CleanSpark vs Cipher Mining: Revenue Comparison

CleanSpark (CLSK) and Cipher Mining (CIFR) are peers in Crypto. CleanSpark reported revenue of $136M as of Q1 2026, compared with $35M for Cipher Mining. CleanSpark leads on revenue.

CleanSpark's gross margin is -63.1% versus -105.9% for Cipher Mining. CleanSpark's net margin is -277.4% versus -328.1% for Cipher Mining.

CleanSpark logo
CleanSpark
Cipher Mining logo
Cipher Mining

Revenue Comparison

Chart: Revenue Comparison. Values in USD_BILLIONS. In Q1 2026: CleanSpark 0.136, Cipher Mining 0.035.

Latest Quarter Comparison

Table: Latest Quarter Comparison. 15 rows across Metric, CleanSpark, Cipher Mining.
MetricCleanSparkCipher Mining
Market Cap--
Revenue$136.00M$35.00M
Cost of Revenue$222.00M$72.00M
Gross Profit$-86.00M$-37.00M
Operating Income$-112.00M$-49.00M
Net Income$-378.00M$-114.00M
R&D Expense$0$0
Earnings Per Share-$1.52-$0.28
Gross Margin-63.1%-105.9%
Operating Margin-82.0%-139.6%
Net Profit Margin-277.4%-328.1%
Free Cash Flow$-173.00M$-285.00M
Cumulative Free Cash Flow$-3.03B$-1.50B
Operating Cash Flow$-136.00M$-54.00M
Cash & Equivalents$260.00M$3.73B

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