CLSK vs BMNR Stock Comparison

Cleanspark and Bitmine Immersion Technologies Prices as of Oct 27, 2026 Peers: Industry group
CLSK Cleanspark, Inc.
$8.19 -41.3% 1M -59.5% 1Y
Market cap
$2.28B
P/E
–
Revenue (TTM)
—
Div. yield
–
Crypto Mining Technology
2 wins

Head to Head

4 decided of 12

Bitmine Immersion Technologies leads on 2 of the 12 questions below (Bitmine Immersion Technologies 2, Cleanspark 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionCLSKBMNRLeader
Larger companyMarket capitalisation $2.28B $12.03B BMNR
Cheaper on earningsLower P/E, profitable companies only -2.2x -1.4x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS — — –
Faster revenue growthRevenue growth, trailing twelve months — +1,022.4% –
More profitableNet margin, trailing twelve months — -14,334.2% –
Better return on capitalReturn on invested capital -32.9% — –
Less leveragedLower net debt / EBITDA -3.6x — –
Higher dividend yieldTrailing dividend yield 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -59.5% -59.7% CLSK
Better 5-year returnAnnualised price return, 5 years -16.1%/yr — –
Less volatileAnnualised volatility, 1 year 89.9% 89.6% BMNR
Higher overall scoreMean of the five percentile scores vs peers 35/100 28/100 CLSK

Percentile Scorecard

CLSKBMNR

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisCLSKBMNR
Valuation 22 #77 of 99 15 #84 of 99
Growth 2 #92 of 94 14 #81 of 94
Profitability 17 #75 of 90 10 #81 of 90
Financial Health 36 #68 of 105 99 #2 of 105
Shareholder Returns 97 #3 of 61 0 #61 of 61
Overall 35 28
  • CLSK ranked among 109 companies in Fintech
  • BMNR ranked among 109 companies in Fintech

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodCLSKBMNRSPY
1 month -41.3%-21.5% -0.2%
3 months -39.2%+23.0% +3.9%
6 months -30.5%+0.7% +8.2%
Year to date -19.1%-20.3% +12.9%
1 year -59.5%-59.7% +12.3%
3 years +97.3%— +87.4%
3 years, per year +25.5%— +23.3%
5 years -58.4%— +67.9%
5 years, per year -16.1%— +10.9%

Risk

MeasureCLSKBMNRSPY
Volatility, 1Y 89.9%89.6% 12.7%
Downside volatility, 1Y 88.1%88.3% 12.7%
Beta vs S&P 500, 1Y 3.563.84 1.00
Return / volatility, 1Y -0.66-0.67 0.97
Max drawdown, 5Y -92.0%-90.1% -25.4%
From 52-week high -59.5%-59.7% -1.2%
52-week high $20.20$53.71 $779.14
52-week low $7.77$13.31 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleCLSKBMNR
P/E now vs peer median -2.1xmedian 20.0x -1.4xmedian 20.0x
P/S now vs peer median —median 2.3x 204.9xmedian 2.3x
EV/EBITDA now vs peer median -8.2xmedian 17.5x -1.4xmedian 17.5x
P/FCF now vs peer median -3.4xmedian 15.9x -42.6xmedian 15.9x
P/B now vs peer median 2.8xmedian 2.0x 1.1xmedian 2.0x
PEG now vs peer median 0.03median 1.03 0.01median 1.03

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsCLSKBMNR
Revenue – $61.19M
Gross profit – $51.63M
Operating income -$893.80M -$8.88B
Net income -$997.82M -$8.75B
Free cash flow -$620.00M -$294.56M
EPS (diluted) $-3.83 $-19.76
Cash & equivalents $206.34M $340.29M
Total debt $1.81B –
Shares (diluted) 268.43M 443.95M
Enterprise value $1.30B $9.41B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricCLSKBMNR
P/E -2.1x -1.4x
P/FCF -3.4x -42.6x
P/Operating cash flow -4.0x -42.8x
P/S – 204.9x
P/B 2.8x 1.1x
P/Tangible book 3.2x 17.2x
EV/EBITDA -8.2x -1.4x
EV/EBIT -4.2x -1.4x
EV/Revenue – 199.3x
EV/FCF -6.0x -41.4x
EV/Operating cash flow -7.0x -41.6x
PEG (3Y EPS CAGR) 0.03 0.01

