Is CLEANSPARK, INC. (CLSK) Halal?

NASDAQ Financial Services United States $2.2B
✗ NOT HALAL
Confidence: 95/100
CLEANSPARK, INC. (CLSK) is Not Halal under AAOIFI Standard 21 due to its classification in the Capital Markets industry, which is excluded under Shariah screening. Companies operating in prohibited sectors such as conventional banking, insurance, alcohol, tobacco, and gambling are automatically excluded regardless of their financial ratios.

Shariah Screening — 5 Standards

Based on financial data from September 2025

Standard Debt Ratio Cash Ratio Receivables Income Status
AAOIFI Excluded — Capital Markets ✗ NOT HALAL
DJIM Excluded — Capital Markets ✗ NOT HALAL
MSCI Excluded — Capital Markets ✗ NOT HALAL
S&P Excluded — Capital Markets ✗ NOT HALAL
FTSE Excluded — Capital Markets ✗ NOT HALAL

Financial Highlights

EPS
$-1.06
P/B Ratio
1.6
EV/EBITDA
-15.5
EV: $3.5B
Revenue
$766M
Growth: 11.6%
Beta
3.6
High volatility
Current Ratio
10.5

Profitability

Gross Margin 53.1%
Operating Margin -172.3%
Net Margin -33.2%
Return on Equity (ROE) -15.3%
Return on Assets (ROA) -12.6%

Cash Flow & Balance Sheet

Operating Cash Flow-$461M
Free Cash Flow-$1.0B
Total Debt$824M
Debt-to-Equity129.5
Current Ratio10.5
Total Assets$3.2B

Price & Trading

Last Close$9.30
50-Day MA$10.53
200-Day MA$12.22
Avg Volume25.4M
Beta3.6
52-Week Range
$6.45
$23.61

About CLEANSPARK, INC. (CLSK)

CEO
Mr. S. Matthew Schultz
Employees
309
Sector
Financial Services
Industry
Capital Markets
Country
United States
Exchange
NASDAQ
Market Cap
$2.2B
Currency
USD

CleanSpark, Inc. operates as a bitcoin mining company in the Americas. The company owns, leases, and operates data centers and power assets. Its infrastructure supports Bitcoin, a digital commodity. The company was formerly known as Stratean Inc. and changed its name to CleanSpark, Inc. in November 2016. CleanSpark, Inc. was incorporated in 1987 and is headquartered in Henderson, Nevada.

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Frequently Asked Questions

Is CLEANSPARK, INC. (CLSK) halal to invest in?

Based on our screening using AAOIFI Standard 21 (the strictest methodology), CLEANSPARK, INC. is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.

What is CLEANSPARK, INC.'s debt ratio?

CLEANSPARK, INC.'s debt ratio is not available under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%.

What are CLEANSPARK, INC.'s key financial metrics?

CLEANSPARK, INC. has a market capitalization of $2.2B, and revenue of $766M. The company maintains a gross margin of 53.1% and a net margin of -33.2%. Return on equity stands at -15.3%.

How often is the screening data updated?

Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.

Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.