CleanSpark, Inc. provides energy software and control technology solutions worldwide. It offers distributed energy systems that allow customers to design, engineer, communicate, and manage renewable energy generation, storage, and consumption; and microgrids, which comprise generation, energy storage, and smart distribution assets that serve a single or multiple loads connected to the utility grid and separate from the utility grid for commercial, industrial, defense, campus, and residential users. The company's products include mPulse software suite, a modular platform that provides intelligent control of a microgrid; and microgrid value stream optimizer that offers a robust distributed energy and microgrid system modeling solution. It also provides critical power switchgear and hardware solutions, including parallel switchgear, automatic transfer switches, and related control and circuit protective equipment solutions; technology-based consulting services comprising design, marketing/digital content, engineering and SalesForce development, and strategy services; and distributed energy microgrid system design and engineering, and project consulting services. In addition, the company offers open automated demand response (OpenADR) and other middleware communication protocol software solutions, such as Canvas, an OpenADR virtual top node built for testing and managing virtual end nodes; and Plaid, a software solution that allows internet connected products to add load shifting capabilities into APIs. Further, it owns a gasification technology and process for converting waste and organic materials into synthesis gas, which is used as fuel for power plants, motor vehicles, jets, duel-fuel diesel engines, gas turbines, steam boilers, and as feedstock for the generation of di-methyl ether. The company was formerly known as Stratean Inc. and changed its name to CleanSpark, Inc. in November 2016. CleanSpark, Inc. was incorporated in 1987 and is based in Woods Cross, Utah.
IPO Year:
Exchange: NASDAQ
Website: cleanspark.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/26/2025 | $14.00 | Overweight → Neutral | Analyst |
| 7/28/2025 | $20.25 | Buy | Ladenburg Thalmann |
| 7/1/2025 | $16.00 | Buy | B. Riley Securities |
| 5/21/2025 | $20.00 | Buy | Chardan Capital Markets |
| 2/12/2025 | $20.00 | Buy | Needham |
| 1/27/2025 | $19.00 | Outperform | Keefe Bruyette |
| 12/10/2024 | $10.50 → $17.00 | Neutral → Overweight | Analyst |
| 9/25/2024 | $20.00 | Outperform | Macquarie |
| 12/8/2023 | $9.00 → $8.00 | Overweight → Neutral | JP Morgan |
| 10/31/2023 | $5.30 | Outperform | Bernstein |
8-K - CLEANSPARK, INC. (0000827876) (Filer)
8-K - CLEANSPARK, INC. (0000827876) (Filer)
8-K - CLEANSPARK, INC. (0000827876) (Filer)
8-K - CLEANSPARK, INC. (0000827876) (Filer)
424B7 - CLEANSPARK, INC. (0000827876) (Filer)
8-K - CLEANSPARK, INC. (0000827876) (Filer)
8-K - CLEANSPARK, INC. (0000827876) (Filer)
8-K - CLEANSPARK, INC. (0000827876) (Filer)
8-K - CLEANSPARK, INC. (0000827876) (Filer)
8-K - CLEANSPARK, INC. (0000827876) (Filer)
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4 - CLEANSPARK, INC. (0000827876) (Issuer)
4 - CLEANSPARK, INC. (0000827876) (Issuer)
4 - CLEANSPARK, INC. (0000827876) (Issuer)
4 - CLEANSPARK, INC. (0000827876) (Issuer)
4 - CLEANSPARK, INC. (0000827876) (Issuer)
4 - CLEANSPARK, INC. (0000827876) (Issuer)
4 - CLEANSPARK, INC. (0000827876) (Issuer)
4 - CLEANSPARK, INC. (0000827876) (Issuer)
4 - CLEANSPARK, INC. (0000827876) (Issuer)
4 - CLEANSPARK, INC. (0000827876) (Issuer)
Analyst downgraded CleanSpark from Overweight to Neutral and set a new price target of $14.00
Ladenburg Thalmann initiated coverage of CleanSpark with a rating of Buy and set a new price target of $20.25
B. Riley Securities initiated coverage of CleanSpark with a rating of Buy and set a new price target of $16.00
