CleanSpark vs OCEAN

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

VS
OCEAN3.9/5
Feature
Ratings
Our score4.2/53.9/5
User ratingNo reviews yetNo reviews yet
Track record4.53.5
Costs & fees4.04.0
Transparency4.55.0
Scale & reliability5.03.5
Support3.03.5
Specs
TypePublic minerMining pool
CoinsBTCBTC
Pool feeNot disclosed1% (DATUM) to 2%
Payout schemesNot disclosedTIDES
Minimum payoutNot disclosed0.01048576 BTC (on-chain)
Hashrate50 EH/s22.15 EH/s
Stock tickerCLSKNot disclosed
LocationsGeorgia, Mississippi, Tennessee, WyomingNot disclosed
Company
Founded20142023
HeadquartersUnited States—
InvestorsNot disclosedJack Dorsey
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
  • Non-custodial payouts sent straight from block coinbase transactions
  • No user accounts or identity verification required to connect
  • Fee drops to 1% when building block templates using DATUM
  • SOC 1 Type 2 and SOC 2 Type 2 compliance attestations completed
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
  • Subject to block variance since rewards only pay out when blocks are found
  • Standard 2% pool fee is higher than many custodial competitors
  • Minimum on-chain payout threshold requires 0.01048576 BTC for active miners
  • DATUM block construction requires running and maintaining a personal Bitcoin node
Best forPublic equity investors seeking Bitcoin mining exposure, Institutional research on industrial Bitcoin data centers, Enterprise clients seeking HPC data center infrastructureMiners seeking non-custodial payouts, Operators running independent Bitcoin nodes, Small miners using Lightning payouts

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