CleanSpark Inc
CleanSpark, Inc. operates as a bitcoin mining company in the Americas. The company owns, leases, and operates data centers and power assets. Its infrastructure supports Bitcoin, a digital commodity. 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.
CleanSpark Inc (CLSK) - Net Assets
Latest net assets as of December 2025: $1.38 Billion USD
Based on the latest financial reports, CleanSpark Inc (CLSK) has net assets worth $1.38 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($3.33 Billion) and total liabilities ($1.94 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.38 Billion |
| % of Total Assets | 41.56% |
| Annual Growth Rate | N/A |
| 5-Year Change | 611.49% |
| 10-Year Change | 6559.48% |
| Growth Volatility | 1249.96 |
CleanSpark Inc - Net Assets Trend (2010–2025)
This chart illustrates how CleanSpark Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for CleanSpark Inc (2010–2025)
The table below shows the annual net assets of CleanSpark Inc from 2010 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-09-30 | $2.18 Billion | +23.53% |
| 2024-09-30 | $1.76 Billion | +160.01% |
| 2023-09-30 | $677.23 Million | +67.63% |
| 2022-09-30 | $404.01 Million | +32.15% |
| 2021-09-30 | $305.72 Million | +1761.13% |
| 2020-09-30 | $16.43 Million | -13.02% |
| 2019-09-30 | $18.89 Million | +17.62% |
| 2018-09-30 | $16.06 Million | -21.07% |
| 2017-09-30 | $20.34 Million | -37.72% |
| 2016-09-30 | $32.66 Million | +4186.60% |
| 2015-09-30 | $761.96K | +7.58% |
| 2014-09-30 | $708.27K | +772.63% |
| 2013-09-30 | $-105.30K | -31.21% |
| 2012-09-30 | $-80.25K | -21.73% |
| 2011-09-30 | $-65.93K | -55.15% |
| 2010-09-30 | $-42.49K | -- |
Equity Component Analysis
This analysis shows how different components contribute to CleanSpark Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 12566881900.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (September 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $296.00K | 0.01% |
| Other Components | $2.30 Billion | 105.77% |
| Total Equity | $2.18 Billion | 100.00% |
CleanSpark Inc Competitors by Market Cap
The table below lists competitors of CleanSpark Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kingboard Holdings Limited
F:KGZ
|
$2.50 Billion |
|
Autohome Inc
NYSE:ATHM
|
$2.50 Billion |
|
IGM Financial Inc.
PINK:IGIFF
|
$2.50 Billion |
|
ADEIA CORP
NASDAQ:ADEA
|
$2.50 Billion |
|
XJ Electric Co Ltd
SHE:000400
|
$2.50 Billion |
|
United Tractors Tbk PT
JK:UNTR
|
$2.49 Billion |
|
Shenzhen MTC Co Ltd
SHE:002429
|
$2.49 Billion |
|
Central Puerto S.A.
NYSE:CEPU
|
$2.49 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in CleanSpark Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,760,841,000 to 2,175,127,000, a change of 414,286,000 (23.5%).
- Net income of 364,464,000 contributed positively to equity growth.
- Dividend payments of 10,744,000 reduced retained earnings.
- Share repurchases of 145,000,000 reduced equity.
- New share issuances of 186,808,000 increased equity.
