which of these two options is easier and clearer for the user to understand and consume?
The answer depends entirely on who you are building this for and how this is being used. The first option allows for quick scanning labels and values. For people who use it often this can be very helpful. Showing it with labels and values aligned evenly (like a list/grid/table) will make this experience even better.
The second option is more explanatory and looks relevant for people not dealing with this kind of information constantly or who are dealing with cognitive limitations.
Since you tagged this question with accessibility there is a third option: Provide both. Show the label/value variant and provide a (collapsable) help section below for people who want/need it explained. When you use the right labeling and techniques for this, this can be made very accessible. It goes beyond the question to talk about techniques but as a hint you can look at