CleanSpark (NASDAQ:CLSK – Get Free Report) and Abits Group (NASDAQ:ABTS – Get Free Report) are both finance companies, but which is the superior investment? We will contrast the two companies based on the strength of their risk, dividends, earnings, profitability, valuation, institutional ownership and analyst recommendations.
Analyst Recommendations
This is a breakdown of current ratings and recommmendations 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 price target of $19.11, suggesting a potential upside of 99.31%. Given CleanSpark’s higher possible upside, equities research analysts clearly believe CleanSpark is more favorable than Abits Group.
Volatility & Risk
Insider & Institutional Ownership
43.1% of CleanSpark shares are owned by institutional investors. Comparatively, 0.2% of Abits Group shares are owned by institutional investors. 3.0% 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 hedge funds, large money managers and endowments believe a company will outperform the market over the long term.
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 |
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 | $168.41 million | 14.41 | -$136.59 million | N/A | N/A |
Abits Group | $1.68 million | 9.40 | -$12.59 million | N/A | N/A |
Abits Group has lower revenue, but higher earnings than CleanSpark.
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.
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