Comparing Abits Group (NASDAQ:ABTS) and CleanSpark (NASDAQ:CLSK)

CleanSpark (NASDAQ:CLSK) and Abits Group (NASDAQ:ABTS) are both finance companies, but which is the superior investment? We will compare the two companies based on the strength of their earnings, dividends, valuation, analyst recommendations, institutional ownership, risk and profitability.

Risk and Volatility

CleanSpark has a beta of 4.18, indicating that its share price is 318% more volatile than the S&P 500. Comparatively, Abits Group has a beta of 2.7, indicating that its share price is 170% more volatile than the S&P 500.

Profitability

This table compares CleanSpark and Abits Group’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
CleanSpark	-46.31%	-3.64%	-3.39%
Abits Group	N/A	N/A	N/A

Analyst Recommendations

This is a breakdown of current recommendations for CleanSpark and Abits Group, as reported by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
CleanSpark	0	1	6	0	2.86
Abits Group	0	0	0	0	N/A

CleanSpark currently has a consensus price target of $19.11, suggesting a potential upside of 48.63%. Given CleanSpark’s higher possible upside, research analysts clearly believe CleanSpark is more favorable than Abits Group.

Valuation and Earnings

This table compares CleanSpark and Abits Group”s revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
CleanSpark	$342.81 million	8.55	-$136.59 million	N/A	N/A
Abits Group	$5.34 million	3.25	-$12.59 million	N/A	N/A

Abits Group has lower revenue, but higher earnings than CleanSpark.

Insider and Institutional Ownership

43.1% of CleanSpark shares are held by institutional investors. Comparatively, 0.2% of Abits Group shares are held by institutional investors. 3.5% of CleanSpark shares are held by insiders. Comparatively, 6.7% of Abits Group shares are held by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock will outperform the market over the long term.

Summary

CleanSpark beats Abits Group on 6 of the 11 factors compared between the two stocks.

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.

About Abits Group

Abits Group Inc. operates in the bitcoin mining business in the United States. The company was formerly known as Moxian (BVI) Inc and changed its name to Abits Group Inc. in November 2023. Abits Group Inc. was incorporated in 2021 and is based in Causeway Bay, Hong Kong.