![[CLSK-Logo_Horizontal_White_TMR.png|300]] Website: [cleanspark.com](https://www.cleanspark.com) ### Introduction CleanSpark, Inc. was founded in 2013 and is headquartered in Henderson, Nevada. Initially focused on energy software solutions, the company has pivoted to become a prominent player in Bitcoin mining and data center infrastructure, leveraging sustainable energy practices. While exact employee numbers are not publicly disclosed in the latest data, CleanSpark operates as a publicly traded company under the ticker symbol CLSK on the Nasdaq exchange, reflecting its significant growth and market presence. The company’s mission centers on delivering innovative energy and compute solutions, with a strong emphasis on sustainability and operational efficiency. CleanSpark positions itself at the intersection of energy, Bitcoin mining, and data center development, aiming to monetize low-cost, reliable power to produce high-value computational resources. This dual focus on energy innovation and digital asset mining has made it a notable entity in the rapidly evolving blockchain and energy infrastructure sectors. ### Key Products and Technology CleanSpark’s primary offerings revolve around Bitcoin mining infrastructure and data center development, optimized for high-performance computing (HPC) and artificial intelligence (AI) workloads. Below are the key areas of focus: - **Bitcoin Mining Infrastructure (ASIC Mining Operations)** - **Technical Specifications**: CleanSpark operates with an operational hashrate of 50.0 EH/s as of June 2025, making it one of the first Bitcoin miners to achieve this milestone entirely through self-operated infrastructure. Their fleet efficiency stands at approximately 16 J/Th (Joules per Terahash), indicating high energy efficiency. - **Fuel Type or Energy Source**: Primarily powered by low-cost, reliable energy sources, with a portfolio of over 1.4 GW of power across the United States, often leveraging competitive regional energy prices. - **Key Differentiators**: Emphasis on sustainability with a focus on low-cost energy inputs, achieving a reported Q4 2024 all-in energy cost per Bitcoin of $36,200. Their self-operated model avoids third-party dependencies, enhancing control and margins. - **Development Stage**: Fully operational, with continuous expansion (e.g., reaching 50 EH/s in June 2025). - **Target Customers**: Primarily focused on internal Bitcoin production for revenue and HODL strategies, with potential expansion into compute services for external clients. - **Data Center Development for AI and HPC** - **Technical Specifications**: Designs and builds advanced data centers optimized for AI workloads, though specific power output or capacity details for AI-specific centers are not publicly detailed in recent updates. - **Fuel Type or Energy Source**: Utilizes the same low-cost energy portfolio as mining operations, often integrating renewable or competitive grid power. - **Key Differentiators**: Combines energy expertise with compute infrastructure to support emerging AI demands, positioning CleanSpark as a diversified tech-energy player. - **Development Stage**: Operational with ongoing expansion; specific projects for AI are less detailed compared to mining operations. - **Target Customers**: Data-driven enterprises, AI companies, and potentially government or industrial clients needing scalable compute resources. ### Regulatory and Licensing Status As a Bitcoin mining and data center company, CleanSpark does not fall under nuclear regulatory oversight such as that of the Nuclear Regulatory Commission (NRC). Instead, its regulatory considerations primarily involve compliance with securities laws due to its public status on Nasdaq, as well as local and state energy regulations for its power usage and data center operations. CleanSpark files regular reports with the U.S. Securities and Exchange Commission (SEC), accessible via their investor relations page ([investors.cleanspark.com](https://investors.cleanspark.com)), ensuring transparency in financial and operational disclosures. There are no specific licensing milestones related to nuclear energy or other heavily regulated sectors. However, the company must adhere to environmental regulations and energy usage policies in the regions where it operates. As of the latest reports, there are no significant regulatory hurdles or upcoming milestones noted in public filings or news that would impact its core operations. The timeline for further commercial deployment in data centers or mining expansion is driven by market demand and capital availability rather than regulatory approval. ### Team and Leadership CleanSpark’s leadership team comprises experienced professionals in energy, technology, and finance. Key executives include: - **Zachary Bradford, CEO**: A co-founder of CleanSpark, Bradford has guided the company through its transition into Bitcoin mining and data center operations. He brings expertise in energy solutions and business strategy. - **Gary Vecchiarelli, CFO**: Vecchiarelli oversees financial operations, with a background in corporate finance and public company reporting, crucial for CleanSpark’s growth as a Nasdaq-listed entity. - **Matt Schultz, Executive Chairman**: Schultz focuses on strategic direction, with experience in technology and energy sectors, supporting the company’s dual focus on mining and compute infrastructure. Specific social media handles for these executives are not verified or publicly highlighted in official sources, so they are omitted here. ### Funding and Financial Position CleanSpark, as a public company, does not disclose traditional private funding rounds but has raised capital through equity offerings and convertible debt in the past. According