Cleanspark CLSK
NASDAQ CLSK
$13.67 +0.87 (+6.80%)
At close: Sep 11, 2026 · 4:00 PM EDT

Cleanspark (CLSK) Gross Margin (2014 - 2025)

Cleanspark's (CLSK) quarterly Gross Margin came in at 56.51% in Q3 2025, up 2052.0% year-over-year from 2.63% in Q3 2024, and up 3.45% quarter-over-quarter from 54.63% in Q2 2025.

Analysis

Cleanspark (CLSK) Gross Margin (2014 - 2025) Analysis & Trends

Cleanspark (CLSK) has reported Gross Margin for 11 consecutive years, with 56.51% the latest figure, recorded in Q3 2025.

  • On a quarterly basis, Gross Margin rose 2052.0% year-over-year to 56.51% in Q3 2025; TTM through Sep 2025 was 55.23%, a 110.0% decrease from a year earlier, with the FY2025 full-year figure at 55.23%, down 110.0% from the prior year.
  • Gross Margin was 56.51% for Q3 2025 at Cleanspark, up from 54.63% in the prior quarter.
  • Over five years, Gross Margin peaked at 87.33% in Q2 2021 and troughed at 26.61% in Q4 2022.
  • A 5-year average of 59.69% and a median of 56.6% in 2024 frame the typical range for Gross Margin.
  • Across the five-year window, Gross Margin jumped 7148 bps in 2021 and sank 5821 bps in 2022, its largest moves.
  • Over 5 years, Gross Margin stood at 84.82% in 2021, then sank by 69 bps to 26.61% in 2022, then jumped by 129 bps to 60.84% in 2023, then decreased by 7 bps to 56.69% in 2024, then dropped by 0 bps to 56.51% in 2025.
  • The last three Gross Margin figures came in at 56.51% (Q3 2025), 54.63% (Q2 2025), and 52.99% (Q1 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Bitmine Immersion Technologies 57.18 Bn 56.84 Bn 40.81 Mn 87.70%
2 Iren 33.35 Bn 25.78 Bn 103.89 Mn 75.71%
3 Hut 8 12.15 Bn 5.67 Bn 48.04 Mn 64.11%
4 Riot Platforms 8.12 Bn 7.57 Bn 84.97 Mn 48.77%
5 Argo Blockchain 6.30 Bn 6.30 Bn - -
6 MARA Holdings 4.58 Bn 4.22 Bn - -
7 Cleanspark 3.51 Bn 3.30 Bn - -
8 Bitdeer Technologies 2.82 Bn 2.36 Bn -8.53 Mn -3.73%
9 Keel Infrastructure 2.20 Bn 2.20 Bn -86.75 Mn -285.09%
10 HIVE Digital Technologies 831.06 Mn 592.03 Mn -29.49 Mn -37.27%
Historic Data

Historic Data

Download Data
DateValue
Sep 30, 2025 56.51%
Jun 30, 2025 54.63%
Mar 31, 2025 52.99%
Dec 31, 2024 56.69%
Sep 30, 2024 35.99%
Jun 30, 2024 56.60%
Mar 31, 2024 69.32%
Dec 31, 2023 60.84%
Sep 30, 2023 42.12%
Jun 30, 2023 54.57%
Mar 31, 2023 48.10%
Dec 31, 2022 26.61%
Sep 30, 2022 36.48%
Jun 30, 2022 66.84%
Mar 31, 2022 76.65%
Dec 31, 2021 84.82%
Sep 30, 2021 85.89%
Jun 30, 2021 87.33%
Mar 31, 2021 81.06%
Dec 31, 2020 40.96%