How Does Cleanspark Stock Compare With Peers?
CleanSpark’s stock has posted positive returns over the past year, but how does it truly measure up against peers scaling in the dynamic crypto mining sector? A closer look reveals robust revenue growth and comparatively superior operating efficiency among its rivals. However, profitability remains elusive, with negative PE and FCF margins, and its market return, while positive, is outpaced by several high-performing competitors as of March 2, 2026.
- CLSK’s -21.2% operating margin, highest among peers, suggests superior cost control in a capital-intensive industry.
- CLSK’s 68.0% revenue growth, outpacing most peers but trailing RIOT, reflects strong expansion in mining operations.
- CLSK’s 32.0% stock gain and -11.4 PE signal investor caution, as peers like RIOT, CORZ, HUT, CIFR saw stronger returns.
Here’s how Cleanspark stacks up across size, valuation, and profitability versus key peers.
| CLSK | MARA | RIOT | CORZ | HUT | CIFR | |
|---|---|---|---|---|---|---|
| Market Cap ($ Bil) | 3.0 | 3.5 | 5.7 | 5.3 | 5.7 | 6.3 |
| Revenue ($ Bil) | 0.8 | 0.9 | 0.6 | 0.3 | 0.0 | 0.2 |
| PE Ratio | -11.4 | 3.8 | 34.8 | -6.8 | -25.3 | -7.6 |
| LTM Revenue Growth | 68.0% | 53.5% | 103.6% | -40.1% | -97.8% | 48.0% |
| LTM Operating Margin | -21.2% | -68.0% | -50.8% | -47.5% | -2104.6% | -150.7% |
| LTM FCF Margin | -133.1% | -144.0% | -256.0% | -106.0% | -5220.6% | -313.6% |
| 12M Market Return | 32.0% | -32.1% | 77.0% | 47.8% | 257.4% | 286.3% |
For more details on Cleanspark, read Buy or Sell CLSK Stock. Below we compare CLSK’s growth, margin, and valuation with peers across years
Revenue Growth Comparison
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| LTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| CLSK | 68.0% | 102.2% | 125.0% | 28.0% | |
| MARA | 53.5% | – | 69.4% | 229.1% | -26.0% |
| RIOT | 103.6% | – | 34.2% | 8.3% | 21.5% |
| CORZ | -40.1% | – | 1.6% | -21.5% | 17.6% |
| HUT | -97.8% | -97.8% | 422.0% | 48.3% | |
| CIFR | 48.0% | 48.0% | 19.3% | 4076.6% |
Operating Margin Comparison
| LTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| CLSK | -21.2% | -14.0% | -15.6% | -73.2% | |
| MARA | -68.0% | – | -71.2% | -28.5% | -99.0% |
| RIOT | -50.8% | – | -88.0% | -90.9% | -31.9% |
| CORZ | -47.5% | – | -2.4% | 3.1% | -38.2% |
| HUT | -2104.6% | -2104.6% | 69.1% | 6.1% | |
| CIFR | -150.7% | -150.7% | -65.0% | -43.7% |
PE Ratio Comparison
| LTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| CLSK | -11.4 | 7.8 | -13.7 | -8.2 | |
| MARA | 3.8 | – | 4.8 | 11.8 | -3.8 |
| RIOT | 34.8 | – | 32.0 | -36.1 | -4.2 |
| CORZ | -6.8 | – | -2.8 | -21.7 | � |
| HUT | -25.3 | -21.4 | 5.6 | 28.7 | |
| CIFR | -7.6 | -6.9 | -33.6 | -40.4 |
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