- Other comprehensive income decreased equity by 418,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $364.46 Million | +16.76% |
| Dividends Paid | $10.74 Million | -0.49% |
| Share Repurchases | $145.00 Million | -6.67% |
| Share Issuances | $186.81 Million | +8.59% |
| Other Comprehensive Income | $-418.00K | -0.02% |
| Other Changes | $19.18 Million | +0.88% |
| Total Change | $- | 23.53% |
Book Value vs Market Value Analysis
This analysis compares CleanSpark Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.48x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-09-30 | $-0.10 | $10.11 | x |
| 2009-09-30 | $-0.11 | $10.11 | x |
| 2010-09-30 | $-0.15 | $10.11 | x |
| 2011-09-30 | $-0.23 | $10.11 | x |
| 2012-09-30 | $-0.28 | $10.11 | x |
| 2013-09-30 | $-0.37 | $10.11 | x |
| 2014-09-30 | $0.66 | $10.11 | x |
| 2015-09-30 | $0.40 | $10.11 | x |
| 2016-09-30 | $14.50 | $10.11 | x |
| 2017-09-30 | $6.32 | $10.11 | x |
| 2018-09-30 | $4.65 | $10.11 | x |
| 2019-09-30 | $4.52 | $10.11 | x |
| 2020-09-30 | $1.72 | $10.11 | x |
| 2021-09-30 | $10.38 | $10.11 | x |
| 2022-09-30 | $9.48 | $10.11 | x |
| 2023-09-30 | $6.59 | $10.11 | x |
| 2024-09-30 | $8.12 | $10.11 | x |
| 2025-09-30 | $6.85 | $10.11 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently CleanSpark Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 16.76%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 47.56%
- • Asset Turnover: 0.24x
- • Equity Multiplier: 1.46x
- Recent ROE (16.76%) is above the historical average (-63.57%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 0.00% | 0.00% | 0.00x | 0.00x | $-20.96K |
| 2009 | 0.00% | 0.00% | 0.00x | 0.00x | $-28.15K |
| 2010 | 0.00% | 0.00% | 0.00x | 0.00x | $-14.60K |
| 2011 | 0.00% | 0.00% | 0.00x | 0.00x | $-12.25K |
| 2012 | 0.00% | 0.00% | 0.00x | 0.00x | $-11.72K |
| 2013 | 0.00% | 0.00% | 0.00x | 0.00x | $-21.24K |
| 2014 | -6.37% | -1766.93% | 0.00x | 1.08x | $-115.97K |
| 2015 | -457.37% | 0.00% | 0.00x | 1.07x | $-3.56 Million |
| 2016 | -7.78% | -3097.08% | 0.00x | 1.01x | $-5.81 Million |
| 2017 | -66.36% | -3013.42% | 0.02x | 1.02x | $-15.53 Million |
| 2018 | -292.76% | -8123.60% | 0.03x | 1.09x | $-48.61 Million |
| 2019 | -138.29% | -576.15% | 0.19x | 1.24x | $-28.01 Million |
| 2020 | -142.13% | -232.78% | 0.45x | 1.36x | $-24.99 Million |
| 2021 | -7.13% | -55.52% | 0.12x | 1.04x | $-52.38 Million |
| 2022 | -14.19% | -43.59% | 0.29x | 1.12x | $-97.73 Million |
| 2023 | -20.40% | -82.03% | 0.22x | 1.12x | $-205.87 Million |
| 2024 | -8.28% | -38.47% | 0.19x | 1.11x | $-321.86 Million |
| 2025 | 16.76% | 47.56% | 0.24x | 1.46x | $146.95 Million |
Industry Comparison
This section compares CleanSpark Inc's net assets metrics with peer companies in the Capital Markets industry.
Industry Context
- Industry: Capital Markets
- Average net assets among peers: $277,925,984
- Average return on equity (ROE) among peers: -4.75%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| CleanSpark Inc (CLSK) | $1.38 Billion | 0.00% | 1.41x | $2.50 Billion |
| Armada Mercantile Ltd (AAMTF) | $197.80K | -9.79% | 0.44x | $3.53 Million |
| ABG Sundal Collier Holding ASA (ABGSF) | $1.65 Billion | 37.94% | 2.19x | $207.31 Million |
| Athena Bitcoin Global (ABIT) | $-1.06 Million | 0.00% | 0.00x | $16.38 Million |
| ABS-CBN Holdings Corporation (ABSOF) | $0.00 | 0.00% | 0.00x | $5.67 Million |
| American Bitcoin Corp (ABTC) | $1.02 Billion | 42.26% | 0.09x | $204.84 Million |
| Abits Group Inc. (ABTS) | $6.57 Million | -41.72% | 0.18x | $4.62 Million |
| Argentex Group PLC (AGXTF) | $43.40 Million | -3.00% | 2.61x | $4.51 Million |
| Sphere 3D Corp (ANY) | $40.32 Million | -58.05% | 0.24x | $4.44 Million |
| Argo Blockchain PLC (ARBKF) | $27.19 Million | -15.14% | 0.01x | $2.16 Million |
| Arcane Crypto AB (ARCNF) | $-17.00K | 0.00% | 0.00x | $1.38 Million |