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CLSK vs NET
Which Stock Would AI Choose? CleanSpark (CLSK) vs. Cloudflare (NET) Stock Comparison
Key Takeaways
- CLSK is a Bitcoin miner evolving into a data center developer, while NET is a cloud-native connectivity and security platform.
- CleanSpark recently secured $2.28 billion in senior secured notes to fund a major data center lease, but posted a widened net loss as it pivots its business model.
- Cloudflare has delivered accelerating revenue growth, strong free cash flow, and rising enterprise adoption driven by AI and security demand.
- The two stocks differ sharply in scale: Cloudflare's market capitalization is several times larger than CleanSpark's.
- Relative performance diverged recently, with NET showing positive momentum while CLSK shares pulled back from prior highs.
- Both names carry elevated risk profiles, but for different reasons: Bitcoin price sensitivity versus a premium valuation.
Introduction
CleanSpark and Cloudflare occupy different corners of the technology landscape, yet both are increasingly tied to the same broad theme: demand for computing power and digital infrastructure. This stock comparison examines how a Bitcoin miner pivoting toward AI-focused data centers measures up against an established connectivity-cloud leader. The relative performance and market positioning of these two companies offer a useful lens for traders and investors weighing cyclical crypto exposure against a growth-oriented software franchise. Understanding the business models, recent momentum, and risk profiles side by side can help clarify which narrative is currently better supported by observable data.
CLSK Overview and Recent Performance
CleanSpark, branded as "America's Bitcoin Miner," is a Bitcoin mining company that is repositioning itself as a data center developer serving compute-intensive workloads. Its fiscal 2025 results were strong: revenue more than doubled to roughly $766 million, and the company swung to a full-year profit. However, the more recent fiscal 2026 period has told a different story, with quarterly revenue declining and a net loss widening into the hundreds of millions of dollars as the company invests heavily in expansion.
Recent weeks have been eventful. CleanSpark closed a $2.28 billion offering of senior secured notes to fund the build-out of its Sandersville data center project, which is tied to a 20-year triple-net lease expected to generate about $6.6 billion in contracted revenue. The company reported mining 529 Bitcoin in September and holds a treasury of more than 13,500 Bitcoin. Despite these strategic steps, CLSK shares have pulled back meaningfully in recent trading, with the stock down sharply over the past year as investors weigh execution risk, a tighter liquidity position, and continued sensitivity to Bitcoin prices.
NET Overview and Recent Performance
Cloudflare operates a global connectivity cloud that helps organizations make their applications, networks, and employees faster and more secure. Its product portfolio spans content delivery, cybersecurity, zero-trust access, and a developer platform (Cloudflare Workers) that has become a growing focus as AI and autonomous-agent workloads expand. The company's most recent reported quarter showed revenue up more than 30% year over year, with free cash flow strengthening and a balance sheet holding several billion dollars in cash and securities.
Cloudflare has benefited from accelerating enterprise momentum, including a rising number of large customers and improving dollar-based net retention. Management has guided for continued high-20s-percent revenue growth in the current fiscal year, supported by AI-related demand and expanding security adoption. Unlike CleanSpark, Cloudflare's recent stock behavior has reflected positive sentiment, with shares advancing substantially over the past year. That appreciation, however, has left the stock trading at a premium valuation relative to peers, concentrating risk in future execution and margin expansion.
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Head-to-Head Comparison
The core contrast between these companies lies in their business models and risk profiles. CleanSpark is a capital-intensive operator whose economics are tied to Bitcoin prices, energy costs, and network mining difficulty, even as it pivots toward leasing data center capacity. Cloudflare, by comparison, generates recurring, subscription- and usage-based software revenue with high gross margins and expanding free cash flow.
Growth drivers also differ. CleanSpark's near-term story depends on executing a large data center build and converting contracted power into long-term lease revenue, while its legacy mining business continues to supply cash flow and Bitcoin holdings. Cloudflare's growth is driven by enterprise adoption, security demand, and the emerging AI/agentic-computing tailwind flowing through its developer platform.
