05M | 531.17K | 0 | 13.43M | 8.91M | 7.18M | 644.59M | 0 |
| Short-Term Debt | 81.05K | 909.49K | 67.47K | 0 | 0 | 7.79M | 7.3M | 58.78M | 176.57M | 2.53M |
| Other Liabilities | 0 | 0 | 0 | 0 | 674.78K | 512.19K | 0 | 0 | 0 | 1.79B |
| Total Current Liabilities | 301.29K | 1.35M | 1.5M | 5.38M | 10.06M | 34.04M | 74.06M | 187.89M | 315.76M | 139.5M |
| Total Non-Current Liabilities | 150K | 150K | 3.05M | 531.17K | 1.69M | 14.57M | 10.3M | 13.93M | 692.74M | 1.8B |
| Total Liabilities | 451.29K | 1.5M | 4.55M | 5.91M | 11.76M | 48.61M | 84.35M | 201.82M | 1.01B | 1.94B |
| Total Equity | 20.34M▲ 0% | 16.06M▼ 21.1% | 18.89M▲ 17.6% | 16.43M▼ 13.0% | 305.72M▲ 1761.1% | 404.01M▲ 32.2% | 677.23M▲ 67.6% | 1.76B▲ 160.0% | 2.18B▲ 23.5% | 1.38B▲ 0% |
| Equity Growth % | -37.72% | -21.07% | 17.62% | -13.02% | 1761.13% | 32.15% | 67.63% | 160.01% | 23.53% | 74.24% |
| Equity / Assets (Capital Ratio) | 97.83% | 91.46% | 80.59% | 73.53% | 96.3% | 89.26% | 88.92% | 89.72% | 68.32% | 41.56% |
| Return on Equity (ROE) | -50.94% | -258.29% | -149.49% | -132.23% | -13.54% | -16.15% | -25.55% | -11.96% | 18.52% | -18.88% |
| Book Value per Share | 6.32 | 4.65 | 4.52 | 1.72 | 10.38 | 9.48 | 6.59 | 8.12 | 6.85 | 4.86 |
| Tangible BV per Share | -0.06 | -0.25 | 1.31 | 0.26 | 9.70 | 9.33 | 6.47 | 8.07 | 6.41 | 4.38 |
| Common Stock | 33.41K | 3.61K | 4.68K | 17.39K | 37.39K | 55.66K | 160K | 271K | 296K | 0 |
| Additional Paid-in Capital | 40.24M | 82.99M | 111.94M | 132.81M | 444.07M | 599.9M | 1.01B | 2.24B | 2.45B | 0 |
| Retained Earnings | -19.93M | -66.94M | -93.06M | -116.4M | -138.39M | -196.05M | -332.64M | -479.22M | -125.89M | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | -5.39K | 110.11K | 226K | 418K | 0 | 0 |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -145M | 0 |
| Preferred Stock | 1K | 1K | 1K | 1.75K | 1.75K | 1.75K | 2K | 3K | 2K | 0 |
CLSKW Cash Flow Statement
CleanSpark, Inc. (CLSKW) cash flow — operating, investing & free cash flow history
| Line item | Sep'17 | Sep'18 | Sep'19 | Sep'20 | Sep'21 | Sep'22 | Sep'23 | Sep'24 | Sep'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -1.36M | -1.26M | -5.7M | -6.64M | -23.99M | 73.46M | -17.25M | -233.66M | -461.03M | -461.03M |
| Operating CF Growth % | -210.81% | 7.44% | -352.03% | -16.58% | -261.09% | 406.25% | -123.48% | -1254.8% | -97.31% | -359.29% |
| Net Income | -13.5M | -47.01M | -26.12M | -23.35M | -8.23M | -40.09M | -138.15M | -145.78M | 364.46M | -261.04M |
| Depreciation & Amortization | 3.32M | 2.23M | 3.36M | 2.84M | 9.34M | 49.16M | 120.73M | 154.61M | 348.33M | 388.42M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 857K | 0 | 0 | 29.89M |
| Other Non-Cash Items | 8.68M | 41.76M | 16.16M | 8.91M | -47.57M | -110.98M | 35.03M | -288.58M | -1.24B | -717.29M |
| Working Capital Changes | 1.22K | 250.25K | -1.09M | 2.91M | 13.93M | 143.9M | -59.85M | 16.53M | 19.5M | 37.58M |
| Cash from Investing | -126.32K | -419.23K | -673.95K | -2.38M | -229.16M | -210.98M | -331.93M | -920.4M | -305.66M | 29.88M |
| Purchase of Investments | 0 | 0 | 0 | -750K | 0 | 0 | 0 | 0 | 0 | -113.96M |
| Sale/Maturity of Investments | 0 | 0 | 0 | 0 | 1000K | 9.59K | 0 | 1000K | 0 | 1000K |
| Net Investment Activity | 0 | 0 | 0 | -750K | 1000K | 9.59K | 0 | 1000K | 0 | -112.96M |
| Acquisitions | 0 | 0 | 0 | -1.51M | 45.78K | -23.8M | -31.91M | -97.65M | 0 | 0 |
