Full-Time
Posted on 10/31/2025
Sustainable Bitcoin mining using green power
No salary listed
Jackson, TN, USA
In Person
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CleanSpark is a publicly traded company that mines Bitcoin using data centers powered by low-carbon energy. It earns Bitcoin by running specialized computers that verify transactions on the Bitcoin blockchain. The process works by using miners to solve cryptographic problems that secure and record transactions; when successful, new Bitcoin is rewarded to the miners. CleanSpark differentiates itself by prioritizing sustainability and green energy, aiming to make Bitcoin mining more environmentally friendly and earning trust from communities and employees. Its business advantages include low debt levels from strategic financing and acquisitions, alongside a transparent NASDAQ presence. The company’s goal is to expand its sustainable mining operations, reduce its carbon footprint, and support the decentralized currency system while growing profits for its investors.
Company Size
11-50
Company Stage
IPO
Headquarters
Poway, California
Founded
1987
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Health Insurance
Life Insurance
Unlimited Paid Time Off
401(k) Retirement Plan
CleanSpark has acquired a second Texas campus, adding 300 megawatts of ERCOT-approved capacity and bringing its total contracted power capacity to 1.8 gigawatts. The acquisition supports the company's expansion into artificial intelligence and high-performance computing beyond its traditional Bitcoin mining operations. In February, CleanSpark produced 568 Bitcoins and sold 355 for $36.65 million. The company holds 13,363 Bitcoin and operates 235,588 miners. However, its first-quarter fiscal 2026 results disappointed, with revenue of $181.2 million missing the $194.05 million estimate and posting an earnings-per-share loss of $1.35 versus the $0.26 expected. The Bitcoin mining company is pivoting towards a diversified infrastructure model supporting HPC and AI whilst leveraging its substantial contracted power capacity.
Katten advises CleanSpark on acquisition and commencement of development for additional AI data center in Texas. March 12, 2026 A multidisciplinary Katten team led by Capital Markets Partner and Co-Chair Mark Wood and Private Equity/Mergers and Acquisitions Partner Josh Feiger served as legal counsel to CleanSpark, Inc. (Nasdaq: CLSK) in connection with its acquisition of approximately 155 acres of land, and rights to acquire an additional adjacent approximate 437 acres of land, in Brazoria County, Texas, along with rights to approximately 306 mega volt-amperes to support the development of a next-generation data center campus. The transaction positions CleanSpark, Inc. to deliver additional scalable, resilient and energy-efficient capacity to meet accelerating demand from artificial intelligence, cloud and enterprise workloads, and further the company's growing data center-related business. Katten advised on the structuring, negotiation, and execution of the transaction and related documentation. The Katten team included Corporate Associates Kylie Sholty and Dylan Londrigan; Real Estate Partner Glenn Miller, Senior Counsel Ken Jacobson and Associate Katie Ward; Transactional Tax Planning Associate Dan Collins; and Environmental Partner Nancy Rich. Related professionals. * Mark D. Wood Partner and Co-Chair, Capital Markets * Joshua A. Feiger Partner * Kylie R. Sholty Associate * Dylan P. Londrigan Associate * Glenn S. Miller Partner and Co-Chair, Affordable Housing and Community Development Practice * Kenneth M. Jacobson Senior Counsel * Katie Ward Associate * Dan R. Collins Associate * Nancy J. Rich Partner Related practices.
CleanSpark, a bitcoin mining and data centre operator, has closed on its second Texas campus, adding 300 MW of ERCOT-approved capacity to its portfolio. The company now controls over 1.8 GW of power across the United States. In February 2026, CleanSpark produced 560 bitcoin with an operational hashrate of 50.0 EH/s. The company holds 13,363 bitcoin in total and sold 421 bitcoin from monthly production at an average price of $87,841 per coin. CEO Matt Schultz highlighted the company's dual strategy of generating cash flow from bitcoin mining whilst developing hyperscale-ready infrastructure for AI and high-performance computing. Over the past 18 months, CleanSpark has repurchased 20% of its shares.