Chardan Capital Markets resumed coverage of CleanSpark with a rating of Buy and set a new price target of $20.00
Needham initiated coverage of CleanSpark with a rating of Buy and set a new price target of $20.00
Keefe Bruyette initiated coverage of CleanSpark with a rating of Outperform and set a new price target of $19.00
Analyst upgraded CleanSpark from Neutral to Overweight and set a new price target of $17.00 from $10.50 previously
Macquarie initiated coverage of CleanSpark with a rating of Outperform and set a new price target of $20.00
JP Morgan downgraded CleanSpark from Overweight to Neutral and set a new price target of $8.00 from $9.00 previously
Bernstein initiated coverage of CleanSpark with a rating of Outperform and set a new price target of $5.30
LAS VEGAS, Nov. 19, 2025 /PRNewswire/ -- CleanSpark, Inc. (NASDAQ:CLSK), America's Bitcoin Miner® ("CleanSpark" or the "Company"), will discuss its fiscal full year 2025 financial results via a live webcast beginning at 4:30 p.m. ET / 1:30 p.m. PT on Tuesday, November 25, 2025. Webcast Information: To view the webcast, please click here. Downloadable files, including a transcript, will be available on the company website 48 hours after the event. About CleanSpark CleanSpark (NASDAQ:CLSK), America's Bitcoin Miner®, is a market-leading data center developer with a proven track
LAS VEGAS, Nov. 13, 2025 /PRNewswire/ -- CleanSpark, Inc. (NASDAQ:CLSK), America's Bitcoin Miner® ("CleanSpark" or the "Company"), today announced that it completed its previously announced offering (the "Offering") of $1.15 billion aggregate principal amount of 0.00% Convertible Senior Notes due 2032 (the "Convertible Notes"). The Convertible Notes were sold to the initial purchasers for resale in a private offering to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the "Securities Act").
LAS VEGAS, Nov. 10, 2025 /PRNewswire/ -- CleanSpark, Inc. (NASDAQ:CLSK), America's Bitcoin Miner® ("CleanSpark" or the "Company"), today announced the upsize and pricing of its offering of $1.15 billion aggregate principal amount of 0.00% Convertible Senior Notes due 2032 (the "Convertible Notes"). The Convertible Notes will be sold to the initial purchasers for resale in a private offering to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). Key Elements of the Transac
LAS VEGAS, Nov. 10, 2025 /PRNewswire/ -- CleanSpark, Inc. (NASDAQ:CLSK), America's Bitcoin Miner® ("CleanSpark" or the "Company"), today announced that it intends to offer, subject to market conditions and other factors, $1 billion aggregate principal amount of convertible senior notes due 2032 (the "Convertible Notes") to the initial purchasers for resale in a private offering to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). CleanSpark also expects to grant the ini
Invitation-only event features CEOs, investors and innovators across AI, Digital Assets, Fintech and beyond Keynote speakers Michael Saylor and Eric Trump highlight lineup of thought leaders NEW YORK and PALM BEACH, Fla., Nov. 07, 2025 (GLOBE NEWSWIRE) -- Clear Street, ("Clear Street", "the Company") a cloud-native financial infrastructure technology firm on a mission to give sophisticated investors access to every asset in every market, will host its Disruptive Technology Conference on November 19–20, 2025, at the Four Seasons Resort Palm Beach, Florida. The two-day, invitation-only event brings together a select group of CEOs, institutional investors and pioneering industry leaders fo
Monthly bitcoin production of 612, contracted power grows 28% First month of FY26 includes business evolution with key AI and HPC announcements LAS VEGAS, Nov. 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 ended October 31, 2025. Business evolution: Initiation of CleanSpark's AI and high-performance computing (HPC) strategyKey leadership addition: Jeffrey Thomas, industry veteran, hired to lead AI data center developmentStrategic partnership: S
