CleanSpark (NASDAQ:CLSK – Get Free Report) and Coinbase Global (NASDAQ:COIN – 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 institutional ownership, profitability, analyst recommendations, dividends, valuation, earnings and risk.
Valuation and Earnings
This table compares CleanSpark and Coinbase Global”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 | 8.90 | -$145.78 million | ($0.58) | -19.88 |
| Coinbase Global | $3.11 billion | 24.00 | $94.87 million | $5.86 | 50.85 |
Coinbase Global has higher revenue and earnings than CleanSpark. CleanSpark is trading at a lower price-to-earnings ratio than Coinbase Global, indicating that it is currently the more affordable of the two stocks.
Analyst Ratings
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| CleanSpark | 0 | 0 | 6 | 0 | 3.00 |
| Coinbase Global | 1 | 9 | 10 | 0 | 2.45 |
CleanSpark currently has a consensus target price of $23.17, suggesting a potential upside of 100.93%. Coinbase Global has a consensus target price of $282.83, suggesting a potential downside of 5.09%. Given CleanSpark’s stronger consensus rating and higher possible upside, equities research analysts clearly believe CleanSpark is more favorable than Coinbase Global.
Profitability
This table compares CleanSpark and Coinbase Global’s net margins, return on equity and return on assets.
| Net Margins | Return on Equity | Return on Assets | |
| CleanSpark | -38.47% | -2.36% | -2.18% |
| Coinbase Global | 29.76% | 14.81% | 0.41% |
Volatility and Risk
CleanSpark has a beta of 4.26, meaning that its stock price is 326% more volatile than the S&P 500. Comparatively, Coinbase Global has a beta of 3.59, meaning that its stock price is 259% more volatile than the S&P 500.
Institutional and Insider Ownership
43.1% of CleanSpark shares are held by institutional investors. Comparatively, 68.8% of Coinbase Global shares are held by institutional investors. 3.0% of CleanSpark shares are held by company insiders. Comparatively, 23.4% of Coinbase Global shares are held by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock will outperform the market over the long term.
Summary
Coinbase Global beats CleanSpark on 11 of the 14 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 Coinbase Global
Coinbase Global, Inc. provides financial infrastructure and technology for the crypto economy in the United States and internationally. The company offers the primary financial account in the crypto economy for consumers; and a marketplace with a pool of liquidity for transacting in crypto assets for institutions. It also provides technology and services that enable developers to build crypto products and securely accept crypto assets as payment. The company was founded in 2012 and is based in Wilmington, Delaware.
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