As of Q1'26, CLSK's P/B Ratio stands at 1.529, showing a slight increase from the previous quarter's value of 1.389. This latest data point reflects a modest rebound after a period of decline earlier in 2025. From Q2'23 to Q1'26, the P/B Ratio for CLSK exhibited significant volatility, peaking at 2.584 in Q2'24 before experiencing a downward correction to 1.29 in Q2'25. The overall trend shows an initial strong upward movement through 2023 and early 2024, followed by a notable decline and subsequent stabilization in the 1.3–1.5 range towards the end of the period. This pattern suggests periods of heightened market optimism followed by normalization in valuation.