![[CLSK-Logo_Horizontal_White_TMR.png|300]] Company website: https://www.cleanspark.com/ ### Introduction **CleanSpark Inc.**, a sustainable Bitcoin mining and energy technology company, was founded in 2016 by S. Matthew Schultz and Zachary K. Bradford, evolving from an energy software provider to a leading Bitcoin miner. Headquartered in Las Vegas, Nevada, with operations across the United States including Georgia, Mississippi, and Wyoming, the company's mission is to responsibly develop infrastructure for Bitcoin as an essential tool for financial independence and inclusion, while investing in communities and utilizing clean energy sources to leave the planet better. CleanSpark's key focus areas include vertically integrated Bitcoin mining powered by low-carbon energy, operational efficiency through self-managed data centers, and expansion into high-performance computing potential, emphasizing transparency, community impact, and sustainable growth in the digital asset space. As America's Bitcoin Miner®, the company prioritizes clean energy infrastructure, public education on Bitcoin's utility, and strategic expansions to achieve milestones like 50 EH/s hashrate, positioning it among top publicly traded miners. ### Key Products and Technology - **Bitcoin Mining Operations**: Proprietary mining using advanced ASIC miners, achieving 50 EH/s operational hashrate as of June 2025, with fleet efficiency of 16.15 J/TH. Features include fully self-operated infrastructure, low-carbon energy sourcing (e.g., hydro, nuclear, solar), and real-time monitoring for optimization; applications secure the Bitcoin network, producing digital assets (e.g., 685 BTC mined in June 2025 worth over $74 million). - **Data Center Infrastructure**: Owns and operates multiple facilities across states, with 987 MW contracted power portfolio as of May 2025, including immersion-cooled campuses. Technologies focus on energy efficiency, scalability, and sustainability; applications include hosting Bitcoin mining rigs with high uptime and potential repurposing for HPC workloads. - **Energy Management Software**: Proprietary software for microgrid and distributed energy systems, originally from CleanSpark's energy roots, integrated into mining operations. Features: Predictive analytics, load balancing, and integration with renewable sources; applications optimize power usage in data centers, reducing costs and supporting grid stability through curtailment participation. - **Fleet Upgrades and Efficiency Tools**: Deployment of high-efficiency miners like S21 Pro, contributing to hashrate growth (e.g., 42.4 EH/s in March 2025). Features: Advanced cooling (immersion), operational dashboards; applications enhance profitability, with BTC treasury doubling year-over-year to 12,502 by May 2025. ### Team and Leadership - **S. Matthew Schultz, Executive Chairman and Director**: Co-founder of CleanSpark; oversees strategic direction with expertise in business development and finance; background in entrepreneurship and public company governance. - **Zachary K. Bradford, Chief Executive Officer, President, and Director**: Co-founder; leads overall operations and growth, with a focus on sustainable mining; experienced in finance, accounting, and energy tech from prior roles in auditing and consulting. - **Gary Vecchiarelli, Chief Financial Officer**: Manages financial strategy, treasury, and investor relations; background in corporate finance and high-growth tech companies. - **Scott Garrison, Chief Operating Officer**: Oversees global mining operations and infrastructure expansions; expertise in operational efficiency and team leadership in the mining sector. - **Taylor Monnig, Chief Technology Officer**: Directs technology development, including hashrate optimizations and software integrations; background in engineering and Bitcoin mining tech. - **Harry Sudock, Senior Vice President of Strategy**: Focuses on strategic initiatives and partnerships; experienced in Bitcoin mining and energy markets. [@harry_sudock](https://x.com/harry_sudock). ### Recent News and Developments (2025) | Date | Event | Details | |------------|--------------------------------|-------------------------------------------------------------------------| | July 7, 2025 | Releases June 2025 Bitcoin Mining Update | Achieved mid-year target of 50 EH/s; mined 685 BTC (up 3% MoM); BTC holdings at 12,608 after selling 578 BTC for $61 million; efficiency at 16.15 J/TH. | | June 24, 2025 | Reaches 50 EH/s Milestone; Escape Velocity in Action | First publicly traded miner to hit 50 EH/s with self-operated infrastructure; highlights operational scale and growth momentum. | | June 3, 2025 | Releases May 2025 Bitcoin Mining Update | Approaching 50 EH/s; BTC treasury doubled YoY to 12,502; expanded power portfolio to 987 MW; mined 667 BTC. | | June 9, 2025 | Q2 2025 Earnings Presentation | Revealed Bitcoin mining growth with 1,957 BTC produced; revenue $181.7M (up 62.5% YoY); noted profitability challenges amid expansion. | | May 12, 2025 | Stock Surge and Expansion News | Shares up 3.97% amid sustainable energy expansions; year-to-date mining at 3,986 BTC. | | May 8, 2025 | Reports Second Quarter Fiscal 2025 Results | Revenue $181.7M (up 62.5% YoY); Bitcoin production 1,957; average revenue per BTC $92,811; focused on efficiency and treasury growth. | | April 30, 2025 | Releases April 2025 Bitcoin Mining Update | Mined BTC details not specified in update summary; continued hashrate growth toward 50 EH/s. | | April 4, 2025 | Releases March 2025 Bitcoin Mining Update | Exceeded 700 BTC produced (13% MoM gain); achieved 42.4 EH/s (4.2% MoM increase). | | February 4, 2025 | Releases January 2025 Bitcoin Mining Update | New 12 MW Georgia site nearly online with S21 Pro miners adding 0.7 EH/s; demonstrated utility support through curtailment. | | January 27, 2025 | Rings Nasdaq Opening Bell | Celebrated ongoing partnership with Nasdaq; highlighted productive collaboration. | | January 13, 2025 | Analyst Outlook for 2025 | Positioned as a stock to watch for Bitcoin growth plays, with positive coverage despite earnings misses. | ### Partnerships and Collaborations - **Utility and Community Partners**: Collaborations with local utilities for grid support, including energy curtailment programs to enhance stability; demonstrated in January 2025 operations, benefiting communities in Georgia and other sites. - **Strategic Advocacy Partners**: Engages in partnerships for Bitcoin education and wealth democratization, though specific entities not detailed; focuses on community impact through joint initiatives. - **Nasdaq**: Ongoing productive partnership, highlighted by ringing the opening bell in January 2025; supports public trading and investor relations. - **Potential Future Collaborations**: Market whispers of upcoming partnerships to amplify presence, particularly in sustainable energy, as noted in February 2025 analyses; no confirmed details available. Information on partnerships is limited in available sources, with emphasis on community and utility engagements rather than formal corporate alliances. ### Closing Note As a publicly traded company (NASDAQ: CLSK) with Q2 2025 revenue of $181.7 million and a BTC treasury of 12,608, CleanSpark is in a mature growth stage, with a robust future outlook driven by 50 EH/s achievement, efficiency improvements, and projected expansions amid rising Bitcoin values. *Report generated July 28, 2025*