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CleanSpark, Inc. operates as a bitcoin mining company in the Americas. The company owns, leases, and operates data centers and power assets. Its infrastructure supports Bitcoin, a digital commodity. 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.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $766M | $763M | $364M | $-1.0B | 16.8% | 102.2% | -350.0% |
| 2024 | $379M | $15M | $-146M | $-1.0B | -8.3% | 125.0% | 5.5% |
| 2023 | $168M | $-8M | $-138M | $-318M | -20.4% | 28.0% | 141.0% |
| 2022 | $132M | $10M | $-57M | $-117M | -14.2% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 131.52 | 168.41 | 378.97 | 766.31 |
| Cost Of Revenue | - | 82.15 | 139.29 | 239.61 | 447.48 |
| Gross Profit | - | 49.37 | 29.11 | 139.36 | 318.83 |
| Operating Expense | - | 65.94 | 152.42 | 198.60 | 425.87 |
| Operating Income | - | -16.57 | -123.31 | -59.24 | -107.03 |
| EBITDA | - | 10.03 | -7.60 | 14.63 | 763.24 |
| EBIT | - | -39.01 | -128.33 | -139.98 | 414.91 |
| Pretax Income | - | -40.09 | -131.30 | -142.43 | 403.58 |
| Tax Provision | - | 0 | 2.42 | 3.34 | 39.11 |
| Net Income | - | -57.33 | -138.15 | -145.78 | 364.46 |
| Net Income Common Stockholders | - | -57.66 | -138.15 | -149.20 | 353.32 |
| Total Expenses | - | 148.09 | 291.71 | 438.21 | 873.35 |
| Interest Expense | - | 1.08 | 2.98 | 2.46 | 11.34 |
| Interest Income | - | 0.19 | 0.48 | 8.56 | 4.12 |
| Selling General And Administration | - | 16.89 | 31.69 | 43.99 | 66.41 |
| Normalized EBITDA | - | 32.98 | -2.09 | 105.40 | 338.81 |
| Normalized Income | - | -17.15 | -129.36 | -74.07 | -18.80 |
| Market Cap | 3,263.41 | 3,263.41 | 3,263.41 | 3,263.41 | 3,263.41 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| CleanSpark, Inc.this co. | CLSK | $3.7B | 8.95↓ discount | 1.50 | 16.8% | 5.30 |
| Fulton Financial Corporation | FULT | $4.0B | 10.53 | 1.25 | 11.9% | - |
| PJT Partners Inc. | PJT | $3.9B | 33.69 | 19.69 | 58.4% | 15.08 |
| WSFS Financial Corporation | WSFS | $3.8B | 12.96 | 1.36 | 10.5% | - |
| Cathay General Bancorp | CATY | $3.8B |
| - |
| - |
| - |
| - |
| - |
| 11.57 |
| 1.25 |
| 10.8% |
| - |
| Banc of California, Inc. | BANC | $3.6B | 12.67 | 0.95 | 7.5% | - |
| First Interstate BancSystem, Inc. | FIBK | $3.6B | 11.23 | 0.98 | 8.8% | - |
| Cohen & Steers, Inc. | CNS | $3.5B | 22.71 | 6.19 | 27.3% | 16.42 |
| BankUnited, Inc. | BKU | $3.5B | 12.54 | 1.10 | 8.8% | - |
| Peer Median | - | 12.60 | 1.25 | 10.6% | 15.75 | |