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About CleanSpark
Industries
Energy
Crypto & Web3
Company Size
11-50
Company Stage
IPO
Headquarters
Poway, California
Founded
1987
Overview
CleanSpark focuses on Bitcoin mining by using specialized computers to verify transactions on the Bitcoin blockchain. The company operates data centers powered by low-carbon energy, making it a leader in sustainable Bitcoin mining. Unlike its competitors, CleanSpark emphasizes environmental responsibility, which helps build trust within its communities. Its goal is to contribute to the cryptocurrency market while reducing its carbon footprint.
Simplify's Take
What believers are saying
- Increased interest in sustainable mining boosts demand for CleanSpark's low-carbon solutions.
- Favorable U.S. regulations support CleanSpark's expansion of mining operations.
- Energy-efficient hardware development reduces operational costs, improving profit margins.
What critics are saying
- Increased competition may impact CleanSpark's market share and profitability.
- Bitcoin price volatility poses financial risks to CleanSpark's revenue.
- Regulatory scrutiny on environmental impacts could increase operational costs for CleanSpark.
What makes CleanSpark unique
- CleanSpark uses low-carbon power for sustainable Bitcoin mining.
- The company holds over 10,000 BTC, leveraging it for financial strategies.
- CleanSpark's strategic acquisitions have significantly increased its hash rate capacity.
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Funding
Total Funding
$1005.5M
Above
Industry Average
Funded Over
4 Rounds
Benefits
Health Insurance
Life Insurance
Unlimited Paid Time Off
401(k) Retirement Plan
Company News
In addition, CleanSpark secured a $200 million credit facility backed by Bitcoin (BTC) through an agreement with Coinbase Prime, the institutional brokerage division of the crypto exchange, according to a statement.
In addition, CleanSpark secured a $200 million credit facility backed by Bitcoin
Proceeds from credit facility to support accretive growth on non-dilutive terms Company to begin selling a portion of monthly Bitcoin production to cover operations LAS VEGAS, April 15, 2025...
LAS VEGAS, April 9, 2025 /PRNewswire/ - CleanSpark, Inc. (Nasdaq: CLSK), America's Bitcoin Miner(R) (the "Company"), today announced that Executive Chairman Matthew Schultz will participate in a fireside chat at the Jones Healthcare and Technology Innovation Conference at 2:30 p.m. PT / 5:30 p.m. ET on Wednesday, April 9, 2025.
Exceeds 700 bitcoin produced, a 13% gain month over monthAchieves 42.4 exahash, an increase of 4.2% month over month11,869 bitcoin held in treasuryLAS VEGAS, April 4, 2025 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK), America's Bitcoin Miner® (the "Company"), today released its unaudited bitcoin mining and operations update for the month ending March 31, 2025
CleanSpark is Hiring for 12 Jobs on Simplify!
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About CleanSpark
Industries
Energy
Crypto & Web3
Company Size
11-50
Company Stage
IPO
Headquarters
Poway, California
Founded
1987
CleanSpark is Hiring for 12 Jobs on Simplify!
Find jobs on Simplify and start your career today