Analyzing Cleanspark (NASDAQ:CLSK) and Bit Origin (NASDAQ:BTOG)

Cleanspark (NASDAQ:CLSK) and Bit Origin (NASDAQ:BTOG) are both finance companies, but which is the better business? We will contrast the two companies based on the strength of their analyst recommendations, earnings, risk, valuation, profitability, institutional ownership and dividends.

Volatility and Risk

Cleanspark has a beta of 4.23, suggesting that its stock price is 323% more volatile than the S&P 500. Comparatively, Bit Origin has a beta of 1.45, suggesting that its stock price is 45% more volatile than the S&P 500.

Analyst Ratings

This is a summary of recent recommendations and price targets for Cleanspark and Bit Origin, as reported by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Cleanspark	0	0	8	1	3.11
Bit Origin	0	0	0	0	0.00

Cleanspark currently has a consensus price target of $20.38, indicating a potential upside of 62.09%. Given Cleanspark’s stronger consensus rating and higher possible upside, equities research analysts plainly believe Cleanspark is more favorable than Bit Origin.

Institutional & Insider Ownership

43.1% of Cleanspark shares are held by institutional investors. Comparatively, 1.1% of Bit Origin shares are held by institutional investors. 2.7% of Cleanspark shares are held by company insiders. Comparatively, 1.1% of Bit Origin shares are held by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company is poised for long-term growth.

Profitability

This table compares Cleanspark and Bit Origin’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Cleanspark	-35.43%	-4.65%	-3.71%
Bit Origin	N/A	N/A	N/A

Valuation & Earnings

This table compares Cleanspark and Bit Origin”s gross revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Cleanspark	$378.97 million	9.32	-$145.78 million	($0.96)	-13.09
Bit Origin	$2.89 million	0.93	-$17.53 million	N/A	N/A

Bit Origin has lower revenue, but higher earnings than Cleanspark.

Summary

Cleanspark beats Bit Origin on 9 of the 13 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 Bit Origin

Bit Origin Ltd, through its subsidiaries, engages in the cryptocurrency mining business in the United States. It is also involved in deploying blockchain technologies. The company was formerly known as China Xiangtai Food Co., Ltd. and changed its name to Bit Origin Ltd in April 2022. Bit Origin Ltd was incorporated in 2018 and is based in Singapore, Singapore.