Last reviewed
2026-06-21
Mining data is a dated snapshot. Hashrate and energy figures are approximate.
BTC MiningNasdaq Global Select MarketCLSK
CleanSpark Inc.
7.4/10Overall score = 7.0*25% + 9.0*20% + 6.0*15% + 6.5*15% + 7.5*10% + 8.0*15% = 7.375. Weights: hashrate 25%, energy 20%, BTC held 15%, revenue 15%, dilution 10%, management 15%.
Key Metrics
Hashrate
50.0 EH/s
Global Major (>30 EH/s)
BTC Held
₿13,561
₿0.00005290/share
Market Cap
$4.42B
Nasdaq Global Select Market
Share Price
$17.21
Nasdaq Global Select Market
Revenue TTM
$720.0M
Trailing twelve months
Renewable Energy
86%
Green Energy
Grid Energy
14%
Non-renewable mix
Overall Score
7.4/10
Composite rating
Last reviewed
2026-06-21
Manual review date
Score Breakdown
Methodology: Overall score = 7.0*25% + 9.0*20% + 6.0*15% + 6.5*15% + 7.5*10% + 8.0*15% = 7.375. Weights: hashrate 25%, energy 20%, BTC held 15%, revenue 15%, dilution 10%, management 15%.
View full scoring methodology →SCORE FINGERPRINT · 6 FACTORS
The score as a shape.
Each spoke is one of the six sub-factors behind CLSK's 7.4/10, plotted 0–10 and ordered by methodology weight. The filled shape is the company's profile. Two miners can share an overall score and still have opposite shapes — a balanced hexagon is a different bet than a spike on one axis with thin edges everywhere else. CLSK is strongest on energy mix (9/10) and thinnest on btc treasury (6/10).
CLSK profileStrong tier (8–10)Factor ≥ 7Factor < 5
Each axis is a 0–10 sub-score from the Pledge mining methodology; spokes ordered by factor weight (w%). Dashed ring = the 8–10 strong tier. The weighted composite is 7.4/10. Scores are a dated editorial assessment, not investment advice.
Hashrate & Scale
Total Hashrate
50.0 EH/s
Tier
Global Major (>30 EH/s)
Self-Mined BTC (TTM)
₿8,000
Share Price
$17.21
Shares Outstanding
256,599,199
Energy & Sustainability
86% RenewableGreen Energy14% grid mix
solar 55%
hydro 19%
wind 12%
grid mix 14%
BTC Treasury
Total BTC Held
₿13,561
BTC per Share
₿0.00005290
BTC Holdings Score
6.0/10
Financial Health
Market Cap
$4.42B
Revenue (TTM)
$720.0M
Total Debt
$310.0M
Share Price
$17.21
Shares Outstanding
256,599,199
Revenue Score
6.5/10
LEVERAGE0.4xdebt ÷ revenue (TTM)
BTC CUSHION4.59xcoin value ÷ debt · illustrative spot
Debt is not an explicit factor in the composite score; these ratios surface the leverage and bitcoin-cushion read directly. BTC cushion uses an illustrative spot, not a live quote.
Dilution & Equity Structure
Total Debt
$310.0M
Dilution Score
7.5/10
CleanSpark has accessed ATM programs during 2024–2025 to fund rapid infrastructure expansion. Share count has grown but the company maintains a relatively conservative debt profile compared to peers.
Highlights
- +Approximately 86% of energy from renewable sources, the highest renewable percentage among the 8 mining peers in this dataset.
- +Reached ~47.3 EH/s average / 50.0 EH/s peak operational hashrate by March 2026, more than doubling output over the prior year.
- +Holds 13,561 BTC on its balance sheet as of March 31, 2026 — among the larger pure-play mining treasuries.
- +Total debt of only ~$310M — among the lowest debt loads in the peer set, indicating a relatively strong balance sheet.
- +Management has demonstrated efficient capital allocation and operational execution in Georgia.
Considerations
- !BTC held on balance sheet (13,561) trails the largest peers (MARA at 35,303; RIOT at 15,679).
- !Share count has grown through ATM programs, contributing to dilution (~256.6M shares as of March 2026).
- !Geographic concentration in Georgia limits geographic diversification.
- !Rapid expansion to ~50 EH/s in a short period carries execution risk.
- !Revenue is heavily influenced by BTC price and would decline significantly in lower-BTC environments.
Best For
Investors prioritizing clean energy profiles and strong balance sheets in a public BTC mining equity, with moderate tolerance for some dilution.
Evidence
Why trust this view
Verification
Sources
4 cited
Each data point is traced back to a named source listed below.
How we score
Mining methodology
Open the scoring rules before relying on a ranking.
Boundary
Not investment advice
Pledge provides comparison data for educational purposes only.
Sources
verifiedSEC Filing
CleanSpark March 2026 operational update (8-K)
Official update discloses ~47.3 EH/s average / 50.0 EH/s peak operational hashrate and 13,561 BTC held as of March 31, 2026 (HODL value ~$925.2M).
https://www.sec.gov/Archives/edgar/data/0000827876/000119312526216866/clsk-ex99_1.htm ↗verifiedSEC Filing
CleanSpark Q1 FY2026 Form 10-Q
Quarterly report discloses 256,599,199 shares outstanding (basic) as of March 31, 2026, debt, energy mix, and operational results.
https://www.sec.gov/Archives/edgar/data/0000827876/000119312526217036/clsk-20260331.htm ↗partialMarket Data
StockAnalysis CLSK statistics
Market data snapshot for share price, shares outstanding, market capitalization, and valuation metrics; treated as partial due to potential delay.
https://stockanalysis.com/stocks/clsk/statistics/ ↗partialResearch
CoinGecko CLSK BTC treasury
Research treasury profile tracks CLSK BTC holdings, BTC per share, estimated market value, ticker, and company details.
https://www.coingecko.com/en/treasuries/cleanspark ↗Notes
Hashrate (~47.3 avg / 50.0 peak EH/s) and BTC holdings (13,561) from the CleanSpark March 2026 operational update (period ending March 31, 2026). Shares outstanding (256,599,199 basic) from the Q1 FY2026 10-Q. Energy mix (86% renewable) from company disclosures. Market data (share price ~$17.21) from June 2026 snapshots and delayed/estimated. Not investment advice.
Not investment advice. Pledge provides comparison data for educational purposes only. This snapshot was checked 2026-06-21. Past performance does not guarantee future results.
Affiliate disclosure. Pledge currently does not earn affiliate or referral fees from any product listed on this page. If that changes, monetized links will carry a clear ↗ AFFILIATE marker.
Mining metrics. Hashrate, energy mix, and BTC treasury figures are based on reported data and may not reflect current holdings or operational status.
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Not investment advice. Pledge provides comparison data for educational purposes only; it is not financial, investment, legal, or tax advice. Listed rates, terms, and scores can change and Pledge does not guarantee future availability, pricing, approval, or outcomes. Verify current terms with official sources before acting.
Affiliate disclosure. Pledge currently has no affiliate links, referral fees, or sponsored placements. If a paid relationship is ever added, it will be disclosed inline where it appears — and it will not affect rankings or scores.