Cleanspark (CLSK) Operating Margin (2014 - 2025)
Cleanspark's (CLSK) quarterly Operating Margin came in at 0.37% in Q3 2025, up 7385.0% year-over-year from 0.0% in Q3 2024, and down 99.7% quarter-over-quarter from 123.92% in Q2 2025.
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Cleanspark (CLSK) Operating Margin (2014 - 2025) Analysis & Trends
Cleanspark (CLSK) has reported Operating Margin for 11 consecutive years, with 0.37% the latest figure, recorded in Q3 2025.
- On a quarterly basis, Operating Margin rose 7385.0% year-over-year to 0.37% in Q3 2025; TTM through Sep 2025 was 41.62%, a 8095.0% increase from a year earlier, with the FY2025 full-year figure at 41.62%, up 8095.0% from the prior year.
- Operating Margin was 0.37% for Q3 2025 at Cleanspark, down from 123.92% in the prior quarter.
- Over five years, Operating Margin peaked at 129.37% in Q4 2024 and troughed at 239.25% in Q2 2024.
- A 5-year average of 30.86% and a median of 34.24% in 2023 frame the typical range for Operating Margin.
- Across the five-year window, Operating Margin surged 41278 bps in 2021 and sank 20501 bps in 2024, its largest moves.
- Over 5 years, Operating Margin stood at 41.24% in 2021, then tumbled by 352 bps to 103.82% in 2022, then soared by 137 bps to 38.64% in 2023, then surged by 235 bps to 129.37% in 2024, then slumped by 100 bps to 0.37% in 2025.
- The last three Operating Margin figures came in at 0.37% (Q3 2025), 123.92% (Q2 2025), and 75.96% (Q1 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating 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 | -137.42% |
| 5 | Argo Blockchain | 6.30 Bn | 6.30 Bn | - | - |
| 6 | MARA Holdings | 4.58 Bn | 4.22 Bn | - | -297.96% |
| 7 | Cleanspark | 3.51 Bn | 3.30 Bn | - | - |
| 8 | Bitdeer Technologies | 2.82 Bn | 2.36 Bn | -8.53 Mn | -44.47% |
| 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 | -61.26% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2025 | 0.37% |
| Jun 30, 2025 | 123.92% |
| Mar 31, 2025 | -75.96% |
| Dec 31, 2024 | 129.37% |
| Sep 30, 2024 | -73.48% |
| Jun 30, 2024 | -239.25% |
| Mar 31, 2024 | 122.65% |
| Dec 31, 2023 | 38.64% |
| Sep 30, 2023 | -131.55% |
| Jun 30, 2023 | -34.24% |
| Mar 31, 2023 | -41.10% |
| Dec 31, 2022 | -103.82% |
| Sep 30, 2022 | -155.34% |
| Jun 30, 2022 | -49.36% |
| Mar 31, 2022 | 7.52% |
| Dec 31, 2021 | 41.24% |
| Sep 30, 2021 | 17.06% |
| Jun 30, 2021 | -132.35% |
| Mar 31, 2021 | -30.75% |
| Dec 31, 2020 | -273.31% |