| Other Investing | -115.64K | -404K | -571.19K | -84.92K | -373.21B | 3.27M | -238.56M | -59.48M | -161M | -23.83M |
| Cash from Financing | 1.11M | 2.04M | 13.8M | 4.31M | 268.06M | 139.95M | 357.93M | 1.25B | 688.87M | 157.74M |
| Dividends Paid | 0 | 0 | 0 | 0 | -178K | -315K | -21K | -3.42M | -10.74M | -10.74M |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -145M | 0 |
| Stock Issued | 880K | 271.9K | 361.8K | 4M | 270.66M | 125.87M | 376.2M | 1.23B | 187.73M | 813K |
| Net Stock Activity | 880K | 271.9K | 361.8K | 4M | 270.66M | 125.87M | 376.2M | 1.23B | 42.73M | 813K |
| Debt Issuance (Net) | 228.78K | 1000K | 1000K | 313.7K | -1000K | 1000K | -1000K | 1000K | 1000K | -458K |
| Other Financing | 0 | 44.94K | 4.36K | 0 | 3.75M | -2.01M | -5.42M | -21.93M | -94.3M | -92.36M |
| Net Change in Cash | -379.4K▲ 0% | 355.65K▲ 193.7% | 7.43M▲ 1988.0% | -4.71M▼ 163.5% | 14.91M▲ 416.5% | 2.42M▼ 83.8% | 8.75M▲ 261.2% | 95.06M▲ 986.2% | -77.82M▼ 181.9% | -233.55M▲ 0% |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 436.53K | 57.13K | 412.78K | 7.84M | 3.13M | 18.04M | 20.46M | 29.21M | 124.28M | 0 |
| Cash at End | 57.13K | 412.78K | 7.84M | 3.13M | 18.04M | 20.46M | 29.21M | 124.28M | 46.46M | 0 |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.13M | 0 | 0 |
| Income Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Free Cash Flow | -1.5M▲ 0% | -1.68M▼ 12.3% | -6.37M▼ 279.3% | -6.76M▼ 6.1% | -252.56M▼ 3634.7% | -117.23M▲ 53.6% | -318.12M▼ 171.4% | -1.04B▼ 226.9% | -605.69M▲ 41.8% | -626.95M▲ 0% |
| FCF Growth % | -225.73% | -12.34% | -279.34% | -6.13% | -3634.73% | 53.58% | -171.36% | -226.94% | 41.76% | 45.09% |
CLSKW Banking Ratios
CleanSpark, Inc. (CLSKW) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | -50.94% | -258.29% | -149.49% | -132.23% | -13.54% | -16.15% | -25.55% | -11.96% | 18.52% | -18.88% |
| Return on Assets (ROA) | -50.17% | -245.15% | -127.43% | -102% | -12.84% | -14.89% | -22.76% | -10.7% | 14.16% | -7.85% |
| Net Interest Margin | -0.01% | -5.26% | -40.47% | -46.78% | 0.02% | -0.2% | -0.33% | 0.31% | -0.23% | -0.21% |
| Efficiency Ratio | 1108.57% | 1255.37% | 381.34% | 172.14% | 62.97% | 66.33% | 95.1% | 95.65% | 13.61% | 67.26% |
| Equity / Assets | 97.83% | 91.46% | 80.59% | 73.53% | 96.3% | 89.26% | 88.92% | 89.72% | 68.32% | 41.56% |
| Book Value / Share | 6.32 | 4.65 | 4.52 | 1.72 | 10.38 | 9.48 | 6.59 | 8.12 | 6.85 | 4.86 |
| NII Growth | -8946.88% | -31817.1% | -926.41% | -10.19% | 100.72% | -1272.12% | -181.08% | 344.39% | -218.2% | -219.26% |
| Dividend Payout | - | - | - | - | - | - | - | - | - | -1.97% |
CLSKW Frequently Asked Questions
CleanSpark, Inc. (CLSKW) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
CleanSpark, Inc. (CLSKW) grew revenue by 102.2% over the past year. This is strong growth.
CleanSpark, Inc. (CLSKW) reported a net loss of $261.0M for fiscal year 2025.
Dividend & Returns
Yes, CleanSpark, Inc. (CLSKW) pays a dividend with a yield of 10.07%. 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.
Explore More CLSKW
CleanSpark, Inc. (CLSKW) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
Historical returns with dividends reinvested
DCA Calculator
Dollar cost averaging vs lump sum
Dividend History
Yield, growth, payout safety & DRIP
Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates