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Cleanspark Valuation Multiples
Discover revenue and EBITDA valuation multiples for Cleanspark and similar public comparables like Bitdeer, Bitfarms, MARA Holdings, American Bitcoin and more.
Cleanspark Overview
About Cleanspark
Cleanspark Inc. is a data center developer that, until recently, focused exclusively on bitcoin mining. The company provides scalable, energy-efficient digital infrastructure across the United States. The Company has a sole reporting segment, which is the bitcoin mining segment.
Founded
1987
HQ
Employees
314
Website
Sectors
Financials (LTM)
EV
$4B
Cleanspark Financials
Cleanspark reported last 12-month revenue of $721M and EBITDA of $248M.
In the same LTM period, Cleanspark generated $362M in gross profit, $248M in EBITDA, and had net loss of ($159M).
Revenue (LTM)
Cleanspark P&L
In the most recent fiscal year, Cleanspark reported revenue of $766M and EBITDA of $763M.
Cleanspark expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $721M | XXX | $766M | XXX | XXX | XXX |
| Gross Profit | $362M | XXX | $319M | XXX | XXX | XXX |
| Gross Margin | 50% | XXX | 42% | XXX | XXX | XXX |
| EBITDA | $248M | XXX | $763M | XXX | XXX | XXX |
| EBITDA Margin | 34% | XXX | 100% | XXX | XXX | XXX |
| EBIT Margin | (19%) | XXX | 42% | XXX | XXX | XXX |
| Net Profit | ($159M) | XXX | $364M | XXX | XXX | XXX |
| Net Margin | (22%) | XXX | 48% | XXX | XXX | XXX |
| Net Debt | — | — | $778M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Cleanspark Stock Performance
Cleanspark has current market cap of $3B, and enterprise value of $4B.
Market Cap Evolution
Cleanspark's stock price is $11.94.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $4B | $3B | 0.0% | XXX | XXX | XXX | $1.43 |
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Start Free TrialCleanspark Valuation Multiples
Cleanspark trades at 4.9x EV/Revenue multiple, and 14.3x EV/EBITDA.
EV / Revenue (LTM)
Cleanspark Financial Valuation Multiples
As of April 19, 2026, Cleanspark has market cap of $3B and EV of $4B.
Equity research analysts estimate Cleanspark's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Cleanspark has a P/E ratio of (19.2x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $3B | XXX | $3B | XXX | XXX | XXX |
| EV (current) | $4B | XXX | $4B | XXX | XXX | XXX |
| EV/Revenue | 4.9x | XXX | 4.6x | XXX | XXX | XXX |
| EV/EBITDA | 14.3x | XXX | 4.7x | XXX | XXX | XXX |
| EV/EBIT | (25.8x) | XXX | 11.1x | XXX | XXX | XXX |
| EV/Gross Profit | 9.8x | XXX | 11.1x | XXX | XXX | XXX |
| P/E | (19.2x) | XXX | 8.4x | XXX | XXX | XXX |
| EV/FCF | (5.9x) | XXX | (5.9x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Cleanspark Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Cleanspark Margins & Growth Rates
Cleanspark's revenue in the last 12 month grew by 7%.
Cleanspark's revenue per employee in the last FY averaged $2.4M, while opex per employee averaged $1.4M for the same period.
Cleanspark's rule of 40 is 22% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Cleanspark's rule of X is 18% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Cleanspark Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 7% | XXX | (11%) | XXX | XXX | XXX |
| EBITDA Margin | 34% | XXX | 100% | XXX | XXX | XXX |
| EBITDA Growth | (13%) | XXX | (80%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 22% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 18% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $2.4M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $1.4M | XXX | XXX | XXX |
| G&A Expenses to Revenue | 8% | XXX | 9% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 56% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Cleanspark Public Comps
See public comps and valuation multiples for other Crypto Mining comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Cleanspark | XXX | XXX | XXX | XXX | XXX | XXX |
| Bitdeer | XXX | XXX | XXX | XXX | XXX | XXX |
| Bitfarms | XXX | XXX | XXX | XXX | XXX | XXX |
| MARA Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| American Bitcoin | XXX | XXX | XXX | XXX | XXX | XXX |
| Phoenix Group | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Cleanspark M&A Activity
Cleanspark acquired XXX companies to date.
Last acquisition by Cleanspark was on XXXXXXXX, XXXXX. Cleanspark acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Cleanspark
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialCleanspark Investment Activity
Cleanspark invested in XXX companies to date.
Cleanspark made its latest investment on XXXXXXXX, XXXXX. Cleanspark invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Cleanspark
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Cleanspark
| When was Cleanspark founded? | Cleanspark was founded in 1987. |
| Where is Cleanspark headquartered? | Cleanspark is headquartered in United States. |
| How many employees does Cleanspark have? | As of today, Cleanspark has over 314 employees. |
| Who is the CEO of Cleanspark? | Cleanspark's CEO is S. Matthew Schultz. |
| Is Cleanspark publicly listed? | Yes, Cleanspark is a public company listed on Nasdaq. |
| What is the stock symbol of Cleanspark? | Cleanspark trades under CLSK ticker. |
| When did Cleanspark go public? | Cleanspark went public in 2011. |
| Who are competitors of Cleanspark? | Cleanspark main competitors are Bitdeer, Bitfarms, MARA Holdings, American Bitcoin. |
| What is the current market cap of Cleanspark? | Cleanspark's current market cap is $3B. |
| What is the current revenue of Cleanspark? | Cleanspark's last 12 months revenue is $721M. |
| What is the current revenue growth of Cleanspark? | Cleanspark revenue growth (NTM/LTM) is 7%. |
| What is the current EV/Revenue multiple of Cleanspark? | Current revenue multiple of Cleanspark is 4.9x. |
| Is Cleanspark profitable? | Yes, Cleanspark is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Cleanspark? | Cleanspark's last 12 months EBITDA is $248M. |
| What is Cleanspark's EBITDA margin? | Cleanspark's last 12 months EBITDA margin is 34%. |
| What is the current EV/EBITDA multiple of Cleanspark? | Current EBITDA multiple of Cleanspark is 14.3x. |
| What is the current FCF of Cleanspark? | Cleanspark's last 12 months FCF is ($598M). |
| What is Cleanspark's FCF margin? | Cleanspark's last 12 months FCF margin is (83%). |
| What is the current EV/FCF multiple of Cleanspark? | Current FCF multiple of Cleanspark is (5.9x). |
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