CleanSpark (NASDAQ:CLSK – Get Free Report) and Abits Group (NASDAQ:ABTS – Get Free Report) 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
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.
Receive News & Ratings for CleanSpark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CleanSpark and related companies with MarketBeat.com's FREE daily email newsletter.