Applied Digital Corporation vs CleanSpark Inc — how do they compare? Applied Digital Corporation trades at $30.21 (market cap $8.90B), while CleanSpark Inc trades at $12.51 (market cap $3.30B). The key difference: Applied Digital Corporation is far larger — about 2.7× CleanSpark Inc's market cap, and Applied Digital Corporation is trading nearer its 52-week high, CleanSpark Inc nearer its low. Which is the better fit depends on your goals.
| APLD | CLSK | |
|---|---|---|
Market Cap | $8.90B | $3.30B |
Sector | Technology | Technology |
52-Week High | $49.65 | $23.20 |
52-Week Low | $9.18 | $8.18 |
Enterprise Value | $10.00B | $4.15B |
Signals from Pluang's Aura AI — not financial advice
Applied Digital (APLD) trades at $31.15, down 3.53% today, amid bearish technical signals despite unanimous analyst buy ratings. The company shows strong revenue growth with $144M in 2025 and $319M projected for 2026, but remains unprofitable with negative margins. Recent news highlights APLD's pivot to AI data centers with $36B in contracted lease value, though execution risks and customer concentration persist.
Outlook: High growth potential from AI infrastructure expansion contrasts with profitability challenges and heavy capital spending. Risks include customer concentration and debt load, but analyst consensus targets $76.67 suggest significant upside if execution improves.
CleanSpark (CLSK) trades at $12.85, down 0.31% on the day, with a bearish technical signal. The company reported strong 2025 revenue of $766 million and net income of $364 million, but forecasts a significant net loss of -$501 million for 2026. Recent operational updates highlight bitcoin mining activities and management team expansion, while analyst consensus remains unanimously bullish with a $21.43 price target.
The stock presents a high-risk, high-reward profile. Analyst optimism contrasts with negative earnings surprises and projected profitability challenges. Key risks include execution on growth initiatives, volatile cash flows, and intense competition in the data center sector. The current price offers substantial upside to targets if the company can achieve its operational goals.
Trailing returns across standard periods
Latest headlines on both assets
Applied Digital provides high-performance computing (HPC) infrastructure and cloud services. It designs and operates data centers tailored for AI, machine learning, and other intensive digital workloads across North America.
Read more on APLD →CleanSpark is a leading Bitcoin mining company that operates high-density data centers. It focuses on using sustainable energy to power its mining fleet and provides digital infrastructure for the blockchain ecosystem.
Read more on CLSK →