Head to Head Contrast: Coinbase Global (NASDAQ:COIN) versus CleanSpark (NASDAQ:CLSK)

Coinbase Global (NASDAQ:COIN) and CleanSpark (NASDAQ:CLSK) are both business services companies, but which is the better business? We will contrast the two businesses based on the strength of their risk, valuation, analyst recommendations, dividends, institutional ownership, profitability and earnings.

Volatility & Risk

Coinbase Global has a beta of 3.59, indicating that its share price is 259% more volatile than the S&P 500. Comparatively, CleanSpark has a beta of 4.26, indicating that its share price is 326% more volatile than the S&P 500.

Valuation and Earnings

This table compares Coinbase Global and CleanSpark”s top-line revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Coinbase Global	$3.11 billion	22.70	$94.87 million	$5.86	48.09
CleanSpark	$378.97 million	7.76	-$145.78 million	($0.58)	-17.33

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

This is a breakdown of current recommendations for Coinbase Global and CleanSpark, as reported by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Coinbase Global	1	9	10	0	2.45
CleanSpark	0	0	7	0	3.00

Coinbase Global presently has a consensus target price of $282.83, suggesting a potential upside of 0.36%. CleanSpark has a consensus target price of $22.57, suggesting a potential upside of 124.59%. Given CleanSpark’s stronger consensus rating and higher possible upside, analysts clearly believe CleanSpark is more favorable than Coinbase Global.

Institutional and Insider Ownership

68.8% of Coinbase Global shares are owned by institutional investors. Comparatively, 43.1% of CleanSpark shares are owned by institutional investors. 23.4% of Coinbase Global shares are owned by company insiders. Comparatively, 3.0% of CleanSpark shares are owned by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock will outperform the market over the long term.

Profitability

This table compares Coinbase Global and CleanSpark’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Coinbase Global	29.76%	14.81%	0.41%
CleanSpark	-38.47%	-2.36%	-2.18%

Summary

Coinbase Global beats CleanSpark on 11 of the 14 factors compared between the two stocks.

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.

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.