From a momentum and sentiment standpoint, the two have diverged. Cloudflare's shares have trended higher on accelerating revenue and rising analyst targets, whereas CleanSpark's shares have declined as investors digest elevated capital commitments and a larger net loss. Sector exposure differs as well: CLSK sits at the intersection of crypto and energy infrastructure, while NET belongs to the software and cybersecurity universe. Finally, valuation reflects the trade-off, with Cloudflare priced at a premium to peers and CleanSpark trading at a discount that signals the market's skepticism about its transition.
Tickeron AI Verdict
Based on observable factors, Tickeron's AI would likely favor Cloudflare in the current environment. NET displays more consistent upward trend characteristics, recurring revenue, positive free cash flow, and a clearer set of demand catalysts, while CLSK carries heavier execution risk, wider losses, and dependence on Bitcoin pricing during a business-model transition. That said, CleanSpark's contracted data center revenue and discounted valuation could appeal to strategies with a higher risk tolerance. The AI verdict is probabilistic rather than definitive: NET appears better positioned for trend-following and stability-focused bots, whereas CLSK may attract momentum or contrarian strategies if Bitcoin sentiment or execution milestones improve.
Disclaimer
The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer.
To compare these two companies we present long-term analysis, their fundamental ratings and make comparative short-term technical analysis which are presented below. The conclusion is CLSK is a Hold and NET is a Hold.
CLSK sees MACD Histogram just turned negative
CLSK saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on September 29, 2026. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 42 instances where the indicator turned negative. In 40 of the 42 cases the stock moved lower in the days that followed. This puts the odds of a downward move at 90%.
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on October 01, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on CLSK as a result. In 73 of 83 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 88%.
CLSK moved below its 50-day moving average on September 30, 2026 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for CLSK crossed bearishly below the 50-day moving average on October 08, 2026. This indicates that the trend has shifted lower and could be considered a sell signal. In 13 of 16 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 81%.
The 50-day moving average for CLSK moved below the 200-day moving average on October 13, 2026. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where CLSK declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 88%.
The Aroon Indicator for CLSK entered a downward trend on October 22, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The RSI Indicator shows that the ticker has stayed in the oversold zone for 10 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an Uptrend is expected.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 16 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
CLSK may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Fundamental Analysis (Ratings)
The Tickeron Seasonality Score of 47 (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Valuation Rating of 65 (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.749) is normal, around the industry mean (3.532). P/E Ratio (-2.156) is within average values for comparable stocks, (8.846). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (0.809). Dividend Yield (0.000) settles around the average of (7.708) among similar stocks. P/S Ratio (5.397) is also within normal values, averaging (16.763).
The Tickeron Price Growth Rating for this company is 90 (best 1 - 100 worst), indicating slightly worse than average price growth. CLSK’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is 97 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron SMR rating for this company is 98 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is 100 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. CLSK’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 87, placing this stock worse than average.
NET in -8.64% downward trend, sliding for three consecutive days on October 16, 2026
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where NET declined for three days, in 227 of 292 cases, the price declined further within the following month. The odds of a continued downward trend are 78%.
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on October 12, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on NET as a result. In 62 of 83 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 75%.
The Moving Average Convergence Divergence Histogram (MACD) for NET turned negative on October 06, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 50 similar instances when the indicator turned negative. In 36 of the 50 cases the stock turned lower in the days that followed. This puts the odds of success at 72%.
NET moved below its 50-day moving average on October 15, 2026 date and that indicates a change from an upward trend to a downward trend.
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where NET's RSI Indicator exited the oversold zone, 22 of 23 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 90%.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 6 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
NET may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In 190 of 242 cases where NET Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 79%.
