COMP <GO>
CLSK vs BTDR // EV/EBITDA & P/E VALUATION
CleanSpark Inc. (NASDAQ) VS. Bitdeer Technologies Group (Class A) (NASDAQ) • 15-METRIC TALLY: CLSK 2
— BTDR 0
■ METRIC PARITY
LAST: $8.20 (-4.43%) • MKT CAP: $2.11B
valuation
7.1x
LAST: $7.58 (-4.29%) • MKT CAP: $2.06B
valuation
—
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (CLSK VS. BTDR)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | CLSK | BTDR | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | — | — | — | TIE | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | 14.50% | — | — | TIE | /roic <GO> |
| EV/EBITDA & P/E Valuation ACTIVE | 7.1x | — | — | TIE | /valuation <GO> |
| Free Cash Flow Yield | -18.00% | — | — | TIE | /fcf-yield <GO> |
| Operating Margin | 41.60% | — | — | TIE | /operating-margins <GO> |
| Net Profit Margin | 47.60% | — | — | TIE | /net-margins <GO> |
| Revenue Growth (YoY) | 102.20% | — | — | TIE | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.00% | 0.00% | 0.00 | TIE | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | — | — | — | TIE | /balance-sheet <GO> |
| Piotroski F-Score Quality | 6/9 | — | — | TIE | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 35.7 | 30.8 | +4.86 | CLSK | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | 0.93 | — | — | TIE | /macro-sensitivity <GO> |
| Forward P/E Multiple | 4.9x | — | — | TIE | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $2.11B | $2.06B | $45.8M | CLSK | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | CLSK REV | BTDR REV | CLSK GROSS % | BTDR GROSS % | CLSK FCF | BTDR FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $766.3M | — | 55.2% | — | -$495.5M | — |
| FY 2024 | $379.0M | — | 56.3% | — | -$250.7M | — |
| FY 2023 | $168.4M | — | — | — | -$24.8M | — |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
CLSK // BETA 0.93
BTDR // BETA —