Cleanspark (CLSK) EBITDA Margin (2014 - 2025)
Cleanspark's (CLSK) quarterly EBITDA Margin came in at 48.31% in Q3 2025, up 6436.0% year-over-year from 0.74% in Q3 2024, and down 70.9% quarter-over-quarter from 166.05% in Q2 2025.
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Cleanspark (CLSK) EBITDA Margin (2014 - 2025) Analysis & Trends
Cleanspark (CLSK) has reported EBITDA Margin for 11 consecutive years, with 48.31% the latest figure, recorded in Q3 2025.
- On a quarterly basis, EBITDA Margin rose 6436.0% year-over-year to 48.31% in Q3 2025; TTM through Sep 2025 was 85.2%, a 9299.0% increase from a year earlier, with the FY2025 full-year figure at 86.53%, up 8562.0% from the prior year.
- EBITDA Margin was 48.31% for Q3 2025 at Cleanspark, down from 166.05% in the prior quarter.
- Over five years, EBITDA Margin peaked at 169.5% in Q4 2024 and troughed at 232.28% in Q2 2024.
- A 5-year average of 10.17% and a median of 7.86% in 2023 frame the typical range for EBITDA Margin.
- Across the five-year window, EBITDA Margin surged 43422 bps in 2021 and slumped 24476 bps in 2024, its largest moves.
- Over 5 years, EBITDA Margin stood at 58.66% in 2021, then tumbled by 162 bps to 36.15% in 2022, then jumped by 317 bps to 78.39% in 2023, then soared by 116 bps to 169.5% in 2024, then plunged by 71 bps to 48.31% in 2025.
- The last three EBITDA Margin figures came in at 48.31% (Q3 2025), 166.05% (Q2 2025), and 33.07% (Q1 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Bitmine Immersion Technologies | 57.18 Bn | 56.84 Bn | 40.81 Mn | -25.50% |
| 2 | Iren | 33.35 Bn | 25.78 Bn | 103.89 Mn | -452.09% |
| 3 | Hut 8 | 12.15 Bn | 5.67 Bn | 48.04 Mn | -275.36% |
| 4 | Riot Platforms | 8.12 Bn | 7.57 Bn | 84.97 Mn | -81.98% |
| 5 | Argo Blockchain | 6.30 Bn | 6.30 Bn | - | - |
| 6 | MARA Holdings | 4.58 Bn | 4.22 Bn | - | -201.32% |
| 7 | Cleanspark | 3.51 Bn | 3.30 Bn | - | - |
| 8 | Bitdeer Technologies | 2.82 Bn | 2.36 Bn | -8.53 Mn | 13.60% |
| 9 | Keel Infrastructure | 2.20 Bn | 2.20 Bn | -86.75 Mn | -462.62% |
| 10 | HIVE Digital Technologies | 831.06 Mn | 592.03 Mn | -29.49 Mn | 6.59% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2025 | 48.31% |
| Jun 30, 2025 | 166.05% |
| Mar 31, 2025 | -33.07% |
| Dec 31, 2024 | 169.50% |
| Sep 30, 2024 | -16.05% |
| Jun 30, 2024 | -232.28% |
| Mar 31, 2024 | 150.97% |
| Dec 31, 2023 | 78.39% |
| Sep 30, 2023 | -21.71% |
| Jun 30, 2023 | 12.49% |
| Mar 31, 2023 | 7.86% |
| Dec 31, 2022 | -36.15% |
| Sep 30, 2022 | -94.61% |
| Jun 30, 2022 | -3.21% |
| Mar 31, 2022 | 35.58% |
| Dec 31, 2021 | 58.66% |
| Sep 30, 2021 | 39.36% |
| Jun 30, 2021 | -114.85% |
| Mar 31, 2021 | -22.05% |
| Dec 31, 2020 | -263.39% |