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CleanSpark Inc (CLSK)



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Upturn Advisory Summary
09/15/2025: CLSK (3-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $20.16
1 Year Target Price $20.16
5 | Strong Buy |
4 | Buy |
1 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 57.89% | Avg. Invested days 36 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 2.91B USD | Price to earnings Ratio 12.03 | 1Y Target Price 20.16 |
Price to earnings Ratio 12.03 | 1Y Target Price 20.16 | ||
Volume (30-day avg) 10 | Beta 3.66 | 52 Weeks Range 6.45 - 17.97 | Updated Date 09/15/2025 |
52 Weeks Range 6.45 - 17.97 | Updated Date 09/15/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 0.86 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 47.98% | Operating Margin (TTM) 124% |
Management Effectiveness
Return on Assets (TTM) 7.14% | Return on Equity (TTM) 17.09% |
Valuation
Trailing PE 12.03 | Forward PE 10.14 | Enterprise Value 2813527003 | Price to Sales(TTM) 4.6 |
Enterprise Value 2813527003 | Price to Sales(TTM) 4.6 | ||
Enterprise Value to Revenue 4.45 | Enterprise Value to EBITDA 4.49 | Shares Outstanding 281083008 | Shares Floating 272476609 |
Shares Outstanding 281083008 | Shares Floating 272476609 | ||
Percent Insiders 3.05 | Percent Institutions 63.93 |
Upturn AI SWOT
CleanSpark Inc

Company Overview
History and Background
CleanSpark Inc. was founded in 2014 and initially focused on providing software and controls for microgrid and distributed energy resource applications. Over time, the company shifted its focus primarily to Bitcoin mining, while also maintaining its energy segment.
Core Business Areas
- Digital Currency Mining: CleanSpark operates Bitcoin mining facilities. The company focuses on sustainable energy sources to power its mining operations.
- Energy: CleanSpark provides engineering, design, and deployment solutions that create advanced power systems, primarily for enterprise customers. This includes microgrid solutions.
Leadership and Structure
The CEO of CleanSpark is Zach Bradford. The organizational structure includes departments for mining operations, energy solutions, finance, and technology.
Top Products and Market Share
Key Offerings
- Bitcoin Mining: CleanSpark's primary offering is Bitcoin mining services. Market share fluctuates, but the company aims to increase its hash rate and Bitcoin holdings. Competitors include Marathon Digital Holdings (MARA) and Riot Platforms (RIOT).
- Microgrid Solutions: CleanSpark designs and deploys microgrid solutions for commercial and industrial customers. Market share information is less readily available for this segment, but competition includes Siemens (SIEGY) and Schneider Electric (SBGSY).
Market Dynamics
Industry Overview
The Bitcoin mining industry is competitive and subject to Bitcoin price volatility and changes in mining difficulty. The microgrid solutions industry is growing, driven by demand for reliable and sustainable energy.
Positioning
CleanSpark aims to be a leader in sustainable Bitcoin mining and microgrid solutions. Its focus on energy efficiency and renewable energy sources differentiates it from some competitors.
Total Addressable Market (TAM)
The TAM for Bitcoin mining is linked to the overall cryptocurrency market capitalization, which is estimated to be in the trillions. The TAM for microgrids is projected to be in the billions, with CleanSpark focused on a niche within that total market.
Upturn SWOT Analysis
Strengths
- Focus on sustainable Bitcoin mining
- Experience in energy solutions
- Strong leadership team
- Efficient mining operations
Weaknesses
- Dependence on Bitcoin price
- Relatively smaller scale compared to some competitors
- High energy consumption
Opportunities
- Expansion of mining operations
- Growth in the microgrid market
- Partnerships with renewable energy providers
- Increased adoption of Bitcoin
Threats
- Bitcoin price volatility
- Increased mining difficulty
- Regulatory changes
- Competition from larger mining companies
Competitors and Market Share
Key Competitors
- MARA
- RIOT
- HUT
Competitive Landscape
CleanSpark competes with larger and smaller Bitcoin mining companies. Its focus on sustainability and energy efficiency provides a competitive advantage.
Major Acquisitions
ATL Data Centers
- Year: 2021
- Acquisition Price (USD millions): 19.4
- Strategic Rationale: Expanded Bitcoin mining capacity and infrastructure.
Growth Trajectory and Initiatives
Historical Growth: Historical growth has been driven by the expansion of Bitcoin mining operations and acquisitions.
Future Projections: Future growth is projected to be driven by increased Bitcoin mining capacity and continued expansion in the microgrid market.
Recent Initiatives: Recent initiatives include expansion of mining facilities and investments in renewable energy infrastructure.
Summary
CleanSpark is a growing company in the Bitcoin mining and microgrid solutions industries. Its focus on sustainability and energy efficiency positions it well for the future. Bitcoin price volatility and regulatory changes remain key risks to watch. CleanSpark's recent expansion shows great potential for growth. However, they must watch out for larger mining companies as competitors.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Website
- SEC Filings
- Yahoo Finance
- Third-party Industry Reports
Disclaimers:
The information provided is for informational purposes only and should not be considered investment advice. Market share data is approximate and may vary depending on the source. Financial data may be outdated.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About CleanSpark Inc
Exchange NASDAQ | Headquaters Henderson, NV, United States | ||
IPO Launch date 2016-01-29 | CEO & Chairman Mr. S. Matthew Schultz | ||
Sector Financial Services | Industry Capital Markets | Full time employees 256 | Website https://www.cleanspark.com |
Full time employees 256 | Website https://www.cleanspark.com |
CleanSpark, Inc. operates as a bitcoin mining company in the Americas. It owns and operates data centers. 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.

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