Fundamental Analysis (Ratings)
The Tickeron Valuation Rating of 4 (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (67.527) is normal, around the industry mean (15.867). NET has a moderately low P/E Ratio (-529.690) as compared to the industry average of (56.069). Projected Growth (PEG Ratio) (2.377) is also within normal values, averaging (3.648). Dividend Yield (0.000) settles around the average of (0.212) among similar stocks. P/S Ratio (45.455) is also within normal values, averaging (103.889).
The Tickeron Price Growth Rating for this company is 41 (best 1 - 100 worst), indicating steady price growth. NET’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is 47 (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 91, placing this stock slightly better than average.
The Tickeron Seasonality Score of 50 (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron PE Growth Rating for this company is 57 (best 1 - 100 worst), pointing to average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron SMR rating for this company is 94 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
CLSK | NET | ||
|---|---|---|---|
OUTLOOK RATING 1..100 | 52 | 62 | |
VALUATION overvalued / fair valued / undervalued 1..100 | 65 Fair valued | 4 Undervalued | |
PROFIT vs RISK RATING 1..100 | 100 | 47 | |
SMR RATING 1..100 | 98 | 94 | |
PRICE GROWTH RATING 1..100 | 90 | 41 | |
P/E GROWTH RATING 1..100 | 97 | 57 | |
SEASONALITY SCORE 1..100 | 47 | 50 |
Tickeron ratings are formulated such that a rating of 1 designates the most successful stocks in a given industry, while a rating of 100 points to the least successful stocks for that industry.
NET's Valuation (4) in the null industry is somewhat better than the same rating for CLSK (65). This means that NET’s stock grew somewhat faster than CLSK’s over the last 12 months.
NET's Profit vs Risk Rating (47) in the null industry is somewhat better than the same rating for CLSK (100). This means that NET’s stock grew somewhat faster than CLSK’s over the last 12 months.
NET's SMR Rating (94) in the null industry is in the same range as CLSK (98). This means that NET’s stock grew similarly to CLSK’s over the last 12 months.
NET's Price Growth Rating (41) in the null industry is somewhat better than the same rating for CLSK (90). This means that NET’s stock grew somewhat faster than CLSK’s over the last 12 months.
NET's P/E Growth Rating (57) in the null industry is somewhat better than the same rating for CLSK (97). This means that NET’s stock grew somewhat faster than CLSK’s over the last 12 months.
| CLSK | NET | |
|---|---|---|
| RSI ODDS (%) | 1 day ago 90% | 1 day ago 90% |
| Stochastic ODDS (%) | 1 day ago 86% | 1 day ago 89% |
| Momentum ODDS (%) | 1 day ago 88% | 1 day ago 75% |
| MACD ODDS (%) | 1 day ago 90% | 1 day ago 72% |
| TrendWeek ODDS (%) | 1 day ago 89% | 1 day ago 77% |
| TrendMonth ODDS (%) | 1 day ago 89% | 1 day ago 78% |
| Advances ODDS (%) | N/A | N/A |
| Declines ODDS (%) | 9 days ago 88% | 7 days ago 78% |
| BollingerBands ODDS (%) | 1 day ago 90% | 1 day ago 90% |
| Aroon ODDS (%) | 1 day ago 90% | 1 day ago 79% |
Long-Term Analysis
It is best to consider a long-term outlook for a ticker by using Fundamental Analysis (FA) ratings. The rating of 1 to 100, where 1 is best and 100 is worst, is divided into thirds. The first third (a green rating of 1-33) indicates that the ticker is undervalued; the second third (a grey number between 34 and 66) means that the ticker is valued fairly; and the last third (red number of 67 to 100) reflects that the ticker is overvalued. We use an FA Score to show how many ratings show the ticker to be undervalued (green) or overvalued (red).
CLSK’s FA Score shows that 0 FA rating(s) are green while NET’s FA Score has 1 green FA rating(s).
- CLSK’s FA Score: 0 green, 5 red.
- NET’s FA Score: 1 green, 4 red.
