CleanSpark, Inc. (NASDAQ: CLSK) is a prominent Bitcoin mining company headquartered in Henderson, Nevada. The company specializes in energy-efficient Bitcoin mining operations, owning and operating data centers across the United States. CleanSpark focuses on leveraging low-cost, reliable energy sources to support the Bitcoin network, aiming to promote financial independence and inclusion.
Recent Developments:
- S&P SmallCap 600 Inclusion: CleanSpark is set to become the second Bitcoin mining company included in the S&P SmallCap 600 Index, reflecting its growing prominence in the industry.
- Bitcoin Holdings: As of February 28, 2025, CleanSpark’s Bitcoin holdings have reached 11,177 BTC, underscoring its significant presence in the Bitcoin mining sector.
Financial Performance:
CleanSpark’s financial metrics indicate a robust position within the industry. The company has reported revenues of approximately $378.97 million, with a gross margin of 56.3%. However, recent filings indicate a net loss of $62.18 million, highlighting challenges that the company is addressing as it continues to expand its operations.
Leadership Team:
CleanSpark’s leadership comprises experienced professionals dedicated to advancing the company’s mission:
- Zachary K. Bradford, CPA: Chief Executive Officer, President, and Director
- S. Matthew Schultz: Executive Chairman
- Gary A. Vecchiarelli, CPA: Chief Financial Officer
- Scott Garrison: Chief Operating Officer
- Taylor Monnig: Chief Technology Officer
These leaders bring a wealth of experience in finance, technology, and operations, guiding CleanSpark’s strategic initiatives in the Bitcoin mining industry.
Stock Information:
As of March 10, 2025, CleanSpark’s stock (CLSK) closed at $7.98 per share. The stock has experienced fluctuations, reflecting the dynamic nature of the cryptocurrency and mining sectors.
For more detailed information about CleanSpark’s operations and corporate initiatives, you can visit their official website.