# CLEANSPARK INC (CLSK) — Stock CV

Cleanspark Inc is a $2.70B financial services company. Revenue grew 102.9% over the last year, and it currently loses money.

> 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.

## Identity

- **Ticker**: CLSK
- **Sector**: Financial Services
- **Industry**: Finance Services
- **Headquarters**: HENDERSON, NV
- **Employees**: 314
- **Website**: https://www.cleanspark.com
- **Market cap**: $2.70B
- **Last price**: $10.49
- **Financial profile**: Strained

## Vitals (TTM)

- **Revenue**: $181M
- **Net income**: -$998M
- **Free cash flow**: -$609M
- **P/E**: 7.4
- **Revenue growth (YoY)**: 102.9%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 45 |
| Growth | 25 |
| Profitability | 20 |
| Health | 25 |
| Quality | 16 |
| Moat | 20 |

## Qualifications (beginner checklist) — 6 of 11 passed

- [x] Revenue growing — +102.9% YoY
- [ ] Profitable — -$998M TTM
- [x] Profit growing — +350.0% YoY
- [ ] Generates cash — -$609M TTM
- [x] Debt under control — current ratio 5.91
- [x] Established company — $2.70B market cap
- [ ] Not printing shares — +850.8% shares over ~5y
- [ ] Proven track record — 1/9 profitable years
- [ ] Financially stable — health score 25/100
- [x] Pays a dividend — yield 1.34%
- [x] Valuation not extreme — P/E 7.4

## Experience (career milestones)

- **2026** — ClearSpace-1 was expected to be launched in the second half of 2026 on a Vega-C launch vehicle
- **FY2025** — Turned profitable: $364M net income after a loss year
- **FY2025** — Best year on record: $364M net income

## Strengths

- High gross margin (47.0%)
- Revenue growing 102.9% year over year
- High returns on invested capital (ROIC 17.5%)

## Watch-outs

- Not profitable — 550.7% net margin
- Negative free cash flow (-$609.3M)
- Thin interest coverage (-46.7×)
- Loss-making in 8 of the recent years

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $10.0M | -$23.3M | -$6.68M |
| FY2022 | $132M | -$57.3M | $52.2M |
| FY2023 | $168M | -$137M | -$91.9M |
| FY2024 | $379M | -$146M | -$300M |
| FY2025 | $766M | $364M | -$606M |

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Source: https://stockcv.com/CLSK — derived from company filings; may be delayed or incomplete. Information, not investment advice.