HIVE Digital Technologies (NASDAQ:HIVE – Get Free Report) and CleanSpark (NASDAQ:CLSK – Get Free Report) are both finance companies, but which is the superior stock? We will compare the two businesses based on the strength of their risk, earnings, profitability, institutional ownership, dividends, analyst recommendations and valuation.
Insider & Institutional Ownership
24.4% of HIVE Digital Technologies shares are owned by institutional investors. Comparatively, 43.1% of CleanSpark shares are owned by institutional investors. 9.4% of HIVE Digital Technologies shares are owned by insiders. Comparatively, 3.5% of CleanSpark shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company is poised for long-term growth.
Profitability
This table compares HIVE Digital Technologies and CleanSpark’s net margins, return on equity and return on assets.
| Net Margins | Return on Equity | Return on Assets | |
| HIVE Digital Technologies | -44.73% | -28.52% | -22.39% |
| CleanSpark | 22.41% | -6.30% | -5.81% |
Analyst Recommendations
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| HIVE Digital Technologies | 0 | 0 | 4 | 0 | 3.00 |
| CleanSpark | 0 | 1 | 5 | 0 | 2.83 |
HIVE Digital Technologies currently has a consensus price target of $5.75, suggesting a potential upside of 80.25%. CleanSpark has a consensus price target of $18.97, suggesting a potential upside of 75.45%. Given HIVE Digital Technologies’ stronger consensus rating and higher probable upside, analysts plainly believe HIVE Digital Technologies is more favorable than CleanSpark.
Risk and Volatility
HIVE Digital Technologies has a beta of 3.52, indicating that its stock price is 252% more volatile than the S&P 500. Comparatively, CleanSpark has a beta of 4.21, indicating that its stock price is 321% more volatile than the S&P 500.
Valuation & Earnings
This table compares HIVE Digital Technologies and CleanSpark’s revenue, earnings per share (EPS) and valuation.
| Gross Revenue | Price/Sales Ratio | Net Income | Earnings Per Share | Price/Earnings Ratio | |
| HIVE Digital Technologies | $123.14 million | 3.05 | -$51.21 million | ($0.59) | -5.41 |
| CleanSpark | $342.81 million | 7.19 | -$136.59 million | N/A | N/A |
HIVE Digital Technologies has higher earnings, but lower revenue than CleanSpark.
Summary
CleanSpark beats HIVE Digital Technologies on 8 of the 12 factors compared between the two stocks.
About HIVE Digital Technologies
HIVE Digital Technologies Ltd. operates as a cryptocurrency mining company in Canada, Sweden, and Iceland. The company engages in the mining and sale of digital currencies, including Ethereum Classic, Bitcoin, and other coins. It also operates data centers; and offers infrastructure solutions. The company was formerly known as HIVE Blockchain Technologies Ltd. and changed its name to HIVE Digital Technologies Ltd. in July 2023. HIVE Digital Technologies Ltd. was incorporated in 1987 and is headquartered in Vancouver, Canada.
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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