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Sifting through countless of stocks in the Software industry can be tedious, and sometimes two stocks are just too similar to judge which is the better investment. If you’re on the fence about investing in Riot Platforms Inc or CleanSpark Inc because you’re not sure how they measure up, it’s important to compare them on a few factors before making your decision.
Read on to learn how Riot Platforms Inc and CleanSpark Inc compare based on key financial metrics to determine which better meets your investment needs.
About Riot Platforms Inc and CleanSpark Inc
Riot Platforms, Inc., together with its subsidiaries, operates as a bitcoin mining company in North America. The company operates through three segments: Bitcoin Mining, Data Center Hosting, and Engineering. It also provides co-location services for institutional-scale bitcoin mining companies; critical infrastructure and workforce for institutional-scale miners to deploy and operate their miners; operation of data centers; and maintenance/management of computing capacity. In addition, the company engages in the design and manufacturing of power distribution equipment and custom engineered electrical products; and electricity distribution product design, manufacture, and installation services primarily focused on large-scale commercial, and governmental customers, as well as a range of markets, including data center, power generation, utility, water, industrial, and alternative energy. The company was formerly known as Riot Blockchain, Inc. Riot Platforms, Inc. was incorporated in 1998 and is based in Castle Rock, Colorado.
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.
Latest Software and Riot Platforms Inc, CleanSpark Inc Stock News
As of October 17, 2024, Riot Platforms Inc had a $2.8 billion market capitalization, compared to the Software median of $922.0 million. Riot Platforms Inc’s stock is NA in 2024, NA in the previous five trading days and down 4.86% in the past year.
Currently, Riot Platforms Inc’s price-earnings ratio is 23.2. Riot Platforms Inc’s trailing 12-month revenue is $280.0 million with a 31.0% net profit margin. Year-over-year quarterly sales growth most recently was -8.7%. Analysts expect adjusted earnings to reach $0.270 per share for the current fiscal year. Riot Platforms Inc does not currently pay a dividend.
Currently, CleanSpark Inc does not have a price-earnings ratio. CleanSpark Inc’s trailing 12-month revenue is $342.2 million with a -46.3% net profit margin. Year-over-year quarterly sales growth most recently was 128.8%. Analysts expect adjusted earnings to reach $0.530 per share for the current fiscal year. CleanSpark Inc does not currently pay a dividend.
How We Compare Riot Platforms Inc and CleanSpark Inc Stock Grades
Stock evaluation requires access to huge amounts of data and the knowledge and time to sift through it all, make sense of financial ratios, read income statements and analyze recent stock movements. AAII created A+ Investor, a robust data suite that condenses data research in an actionable and customizable way suitable for investors of all knowledge levels, to help investors streamline and work through such data.
AAII’s proprietary stock grades come with A+ Investor. These offer intuitive A‐F grades for each of five key investing factors: value, growth, momentum, earnings estimate revisions and quality. Here, we’ll take a closer look at Riot Platforms Inc and CleanSpark Inc’s stock grades to see how they measure up against one another.
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