Growth

14 metrics
MetricCLSKBMNR
Revenue growth (1Y) – 1,022%
Revenue CAGR (3Y) – 409.8%
Gross profit growth (1Y) – 4,925%
Gross profit CAGR (3Y) – 915.3%
Operating income growth (1Y) -454.0% -303,259%
Operating income CAGR (3Y) -105.8% -1,575%
Net income growth (1Y) -429.1% -245,329%
Net income CAGR (3Y) -112.5% -1,536%
EPS growth (1Y) -526.4% -507.2%
EPS CAGR (3Y) -61.7% -189.0%
Operating cash flow growth (1Y) -24.6% -18,616%
Operating cash flow CAGR (3Y) -150.7% -465.8%
Free cash flow growth (1Y) -335.4% -18,922%
Free cash flow CAGR (3Y) -345.1% -369.4%

Profitability

14 metrics
MetricCLSKBMNR
Gross margin – 84.4%
EBITDA margin – -14,504%
Operating margin – -14,505%
Pretax margin – -14,307%
Net margin – -14,334%
FCF margin – -481.4%
Operating cash flow margin – -479.0%
Return on equity -118.0% -81.6%
Return on assets -36.7% -81.3%
Return on invested capital -32.9% –
Return on capital employed -33.7% -82.6%
Asset turnover – 0.0x
Cash conversion (OCF / net income) 0.5x 0.0x
Stock comp / revenue – 24.6%

Financial Health

11 metrics
MetricCLSKBMNR
Debt / assets 67.1% –
Debt / equity 2.4x –
Net debt / EBITDA -3.6x –
Debt / FCF -2.9x –
Liabilities / assets 71.8% 0.3%
Equity / assets 28.2% 99.7%
Interest coverage -69.6x –
Current ratio 5.9x 36.7x
Quick ratio 1.3x 28.0x
Cash ratio 1.3x 28.0x
Altman Z-score – 246.17

Shareholder Returns

7 metrics
MetricCLSKBMNR
Dividend yield – 0.0%
Net buyback yield 43.8% -99.4%
Shareholder yield 43.8% -99.4%
Payout ratio (earnings) – –
Payout ratio (FCF) – –
Dividend growth (1Y) – –
Dividend CAGR (3Y) – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusCLSKBMNR
EPS, next fiscal year $-3.99FY2026 $-22.41FY2026
EPS growth, next FY -456.3%FY2026 -267.4%FY2026
Revenue, next fiscal year $557.36MFY2026 $127.50MFY2026
Revenue growth, next FY -27.3%FY2026 +1,990.2%FY2026
Revenue growth, the year after +17.3% +380.0%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersCLSKBMNR
Held by institutions 86.1% 42.5%
Institutions holding 409 438
Change in shares held, QoQ +9.5% +24.4%
Institutions buying 231 276
Institutions selling 114 93
Buyers to sellers 2.03 2.97

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

CLSKBMNR
CLSK 1.00 0.69
BMNR 0.69 1.00

Add a Peer

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Frequently Asked Questions

Which is bigger, CLSK and BMNR?

Bitmine Immersion Technologies (BMNR) is the largest by market capitalisation: Cleanspark (CLSK) $2.28B, Bitmine Immersion Technologies (BMNR) $12.03B.

Which stock has performed better?

Over the past year Cleanspark (CLSK) returned the most: Cleanspark (CLSK) -59.5%, Bitmine Immersion Technologies (BMNR) -59.7%. Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Bitmine Immersion Technologies (BMNR) has been the steadiest (Cleanspark (CLSK) 89.9%, Bitmine Immersion Technologies (BMNR) 89.6%). Volatility measures how widely the price swings, not the risk of the business.

Do CLSK and BMNR move together?

Their daily returns over the past year have a correlation of 0.69, a moderate positive relationship. Holding both diversifies more than two closely linked stocks would.

Which is the better stock, CLSK and BMNR?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Bitmine Immersion Technologies (BMNR) leads on 2. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.