CleanSpark (NASDAQ:CLSK) vs. Abits Group (NASDAQ:ABTS) Financial Review

CleanSpark (NASDAQ:CLSK) and Abits Group (NASDAQ:ABTS) are both finance companies, but which is the better investment? We will compare the two businesses based on the strength of their analyst recommendations, risk, dividends, profitability, earnings, institutional ownership and valuation.

Earnings and Valuation

This table compares CleanSpark and Abits Group”s top-line revenue, earnings per share and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
CleanSpark	$342.81 million	7.87	-$136.59 million	N/A	N/A
Abits Group	$5.34 million	2.99	-$12.59 million	N/A	N/A

Abits Group has lower revenue, but higher earnings than CleanSpark.

Volatility & Risk

CleanSpark has a beta of 4.18, suggesting that its share price is 318% more volatile than the S&P 500. Comparatively, Abits Group has a beta of 2.7, suggesting that its share price is 170% more volatile than the S&P 500.

Analyst Recommendations

This is a summary of recent ratings for CleanSpark and Abits Group, as provided by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
CleanSpark	0	1	6	0	2.86
Abits Group	0	0	0	0	N/A

CleanSpark currently has a consensus target price of $19.11, suggesting a potential upside of 61.44%. Given CleanSpark’s higher probable upside, analysts clearly believe CleanSpark is more favorable than Abits Group.

Profitability

This table compares CleanSpark and Abits Group’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%
Abits Group	N/A	N/A	N/A

Institutional and Insider Ownership

43.1% of CleanSpark shares are owned by institutional investors. Comparatively, 0.2% of Abits Group shares are owned by institutional investors. 3.5% of CleanSpark shares are owned by insiders. Comparatively, 6.7% of Abits Group shares are owned by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company will outperform the market over the long term.

Summary

CleanSpark beats Abits Group 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 Abits Group

Abits Group Inc., a digital company, engages in the provision of bitcoin mining and related services in the United States. The company was formerly known as Moxian (BVI) Inc and changed its name to Abits Group Inc. in November 2023. Abits Group Inc. was incorporated in 2021 and is based in Tsim Sha Tsui, Hong Kong.