Acquisition increases power under contract by 28% 271-acre site is positioned on a major fiber backbone with 285 MW of power to anchor CleanSpark's expansion into high-performance compute and AI infrastructure LAS VEGAS, Oct. 29, 2025 /PRNewswire/ -- CleanSpark, Inc. (NASDAQ:CLSK), America's Bitcoin Miner® ("CleanSpark" or the "Company"), announced today it has acquired the rights to approximately 271 acres of land in Austin County, Texas, and executed long-term power supply agreements totaling 285 megawatts to support the development of a next-generation data center campus (collectively, the "Transactions"). The Transactions position CleanSpark to deliver scalable, resilient, and energy-eff
Relationship unites CleanSpark's U.S.-based power and land assets with Submer's established global presence, to offer liquid-cooling and scalable data center infrastructure delivering AI solutions, with more than 1 GW in the current portfolio and a pipeline of more than 2 GW LAS VEGAS, Oct. 28, 2025 /PRNewswire/ -- CleanSpark, Inc. (NASDAQ:CLSK), America's Bitcoin Miner® (the "Company"), today announced it is working with Submer, a global leader in sustainable, modular AI data center design and construction to evaluate opportunities for future collaboration. The two companies
Seasoned global executive to drive expansion into AI data center infrastructure development LAS VEGAS, Oct. 20, 2025 /PRNewswire/ -- CleanSpark, Inc. (NASDAQ:CLSK), America's Bitcoin Miner® (the "Company"), today announced the appointment of Jeffrey Thomas as Senior Vice President of AI Data Centers. Thomas brings over four decades of global experience in emerging technologies and data center infrastructure development as CleanSpark positions itself for its next phase of growth. As Senior Vice President of AI Data Centers, Mr. Thomas will lead CleanSpark's strategy to expand b
Competitive interest rates, flexibility, and customer service cement the firm as one of the largest bitcoin-backed lenders globally. Clients include leading foundations, BTC miners, hedge funds, trading firms, personal finance platforms, and digital asset treasury companies. Two Prime Lending Limited ("Two Prime" or "the firm"), the secured lending affiliate of Two Prime Inc., is pleased to announce it issued a total of $827 million in bitcoin-backed loans and credit facilities in Q3 2025. Since launching its lending service line in March 2024, the company has issued more than $2.55 billion in loans and credit facilities to institutional clients, including bitcoin miners, foundations, t
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Live Leadership Updates
Relationship unites CleanSpark's U.S.-based power and land assets with Submer's established global presence, to offer liquid-cooling and scalable data center infrastructure delivering AI solutions, with more than 1 GW in the current portfolio and a pipeline of more than 2 GW LAS VEGAS, Oct. 28, 2025 /PRNewswire/ -- CleanSpark, Inc. (NASDAQ:CLSK), America's Bitcoin Miner® (the "Company"), today announced it is working with Submer, a global leader in sustainable, modular AI data center design and construction to evaluate opportunities for future collaboration. The two companies
Seasoned global executive to drive expansion into AI data center infrastructure development LAS VEGAS, Oct. 20, 2025 /PRNewswire/ -- CleanSpark, Inc. (NASDAQ:CLSK), America's Bitcoin Miner® (the "Company"), today announced the appointment of Jeffrey Thomas as Senior Vice President of AI Data Centers. Thomas brings over four decades of global experience in emerging technologies and data center infrastructure development as CleanSpark positions itself for its next phase of growth. As Senior Vice President of AI Data Centers, Mr. Thomas will lead CleanSpark's strategy to expand b