CleanSpark releases February 2026 operational update. Rhea-AI Impact Rhea-AI Sentiment (Positive) Rhea-AI summary. CleanSpark (Nasdaq: CLSK) released its unaudited February 2026 operations update, closing a second Texas campus and adding 300 MW of ERCOT-approved capacity to its contracted portfolio. February production was 568 BTC, year-to-date 1,141 BTC, and bitcoin holdings totaled 13,363 BTC as of Feb 28, 2026. The company reported an operational hashrate peak of 50.0 EH/s, average operating hashrate 43.2 EH/s, deployed fleet of 235,588 miners, and sold 553.02 BTC for $36.65M. Positive. * Closed second Texas campus adding 300 MW of ERCOT-approved capacity * Total bitcoin holdings of 13,363 BTC as of Feb 28, 2026 * Total USD proceeds from BTC sales of $36,653,613 in February Negative. * Average operating hashrate 43.2 EH/s below peak operational hashrate 50.0 EH/s * Utilized 808 MW versus 1.8 GW under contract (capacity not fully utilized) Key figures. Bitcoin produced: 568 BTC Avg daily production: 20.29 BTC Operational hashrate: 50.0 EH/s +5 more Market reality check. Price: $9.76 Vol: Volume 21,413,692 vs 20-d... normal vol Peers on argus. CLSK gained 7.79% while key mining peers were mixed: HUT +7.82%, CIFR +4.63%, MA... Historical context. 5 past events · Latest: Feb 19 (Neutral) Pattern 5 events Market pulse summary. The stock moved -6.7% in the session following this news. A negative reaction despite detailed opera... Key terms. operational hashrate, delta neutral basis trade, derivative transactions, convertible senior notes, +1 more AI-generated analysis. Not financial advice. 03/05/2026 - 09:00 AM Closes on Second Texas Campus, Adding 300 MW of ERCOT-Approved Capacity LAS VEGAS, March 5, 2026 /PRNewswire/ - CleanSpark, Inc. (Nasdaq: CLSK) ("CleanSpark" or the "Company"), today released its unaudited Bitcoin mining and operations update for the month ended February 28, 2026. "In February, we meaningfully expanded our hyperscale-ready infrastructure platform with the closing of our second Texas campus, adding 300 megawatts of ERCOT-approved capacity to our contracted portfolio," said Matt Schultz, Chief Executive Officer and Chairman of CleanSpark. "This transaction strengthens our position as a scaled owner-operator of power-dense digital infrastructure in one of the most attractive power markets in North America. We are advancing our AI and high-performance compute initiatives while maintaining our focus on world-class operational excellence in bitcoin mining." "We run our balance sheet the same way we run our operations: with conviction. Over the past 18 months, we have repurchased 20% of our own shares because we believe in what we are building," Schultz continued. "We have a flexible treasury strategy, optimized by DAM, generating real cash flow. We allocate deliberately, growing the portfolio and evolving our offering simultaneously, not sequentially." Schultz concluded, "Our strategy remains consistent: generate predictable cash flow from disciplined mining operations today, monetize hyperscale-ready power and compute infrastructure through tenant-driven growth, and actively manage the balance sheet to preserve flexibility and amplify returns across cycles." February 2026 Bitcoin Mining Highlights (Unaudited) | Production Metrics | | Bitcoin produced | 568 | | Peak single day bitcoin production | 23.84 | | Average daily bitcoin production | 20.29 | | CY2026 bitcoin produced | 1,141 | | Fleet Metrics | | Operational Hashrate[1] | 50.0 EH/s | | Average operating hashrate | 43.2 EH/s | | Peak efficiency of deployed fleet | 16.07 J/Th | | Deployed fleet as of February 28 | 235,588 | | Bitcoin Treasury Metrics | | Total bitcoin holdings as of February 28[2] | 13,363 | | Total bitcoin sold from monthly production[3] | 553.02 | | Total USD proceeds from sale of BTC[3] | $36,653,613 | | Average price per BTC sold | $66,279 | | Power Portfolio Metrics | | GW under contract[4] | 1.8 | | Utilized MW[5] | 808 | | [1] Operational Hashrate refers to the highest hashrate historically achieved concurrently by all installed and functional miners that were: properly racked and configured, supported by energized infrastructure, and capable of actively contributing to our mining pool or directly to the Bitcoin network. | | [2] As of February 28, 2026, CleanSpark's Bitcoin holdings were 13,363 in total (1,086 of this amount was posted as collateral or as a receivable and all related to derivative transactions). | | [3] Amounts do not include a BTC sale related to a delta neutral basis trade initiated in January of 165 bitcoin. | | [4] GW under contract includes all contracted power capacity for wholly owned or leased sites