CLSK vs. CIFR

Last updated Apr 2, 2026

Compare and contrast key facts about CleanSpark, Inc. (CLSK) and Cipher Mining Inc. (CIFR).

Performance

CLSK vs. CIFR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in CleanSpark, Inc. (CLSK) and Cipher Mining Inc. (CIFR). The values are adjusted to include any dividend payments, if applicable.

CLSK vs. CIFR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
CLSK CleanSpark, Inc.	-14.82%	9.88%	-16.50%	440.69%	-78.57%	-30.21%
CIFR Cipher Mining Inc.	-14.36%	218.10%	12.35%	637.50%	-87.90%	-54.92%

Fundamentals

EPS CLSK : -$1.28 CIFR : -$2.18
PS Ratio CLSK : 2.23 CIFR : 18.59
Total Revenue (TTM) CLSK : $785.19M CIFR : $256.76M
Gross Profit (TTM) CLSK : $256.57M CIFR : $101.17M
EBITDA (TTM) CLSK : $131.94M CIFR : -$572.32M

Returns By Period

The year-to-date returns for both investments are quite close, with CLSK having a -14.82% return and CIFR slightly higher at -14.36%.

CLSK

• 1D: 1.29%
• 1M: -18.29%
• YTD: -14.82%
• 6M: -40.92%
• 1Y: 14.02%
• 3Y*: 45.82%
• 5Y*: -17.81%
• 10Y*: -11.72%

CIFR

• 1D: -1.79%
• 1M: -19.80%
• YTD: -14.36%
• 6M: 0.32%
• 1Y: 413.82%
• 3Y*: 75.71%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

CLSK vs. CIFR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CLSK

CLSK Risk / Return Rank: 50
CLSK Sharpe Ratio Rank: 47
CLSK Sortino Ratio Rank: 52
CLSK Omega Ratio Rank: 49
CLSK Calmar Ratio Rank: 52
CLSK Martin Ratio Rank: 50

CIFR

CIFR Risk / Return Rank: 95
CIFR Sharpe Ratio Rank: 98
CIFR Sortino Ratio Rank: 94
CIFR Omega Ratio Rank: 90
CIFR Calmar Ratio Rank: 98
CIFR Martin Ratio Rank: 96

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CLSK vs. CIFR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CleanSpark, Inc. (CLSK) and Cipher Mining Inc. (CIFR). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	CLSK	CIFR	Difference
Sharpe ratio Return per unit of total volatility	0.16	3.77	-3.61
Sortino ratio Return per unit of downside risk	0.92	3.46	-2.55
Omega ratio Gain probability vs. loss probability	1.10	1.40	-0.30
Calmar ratio Return relative to maximum drawdown	0.44	8.75	-8.31
Martin ratio Return relative to average drawdown	0.83	18.89	-18.06
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CLSK vs. CIFR - Sharpe Ratio Comparison

The current CLSK Sharpe Ratio is 0.16, which is lower than the CIFR Sharpe Ratio of 3.77. The chart below compares the historical Sharpe Ratios of CLSK and CIFR, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CLSK	CIFR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.16	3.77	-3.61
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.18	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.06	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.06	0.04	-0.10

Correlation

The correlation between CLSK and CIFR is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

CLSK vs. CIFR - Dividend Comparison

Neither CLSK nor CIFR has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

CLSK vs. CIFR - Drawdown Comparison

The maximum CLSK drawdown since its inception was -98.56%, roughly equal to the maximum CIFR drawdown of -97.16%. Use the drawdown chart below to compare losses from any high point for CLSK and CIFR.

Drawdown Indicators

	CLSK	CIFR	Difference
Max Drawdown Largest peak-to-trough decline	-98.56%	-97.16%	-1.40%
Max Drawdown (1Y) Largest decline over 1 year	-64.74%	-51.38%	-13.36%
Max Drawdown (5Y) Largest decline over 5 years	-92.25%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-98.56%	—	—
Current Drawdown Current decline from peak	-88.19%	-48.85%	-39.34%
Average Drawdown Average peak-to-trough decline	-69.28%	-68.31%	-0.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	34.21%	23.80%	+10.41%

Volatility

CLSK vs. CIFR - Volatility Comparison

The current volatility for CleanSpark, Inc. (CLSK) is 21.41%, while Cipher Mining Inc. (CIFR) has a volatility of 28.42%. This indicates that CLSK experiences smaller price fluctuations and is considered to be less risky than CIFR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CLSK	CIFR	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.41%	28.42%	-7.01%
Volatility (6M) Calculated over the trailing 6-month period	70.96%	79.50%	-8.54%
Volatility (1Y) Calculated over the trailing 1-year period	91.38%	110.89%	-19.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	101.40%	122.74%	-21.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	184.27%	122.74%	+61.53%

Financials