CleanSpark vs Riot Platforms

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

Feature	CleanSpark Visit	Riot Platforms Visit
Ratings
Our score	4.2/5	3.7/5
User rating	No reviews yet	No reviews yet
Track record	4.5	3.5
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
Coins	BTC	BTC
Hashrate	50 EH/s	44.4 EH/s
Stock ticker	CLSK	RIOT
Locations	Georgia, Mississippi, Tennessee, Wyoming	Corsicana, Texas, Rockdale, Texas, Paducah, Kentucky
Company
Founded	2014	—
Headquarters	United States	United States
Investors	Not disclosed	Morgan Stanley
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 44.4 EH/s of self-mining capacity on a 2.0 GW approved power pipeline Controls custom power distribution and switchgear production through in-house engineering subsidiaries Held 11,380 Bitcoin on its balance sheet as of June 30, 2026 Diversified revenue with 241 MW of long-term commercial HPC and AI data center contracts
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	Offers no third-party retail hosting, cloud mining, or open pool services Reported a net loss of $237.2 million for the second quarter of 2026 Heavy operational concentration in the Texas ERCOT power grid Revenues are exposed to Bitcoin halving cuts and rising network difficulty
Best for	Public equity investors seeking Bitcoin mining exposure, Institutional research on industrial Bitcoin data centers, Enterprise clients seeking HPC data center infrastructure	Institutional equity investors seeking Bitcoin exposure, Enterprise AI firms leasing high-density data centers, Investors tracking industrial crypto infrastructure

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