What is CleanSpark's net debt / EBITDA?

CleanSpark (CLSK) reported net debt / EBITDA of -21.7× in Q3 2024.

What does net debt / EBITDA mean?

Net debt (total debt minus cash) divided by trailing-twelve-month EBITDA. Expresses leverage in years — roughly how long it would take to repay net debt out of operating cash earnings.

CleanSpark CLSK Net debt / EBITDA

Net debt / EBITDA at other companies

TeraWulfWULF

-1×—

Equinix, Inc.EQIX

5.4×+0.4×

Riot Platforms, Inc.RIOT

0.9×—

Digital RealtyDLR

-0.7×-0.2×

Marathon Digital HoldingsMARA

2.1×+1.2×

Cipher Digital, Inc. CIFR

1.5×—

Other financials

Income statement

See full

Revenue$191.6M+115%

Gross profit$105.8M+229%

Operating income-$345.7M-150%

Net income-$378.3M-173%

EPS (diluted)-$1.52-210%

Balance sheet

See full

Cash & equivalents$260.3M+168%

Total debt$709.0K-15.5%

Total equity$986.2M-47.8%

Total assets$2.9B+9.7%

Cash flow

See full

Operating cash flow-$135.8M-21.0%

CapEx$37.6M+10.3%

Free cash flow-$173.4M-18.5%

Valuation

See full

Market cap$4.42B+15.3%

P/S5.8×-1.0×

Profitability

See full

Gross margin55.2%-1.1pp

Operating margin41.6%+28.0pp

Net margin47.7%+33.0pp

FCF margin-84.5%+17.8pp

Returns & leverage

See full

Return on equity-34.7%-67.6pp

Debt / equity0×0.0×

Current ratio8.3×-0.4×

Where this comes from

Calculated from CleanSpark’s reported figures.

net debt/ebitda=-21.7×

Based on the most recent quarter.

The official record: CleanSpark’s 10-K, filed November 25, 2025, on SEC EDGAR. View the filing →

Ask your AI about CleanSpark's net debt / ebitda.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is CleanSpark's net debt / EBITDA?: CleanSpark (CLSK) reported net debt / EBITDA of -21.7× in Q3 2024.
What does net debt / EBITDA mean?: Net debt (total debt minus cash) divided by trailing-twelve-month EBITDA. Expresses leverage in years — roughly how long it would take to repay net debt out of operating cash earnings.