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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.
1987
314
LTM Revenue $808M
LTM EBITDA $347M
$3.2B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
As of December 2025, Cleanspark reported last 12-month revenue of $808M and EBITDA of $347M.
In the same period, Cleanspark generated $453M in LTM gross profit and $318M in net income.
See Cleanspark valuation multiples based on analyst estimatesIn 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
See Cleanspark valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $808M | XXX | $766M | XXX | XXX | XXX |
| Gross Profit | $453M | XXX | $319M | XXX | XXX | XXX |
| Gross Margin | 56% | XXX | 42% | XXX | XXX | XXX |
| EBITDA | $347M | XXX | $763M | XXX | XXX | XXX |
| EBITDA Margin | 43% | XXX | 100% | XXX | XXX | XXX |
| EBIT | $282M | XXX | -$107M | XXX | XXX | XXX |
| EBIT Margin | 35% | XXX | -14% | XXX | XXX | XXX |
| Net Profit | $318M | XXX | $364M | XXX | XXX | XXX |
| Net Margin | 39% | XXX | 48% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $778M | XXX | XXX | XXX |
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Cleanspark has current market cap of $3.4B, and EV of $3.2B.
As of January 19, 2026, Cleanspark's stock price is $13.
See Cleanspark trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $3.2B | $3.4B | XXX | XXX | XXX | XXX | $1.21 |
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Start Free TrialCleanspark's trades at 4.0x EV/Revenue multiple, and 4.9x EV/EBITDA.
See valuation multiples for Cleanspark and 15K+ public compsAs of January 19, 2026, Cleanspark has market cap of $3.4B and EV of $3.2B.
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 10.7x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $3.4B | XXX | $3.4B | XXX | XXX | XXX |
| EV (current) | $3.2B | XXX | $3.2B | XXX | XXX | XXX |
| EV/Revenue | 4.0x | XXX | 4.0x | XXX | XXX | XXX |
| EV/EBITDA | 9.3x | XXX | 4.9x | XXX | XXX | XXX |
| EV/EBIT | 11.5x | XXX | -87.3x | XXX | XXX | XXX |
| EV/Gross Profit | 7.1x | XXX | n/a | XXX | XXX | XXX |
| P/E | 10.7x | XXX | 10.5x | XXX | XXX | XXX |
| EV/FCF | 15.5x | XXX | -4.3x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialCleanspark's last 12 month revenue growth is 20%
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 62% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Cleanspark's rule of X is 93% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Cleanspark and other 15K+ public comps| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 20% | XXX | 19% | XXX | XXX | XXX |
| EBITDA Margin | 43% | XXX | 82% | XXX | XXX | XXX |
| EBITDA Growth | 12% | XXX | 39% | XXX | XXX | XXX |
| Rule of 40 | 62% | XXX | 102% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 93% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $2.4M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $1.4M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 56% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Phoenix Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Exodus Movement | XXX | XXX | XXX | XXX | XXX | XXX |
| Jasmine Technology Solution | XXX | XXX | XXX | XXX | XXX | XXX |
| Advanced Blockchain | XXX | XXX | XXX | XXX | XXX | XXX |
| Bitcoin Group | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Cleanspark acquired XXX companies to date.
Last acquisition by Cleanspark was XXXXXXXX, XXXXX XXXXX XXXXXX . Cleanspark acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Start Free Trial| When was Cleanspark founded? | Cleanspark was founded in 1987. |
| Where is Cleanspark headquartered? | Cleanspark is headquartered in United States of America. |
| How many employees does Cleanspark have? | As of today, Cleanspark has 314 employees. |
| Who is the CEO of Cleanspark? | Cleanspark's CEO is Mr. S. Matthew Schultz. |
| Is Cleanspark publicy listed? | Yes, Cleanspark is a public company listed on NAS. |
| 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? | Similar companies to Cleanspark include e.g. Phoenix Group, Exodus Movement, Jasmine Technology Solution, Advanced Blockchain. |
| What is the current market cap of Cleanspark? | Cleanspark's current market cap is $3.4B |
| What is the current revenue of Cleanspark? | Cleanspark's last 12 months revenue is $808M. |
| What is the current revenue growth of Cleanspark? | Cleanspark revenue growth (NTM/LTM) is 20%. |
| What is the current EV/Revenue multiple of Cleanspark? | Current revenue multiple of Cleanspark is 4.0x. |
| 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 $347M. |
| What is Cleanspark's EBITDA margin? | Cleanspark's last 12 months EBITDA margin is 43%. |
| What is the current EV/EBITDA multiple of Cleanspark? | Current EBITDA multiple of Cleanspark is 9.3x. |
| What is the current FCF of Cleanspark? | Cleanspark's last 12 months FCF is $209M. |
| What is Cleanspark's FCF margin? | Cleanspark's last 12 months FCF margin is 26%. |
| What is the current EV/FCF multiple of Cleanspark? | Current FCF multiple of Cleanspark is 15.5x. |
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