CleanSpark vs MARA

How CleanSpark vs MARA compare on our ratings, mining company specs, funding, pros and cons.

MARA4.0/5

Feature	CleanSpark Visit	MARA Visit
Ratings
Our score	4.2/5	4.0/5
User rating	No reviews yet	No reviews yet
Track record	4.5	4.5
Costs & fees	4.0	3.0
Transparency	4.5	4.5
Scale & reliability	5.0	5.0
Support	3.0	3.0
Specs
Type	Public miner	Public miner, Mining pool, Hosting
Coins	BTC	BTC
Hashrate	50 EH/s	Not disclosed
Stock ticker	CLSK	NASDAQ: MARA
Locations	Georgia, Mississippi, Tennessee, Wyoming	Texas, Ohio, Nebraska, North Dakota, Kentucky, United Arab Emirates, Paraguay
Energy sources	Not disclosed	Grid power, Owned generation
Company
Founded	2014	2010
Headquarters	United States	United States
Investors	Not disclosed	Not disclosed
Strengths and weaknesses
Pros	Operates 50 EH/s of dedicated mining hashrate Fleet operates at an efficient peak of 16.07 J/TH Holds 1.8 GW of power under contract across four states Maintains 13,530 BTC in corporate treasury reserves	Operates 1.9 GW of energized power capacity across four continents Publicly traded on NASDAQ with audited quarterly financial disclosures Controls dedicated power generation to manage industrial electricity costs Maintains an enterprise pipeline reaching 4.8 GW across multiple sites
Cons	Offers no retail hosting services, pool mining, or cloud mining contracts Operations remain concentrated in the United States Revenues remain exposed to Bitcoin network difficulty and halving cycles Carries $2.28B in senior secured debt maturing in 2031	No retail mining pool access or public cloud-mining contracts Profitability remains exposed to Bitcoin price swings and halving cycles Site expansions remain subject to regional utility and interconnection approvals
Best for	Public equity investors seeking Bitcoin mining exposure, Institutional research on industrial Bitcoin data centers, Enterprise clients seeking HPC data center infrastructure	Public equity investors seeking Bitcoin exposure, Hyperscalers needing powered colocation space, AI enterprises leasing high-density infrastructure

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