MARA (NASDAQ:MARA – Get Free Report) and CleanSpark (NASDAQ:CLSK – Get Free Report) are both mid-cap business services companies, but which is the superior business? We will compare the two companies based on the strength of their analyst recommendations, earnings, risk, profitability, institutional ownership, dividends and valuation.
Risk & Volatility
MARA has a beta of 5.76, suggesting that its share price is 476% more volatile than the S&P 500. Comparatively, CleanSpark has a beta of 4.26, suggesting that its share price is 326% more volatile than the S&P 500.
Earnings & Valuation
This table compares MARA and CleanSpark”s revenue, earnings per share and valuation.
| Gross Revenue | Price/Sales Ratio | Net Income | Earnings Per Share | Price/Earnings Ratio | |
| MARA | $598.75 million | 9.76 | $261.17 million | $0.79 | 22.97 |
| CleanSpark | $378.97 million | 8.65 | -$145.78 million | ($0.58) | -19.31 |
Insider and Institutional Ownership
44.5% of MARA shares are held by institutional investors. Comparatively, 43.1% of CleanSpark shares are held by institutional investors. 1.0% of MARA shares are held by insiders. Comparatively, 3.0% of CleanSpark shares are held by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock is poised for long-term growth.
Profitability
This table compares MARA and CleanSpark’s net margins, return on equity and return on assets.
| Net Margins | Return on Equity | Return on Assets | |
| MARA | 27.48% | -8.40% | -6.92% |
| CleanSpark | -38.47% | -2.36% | -2.18% |
Analyst Ratings
This is a summary of current recommendations and price targets for MARA and CleanSpark, as provided by MarketBeat.
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| MARA | 0 | 6 | 5 | 0 | 2.45 |
| CleanSpark | 0 | 0 | 6 | 0 | 3.00 |
MARA currently has a consensus target price of $25.80, indicating a potential upside of 42.15%. CleanSpark has a consensus target price of $23.17, indicating a potential upside of 106.85%. Given CleanSpark’s stronger consensus rating and higher possible upside, analysts plainly believe CleanSpark is more favorable than MARA.
Summary
MARA beats CleanSpark on 8 of the 14 factors compared between the two stocks.
About MARA
MARA Holdings, Inc. operates as a digital asset technology company that mines digital assets with a focus on the bitcoin ecosystem in United States. The company was formerly known as Marathon Digital Holdings, Inc. and changed its name to MARA Holdings, Inc. in August 2024. MARA Holdings, Inc. was incorporated in 2010 and is headquartered in Fort Lauderdale, Florida.
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.
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