Cleanspark vs Core Scientific
Cleanspark is the larger business, with $766m of revenue in fiscal 2025 against $319m for Core Scientific (2.4 times as much). Cleanspark grew faster (102.2% against -37.5%). Cleanspark kept more of each dollar of sales as profit: a net margin of 47.6% against -90.5%.
| Latest fiscal year | CleansparkCLSK, 2025 | Core ScientificCORZ, 2025 |
|---|---|---|
| Revenue | $766m | $319m |
| Revenue growth | 102.2% | -37.5% |
| Net income | $364m | −$289m |
| Operating margin | — | -77.0% |
| Net margin | 47.6% | -90.5% |
| Return on equity | 18.5% | — |
| Free cash flow | −$606m | −$451m |
| Cash | $43.0m | $311m |
| Total debt | $821m | $1.08bn |
| Debt to equity | — | — |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $145m | — |
| Employees | 314 | 325 |
| Market value | $2.07bn | $4.50bn |
| Price vs our value range | — | — |
| Moat score | 12 (Weak) | 16 (Weak) |
| Insider trades, 12 months | 0 buys, 7 sales | 5 buys, 49 sales |