Bitcoin treasury grows to over 13,000 and achieves year over year increases of more than 27% in monthly production and 26% in fleet efficiency Concluded transformative fiscal year with record milestones, strategic acquisitions andenhanced financial flexibility LAS VEGAS, Oct. 3, 2025 /PRNewswire/ -- CleanSpark, Inc. (NASDAQ:CLSK), America's Bitcoin Miner® (the "Company"), today released its unaudited Bitcoin mining and operations update for the month ended September 30, 2025. "September was monumental for CleanSpark as we strengthened our leadership team with key C-suite ap
Proceeds to accelerate data center growth and support Digital Asset Management team's Bitcoin treasury monetization LAS VEGAS, Sept. 25, 2025 /PRNewswire/ -- CleanSpark, Inc. (NASDAQ: CLSK), America's Bitcoin Miner® (the "Company"), today announced that it has expanded its capital strategy by opening a new $100 million Bitcoin-backed credit facility with Two Prime. This financing brings CleanSpark's total collateralized lending facilities to $400 million, providing additional non-dilutive capital to accelerate data center growth. Proceeds are expected to support Bitcoin mining
Proceeds to support strategic energy and compute growth Non-dilutive capital will be deployed into accretive assets across CleanSpark's portfolio LAS VEGAS, Sept. 22, 2025 /PRNewswire/ -- CleanSpark, Inc. (NASDAQ:CLSK), America's Bitcoin Miner® (the "Company"), today announced that it has expanded its capital strategy by increasing its Bitcoin-backed credit facility with Coinbase Prime (NASDAQ:COIN) by $100 million. The $100 million in financing will be deployed into strategic capital expenditures, including expanding CleanSpark's energy portfolio, scaling its Bitcoin mining
Gary A. Vecchiarelli, Scott Garrison, Taylor Monnig, and Harry Sudock are transitioning to new and expanded C-Suite leadership roles LAS VEGAS, Sept. 8, 2025 /PRNewswire/ -- CleanSpark, Inc. (NASDAQ:CLSK), America's Bitcoin Miner® (the "Company"), today announced a strategic realignment of its leadership team, with several key internal appointments and transitions to accelerate innovation, drive diversified growth, and strengthen the Company's long-term strategic trajectory. Today's appointments draw strength from the Company's tenured leadership team. Effective immediately,
12,827 BTC in treasury, grew average hashrate by 1.4 EH/s month over month LAS VEGAS, Sept. 3, 2025 /PRNewswire/ -- CleanSpark, Inc. (NASDAQ:CLSK), America's Bitcoin Miner® (the "Company"), today released its unaudited Bitcoin mining and operations update for the month ended August 31, 2025. "I am proud of the work our operations and technology teams accomplished in August as they successfully managed through the summer heat, raising our average operating hashrate month over month," said Taylor Monnig, Chief Technology Officer. "We will continue optimizing our sites ahead of
Board accepts Zachary Bradford's resignation as chief executive officer and director of CleanSpark LAS VEGAS, Aug. 11, 2025 /PRNewswire/ -- CleanSpark, Inc. (NASDAQ:CLSK) (the "Company"), America's Bitcoin Miner®, has named Matt Schultz, co-founder, executive chairman and former CEO of CleanSpark as CEO, effective immediately following the resignation of Zachary Bradford as an officer and director of the Company. Schultz founded CleanSpark and previously served as CEO and is currently Executive Chairman. He originally led the Company's growth in the energy sector and was instr
LAS VEGAS, March 10, 2025 /PRNewswire/ -- CleanSpark, Inc. (NASDAQ:CLSK), America's Bitcoin Miner® (the "Company"), today announced it will join the S&P SmallCap 600 index, effective prior to the open of trading on Monday, March 24, 2025. The S&P SmallCap 600 Index seeks to measure the small-cap segment of the U.S. equity market. "CleanSpark's inclusion in the S&P SmallCap 600 index is another significant milestone for our employees, investors and management team, and is an important recognition of our consistent performance," said Zach Bradford, CEO of CleanSpark. "Our inclu