Short-Term Analysis
It is best to consider a short-term outlook for a ticker by using Technical Analysis (TA) indicators. We use Odds of Success as the percentage of outcomes which confirm successful trade signals in the past.
If the Odds of Success (the likelihood of the continuation of a trend) for each indicator are greater than 50%, then the generated signal is confirmed. A green percentage from 90% to 51% indicates that the ticker is in a bullish trend. A red percentage from 90% - 51% indicates that the ticker is in a bearish trend. All grey percentages are below 50% and are considered not to confirm the trend signal.
CLSK’s TA Score shows that 3 TA indicator(s) are bullish while NET’s TA Score has 5 bullish TA indicator(s).
- CLSK’s TA Score: 3 bullish, 7 bearish.
- NET’s TA Score: 5 bullish, 4 bearish.
Price Growth
CLSK (@Investment Banks/Brokers) experienced а -12.83% price change this week, while NET (@Computer Communications) price change was -5.28% for the same time period.
The average weekly price growth across all stocks in the @Investment Banks/Brokers industry was -5.38%. For the same industry, the average monthly price growth was -17.06%, and the average quarterly price growth was -13.36%.
The average weekly price growth across all stocks in the @Computer Communications industry was -1.36%. For the same industry, the average monthly price growth was -9.84%, and the average quarterly price growth was +4.51%.
Reported Earning Dates
CLSK is expected to report earnings on Nov 24, 2026.
NET is expected to report earnings on Nov 05, 2026.
Industries' Descriptions
@Investment Banks/Brokers (-5.38% weekly)These banks specialize in underwriting (helping companies with debt financing or equity issuances), IPOs, facilitating mergers and other corporate reorganizations and acting as a broker or financial advisor for institutions. They might also trade securities on their own accounts. Investment banks potentially thrive on expanding its network of clients, since that could help them increase profits. Goldman Sachs, Morgan Stanley and CME Group Inc are some of the largest investment banking companies.
@Computer Communications (-1.36% weekly)Computer communications industry develops technology that allows computing devices to exchange data with each other using connections/data links between nodes. Common types of computer network include Cloud (IAN), Internet, Wide (WAN, Local (LAN)/Wireless(WLAN) etc. The industry is an ever-more important part of technology, and is set to become even bigger as the Internet of Things (IoT) rapidly forays into the various aspects of our lives. Cisco Systems, Inc., Palo Alto Networks, Inc. and Arista Networks, Inc., Fortinet, Inc. are some of the major computer communications companies.
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NET and
Correlation & Price change
A.I.dvisor indicates that over the last year, NET has been closely correlated with COIN. These tickers have moved in lockstep 66% of the time. This A.I.-generated data suggests there is a high statistical probability that if NET jumps, then COIN could also see price increases.
| Ticker / NAME | Correlation To NET | 1D Price Change % | ||
|---|---|---|---|---|
| NET | 100% | -1.18% | ||
| COIN - NET | 66% Closely correlated | -4.51% | ||
| CLSK - NET | 64% Loosely correlated | -6.86% | ||
| AFRM - NET | 62% Loosely correlated | -1.51% | ||
| SNOW - NET | 62% Loosely correlated | -2.72% | ||
| HUBS - NET | 59% Loosely correlated | +6.92% | ||
More | ||||
| 1 Day | |||
|---|---|---|---|
| ETFs / NAME | Price $ | Chg $ | Chg % |
| PSL | 115.72 | 2.72 | +2.41% |
| Invesco Dorsey Wright Consumer Staples Momentum ETF (PSL) | |||
| QLTI | 27.98 | 0.24 | +0.86% |
| GMO International Quality ETF | |||
| SAT | 25.06 | N/A | N/A |
| Saratoga Investment Corp | |||
| IQDF | 33.51 | -0.53 | -1.56% |
| Northern Trust International Quality Dividend ETF (IQDF) | |||
| MST | 12.63 | -1.33 | -9.55% |
| Defiance Leveraged Long Income MSTR ETF (MST) | |||