CleanSpark (NASDAQ:CLSK – Get Free Report) and BTC Digital (NASDAQ:BTCT – Get Free Report) are both finance companies, but which is the superior business? We will compare the two companies based on the strength of their profitability, dividends, risk, analyst recommendations, institutional ownership, valuation and earnings.
Profitability
This table compares CleanSpark and BTC Digital’s net margins, return on equity and return on assets.
Net Margins | Return on Equity | Return on Assets | |
CleanSpark | -46.31% | -3.64% | -3.39% |
BTC Digital | N/A | N/A | N/A |
Insider and Institutional Ownership
43.1% of CleanSpark shares are owned by institutional investors. Comparatively, 7.3% of BTC Digital shares are owned by institutional investors. 3.5% of CleanSpark shares are owned by insiders. Comparatively, 6.8% of BTC Digital shares are owned by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock will outperform the market over the long term.
Risk & Volatility
Analyst Ratings
This is a breakdown of current recommendations and price targets for CleanSpark and BTC Digital, as reported by MarketBeat.
Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
CleanSpark | 0 | 1 | 5 | 0 | 2.83 |
BTC Digital | 0 | 0 | 0 | 0 | N/A |
CleanSpark currently has a consensus price target of $18.97, suggesting a potential upside of 110.04%. Given CleanSpark’s higher probable upside, analysts clearly believe CleanSpark is more favorable than BTC Digital.
Valuation & Earnings
This table compares CleanSpark and BTC Digital”s top-line revenue, earnings per share (EPS) and valuation.
Gross Revenue | Price/Sales Ratio | Net Income | Earnings Per Share | Price/Earnings Ratio | |
CleanSpark | $342.81 million | 6.00 | -$136.59 million | N/A | N/A |
BTC Digital | $6.77 million | 0.43 | -$2.82 million | N/A | N/A |
BTC Digital has lower revenue, but higher earnings than CleanSpark.
Summary
CleanSpark beats BTC Digital on 6 of the 11 factors compared between the two stocks.
About CleanSpark
CleanSpark, Inc. operates as a bitcoin miner in the Americas. It owns and operates data centers that primarily run on low-carbon power. Its infrastructure supports Bitcoin, a digital commodity and a tool for financial independence and inclusion. The company was formerly known as Stratean Inc. and changed its name to CleanSpark, Inc. in November 2016. CleanSpark, Inc. was incorporated in 1987 and is headquartered in Henderson, Nevada.
About BTC Digital
BTC Digital Ltd. a crypto asset technology company engages in bitcoin mining business. It is also involved in mining machines resale and rental business. The company was formerly known as Meten Holding Group Ltd. and changed its name to BTC Digital Ltd. in August 2023. The company was founded in 2006 and is headquartered in Shenzhen, China.
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