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Cleanspark vs Hive Digital Technologies: CLSK and HIVE compared
Cleanspark is the larger company: $89.3M of revenue in its latest quarter (Q4 FY24) against $84.9M for Hive Digital Technologies (Q2 FY27). Cleanspark is growing faster (+70% against -3% a year earlier). Cleanspark is more profitable, with an operating margin of -73.5% against -92.5%.
Where the money goes: CLSK and HIVE
Cleanspark (CLSK) · Q4 FY24
Cleanspark, Q4 FY24: revenue $89.3M (+70% year over year), operating margin -73.5%, net loss $62.1M, operating cash flow −$82.7M. The chart follows the revenue to costs, profit and cash.
Hive Digital Technologies (HIVE) · Q2 FY27
Hive Digital Technologies, Q2 FY27: revenue $84.9M (-3% year over year), operating margin -92.5%, net loss $78.7M, operating cash flow $8.1M. The chart follows the revenue to costs, profit and cash.
| Cleanspark (CLSK) | Hive Digital Technologies (HIVE) | |
|---|---|---|
| Latest quarter | Q4 FY24 | Q2 FY27 |
| Revenue | $89.3M | $84.9M |
| Revenue growth, Y/Y | +70% | -3% |
| Operating margin | -73.5% | -92.5% |
| Net earnings | −$62.1M | −$78.7M |
| Net margin | -69.5% | -92.7% |
| Operating cash flow | −$82.7M | $8.1M |
| Free cash flow | — | $858K |
| Market value | $2.5B | — |
| Analysts’ mean target | $20.87 | — |
Where the revenue comes from
Hive Digital Technologies
- Digital currency mining: $76.0M (90%)
- High performance computing hosting: $8.8M (10%)
Questions
Which is bigger, Cleanspark or Hive Digital Technologies?
Cleanspark is the larger company: $89.3M of revenue in its latest quarter (Q4 FY24) against $84.9M for Hive Digital Technologies (Q2 FY27).
Is Cleanspark or Hive Digital Technologies growing faster?
Cleanspark is growing faster (+70% against -3% a year earlier).
Which is more profitable, Cleanspark or Hive Digital Technologies?
Cleanspark is more profitable, with an operating margin of -73.5% against -92.5%.
More: Cleanspark earnings · how Cleanspark makes money · Hive Digital Technologies earnings · how Hive Digital Technologies makes money
From the companies' latest 10-Q, 10-K or earnings release (10-K filed Dec 3, 2024; 10-Q filed Nov 9, 2026). Fiscal quarters can end on different dates. Not investment advice.