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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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% |