to posts on X and recent news, the company has focused on operational revenue growth rather than external funding in 2025. Its market capitalization fluctuates with Bitcoin prices and mining sector sentiment, though exact figures as of December 2025 are not available in the provided data. Recent stock performance commentary on X suggests volatility tied to Bitcoin price movements, with a noted 15% drop in CLSK stock linked to Bitcoin falling below $90,000 in December 2025. Financially, CleanSpark reported transformative results for fiscal year 2025 (ended September 30, 2025), with revenue of $766.3 million, a 102% increase year-over-year, as highlighted in a recent news release ([PR Newswire](https://www.prnewswire.com/news-releases/cleanspark-reports-transformative-fy-2025-results-302626012.html)). Quarterly revenue for Q3 2025 reached $198.6 million, up 90.8% from the prior year. The company is not pre-revenue but at a commercial scale, with significant Bitcoin production (e.g., 2,012 BTC in Q3 2025) and a HODL balance of 11,177 BTC as of early 2025. Key institutional investors or specific backers are not detailed in the latest public data, but its Nasdaq listing implies broad shareholder participation. ### Recent News and Developments | Date | Event | Details | |---------------|------------------------------------|----------------------------------------------------------------------------------------------| | Dec 18, 2025 | Hashrate Record and Production Note | CleanSpark hit a record hashrate of 47.4 EH/s, though Bitcoin production dipped slightly due to market dynamics. ([X Posts](https://x.com/BobbyAnalytix)) | | Nov 27, 2025 | Record FY 2025 Revenue Announced | Reported $766.3 million in revenue for FY 2025, up 102% YoY, showcasing mining sector strength. ([PR Newswire](https://www.prnewswire.com/news-releases/cleanspark-reports-transformative-fy-2025-results-302626012.html)) | | Aug 7, 2025 | Q3 Fiscal 2025 Results Released | Quarterly revenue of $198.6 million, up 90.8%, with 2,012 Bitcoin produced. ([PR Newswire](https://www.prnewswire.com/news-releases/cleanspark-reports-third-quarter-fiscal-2025-results-302524771.html)) | | Jul 7, 2025 | June Mining Update and Milestone | Achieved 50 EH/s operational hashrate, a 9.6% month-over-month increase, producing 685 BTC in June. ([CleanSpark Inc. on X](https://x.com/CleanSpark_Inc)) | | Feb 6, 2025 | Earnings Beat Announced | Reported Q2 revenue of $162.3 million (vs. $154M expected) and EPS of $0.85 (vs. -$0.06 expected). ([X Posts](https://x.com/mithcoons)) | ### Partnerships and Collaborations CleanSpark has not publicly detailed extensive partnerships in the most recent data for 2025, focusing instead on self-operated infrastructure as a core strength. However, their investor relations materials mention owning a portfolio of power, land, and data centers across the U.S., implying strategic relationships with regional energy providers or grid operators, though specific utility agreements or offtake contracts are not named. Their expansion into AI and HPC data centers suggests potential future collaborations with tech firms or government entities, but no concrete partnerships are confirmed in the latest updates. The strategic value of any partnerships would likely center on securing low-cost energy or expanding compute capacity for external clients. ### New Hampshire Relevance CleanSpark’s operations, primarily focused on Bitcoin mining and data centers, have limited direct relevance to [[New Hampshire]]’s energy infrastructure, such as proximity to [[Seabrook Station]] or the ISO-NE grid. Their technology is not aligned with nuclear or traditional grid power generation but rather with high-performance computing and digital asset production. While New Hampshire has shown interest in innovative energy solutions through legislative initiatives like HB 710 (which includes provisions for small modular reactors), CleanSpark’s focus on Bitcoin mining and AI data centers does not directly fit these frameworks. However, potential applications could exist if CleanSpark targets data center development in the Northeast U.S., leveraging New Hampshire’s growing tech sector or industrial energy needs. Their expertise in low-cost energy utilization could align with regional grid demands if adapted for grid-supportive compute loads. There are no known existing connections or expressed interest in New Hampshire specifically as of the latest data, though their nationwide portfolio suggests scalability to new regions if market conditions warrant. ### Competitive Position CleanSpark competes in the Bitcoin mining sector with companies like [[MARA|Marathon Digital Holdings]] and [[[[Riot Platforms]]]], both of which are also Nasdaq-listed and focused on large-scale mining operations. CleanSpark’s unique advantage lies in its self-operated infrastructure and high efficiency (16 J/Th), as well as its early achievement of 50 EH/s hashrate, distinguishing it from peers reliant on third-party hosting. Compared to Marathon, which focuses heavily on mining scale, CleanSpark’s diversification into AI and HPC data centers offers a broader revenue base. However, risks include volatility tied to Bitcoin prices, as noted in recent X sentiment, and potential energy cost fluctuations compared to Riot, which has emphasized renewable energy integration. CleanSpark’s operational control and energy cost management remain key strengths, though market and regulatory shifts in crypto mining pose ongoing challenges. ### Closing Note CleanSpark stands as a leading Bitcoin miner and data center developer with a strong operational base and promising growth trajectory, bolstered by record revenues and efficiency gains in 2025. *Report generated December 24, 2025*