and excludes any other non-binding arrangements. | | [5] Utilized MW represents the maximum megawatts used concurrently in support of the fleet's Operational Hashrate. | About CleanSpark CleanSpark (Nasdaq: CLSK), is a market-leading data center developer with a proven track record of success. We control a portfolio of more than 1.8 GW of power, land, and data centers across the United States powered by globally competitive energy prices. Sitting at the intersection of Bitcoin, energy, operational excellence, and capital stewardship, we optimize our infrastructure to deliver superior returns to our shareholders. Monetizing low-cost, high reliability energy by producing a global emerging critical resource - compute - positions us to prosper in an ever-changing world. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In this press release, forward-looking statements include, but may not be limited to, statements regarding the Company's expectations, beliefs, plans, intentions, and strategies. In some cases, you can identify forward-looking statements by terms such as "may," "will," "should," "expects," "plans," "anticipates," "could," "intends," "targets," "projects," "contemplates," "believes," "estimates," "forecasts," "predicts," "potential" or "continue" or the negative of these terms or other similar expressions. The forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to: the success and performance of the Company's non-bitcoin data center activities and expansion into non-bitcoin infrastructure; completion of construction, regulatory approvals, and electrical power availability to achieve anticipated growth; the success and performance of the digital asset management and derivatives trading activities, which were only recently commenced; the success of our digital currency mining activities; bitcoin volatility; the dependency on utility rate structures and government incentive programs; and other risks described in the Company's prior press releases and in its filings with the Securities and Exchange Commission (SEC), including under the heading "Risk Factors" in those filings. Forward-looking statements contained herein are made only as to the date of this press release, and we assume no obligation to update or revise any forward-looking statements as a result of any new information, changed circumstances or future events or otherwise, except as required by applicable law. Investor Relations Contact Harry Sudock 702-989-7693 [email protected] Media Contact Eleni Stylianou 702-989-7694 [email protected] SOURCE CleanSpark, Inc. Faq. What did CleanSpark (CLSK) announce about new Texas capacity on March 5, 2026? CleanSpark announced the closing of a second Texas campus adding 300 MW of ERCOT-approved capacity. According to the company, this expands its contracted power portfolio and supports hyperscale-ready power and compute initiatives in ERCOT. How much bitcoin did CleanSpark (CLSK) produce in February 2026? CleanSpark produced 568 bitcoin in February 2026. According to the company, average daily production was 20.29 BTC and year-to-date production for CY2026 reached 1,141 BTC. How many bitcoin does CleanSpark (CLSK) hold as of February 28, 2026? CleanSpark held 13,363 BTC as of February 28, 2026. According to the company, 1,086 BTC of that amount was posted as collateral or receivable tied to derivative transactions. What were CleanSpark's (CLSK) February 2026 bitcoin sales and proceeds? CleanSpark sold 553.02 BTC from monthly production for $36,653,613 in proceeds. According to the company, the average price per BTC sold was $66,279 during February. What operational hashrate and fleet size did CleanSpark (CLSK) report for February 2026? CleanSpark reported a peak operational hashrate of 50.0 EH/s and an average operating hashrate of 43.2 EH/s. According to the company, the deployed fleet totaled 235,588 miners as of Feb 28, 2026.
Clear Street has reduced its price target on CleanSpark from $27 to $22, maintaining a Buy rating. The 18.5% cut reflects declining Bitcoin prices, which have offset positive fundamentals including strong high-performance compute demand. The adjustment follows CleanSpark's Q1-FY2026 results showing 11.6% year-on-year revenue growth to $162.3 million. However, the company posted a net loss of $378.7 million, compared to a profit of $246.8 million the previous year, primarily due to mark-to-market losses on its Bitcoin holdings. CleanSpark mined 1,821 Bitcoin units in January 2026, selling 1,732 for $168.4 million at an average price of $97,205. The Henderson, Nevada-based company held 13,099 Bitcoin units worth $1.15 billion as of December 2025, when Bitcoin prices fell 23.3% to $87,509.