NEW YORK, March 7, 2025 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 100, S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, March 24, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 100 are more representative of the mega-cap market space. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P
Live finance-specific insights
$198.6M quarterly revenue, up 91% from prior year Net income of $257.4 million, 90 cents basic EPS 12,703 bitcoin held in treasury and more than 1 GW of power under contract LAS VEGAS, Aug. 7, 2025 /PRNewswire/ -- CleanSpark, Inc. (NASDAQ:CLSK) (the "Company"), America's Bitcoin Miner®, today reported financial results for the quarter ended June 30, 2025. "This was the most successful quarter in CleanSpark's history, and it reflects the strength of our strategy, the discipline of our execution, and the tireless commitment of our team," said Zach Bradford, CEO of CleanSpark. "
$181.7M quarterly revenue, up 62.5% from prior year Bitcoin production grew to 1,957, with an average revenue per coin of $92,811 LAS VEGAS, May 8, 2025 /PRNewswire/ -- CleanSpark, Inc. (NASDAQ:CLSK) (the "Company"), America's Bitcoin Miner®, today reported financial results for the quarter ended March 31, 2025. "This was a quarter defined by discipline, scale, and continued strategic clarity," said Zach Bradford, CleanSpark's CEO. "As other players shift direction or decelerate growth, CleanSpark has doubled down on being the only remaining pure-play, public bitcoin miner. W
$162.3M quarterly revenue, up 120% from prior year $241.7M quarterly net income and basic EPS of $0.85 Marginal cost per coin decreases 6% to ~$34,000 at owned facilities LAS VEGAS, Feb. 6, 2025 /PRNewswire/ -- CleanSpark, Inc. (NASDAQ:CLSK) (the "Company"), America's Bitcoin Miner®, today reported financial results for the quarter ended December 31, 2024. "This quarter we saw the impact of continuous improvements across what we believe to be the most important industry metrics: operating hashrate, fleet efficiency, marginal cost to mine, bitcoin treasury, and portfolio uptime
Revenue grows 125% year over year Current hashrate surpasses 33.5 EH/s on track for 37 EH/s LAS VEGAS, Dec. 2, 2024 /PRNewswire/ -- CleanSpark, Inc. (NASDAQ:CLSK) (the "Company"), America's Bitcoin Miner®, today reported financial results for the fiscal year ended September 30, 2024. "Our performance this year reflects a sustained growth trajectory, solidifying our position as one of the top Bitcoin miners in the world, as we move into an anticipated new bull market," said CleanSpark CEO Zach Bradford. "Reflecting on the past year, our results in FY 2024 and the positioning o
LAS VEGAS, Sept. 17, 2024 /PRNewswire/ -- CleanSpark Inc. (NASDAQ:CLSK), America's Bitcoin Miner® (the "Company") today announced it has acquired two Bitcoin mining sites and associated land near Clinton, Mississippi, and closed on its second site in Wyoming. The Mississippi acquisitions have a combined purchase price of $5.775 million and will support a total of 16.5 MW. The sites are currently partially complete and the purchase price includes the cost to complete construction of the site infrastructure. The site will be delivered to the Company turnkey ready with an expecte
FY2024 Third Quarter Revenue of $104.1 million, net loss of ($236.2) million and Adjusted EBITDA of ($12.7) million Revenue grows 129% year over year Current hashrate surpasses 22 EH/s Partners with Coinbase on $50 million line of credit LAS VEGAS, Aug. 9, 2024 /PRNewswire/ -- CleanSpark, Inc. (NASDAQ:CLSK) (the "Company"), America's Bitcoin Miner®, today reported financial results for the three months ended June 30, 2024. "We had a tremendous quarter with a 24% increase in hashrate during the quarter and an 21% increase in efficiency year to date. We are also executing on
LAS VEGAS, Aug. 9, 2024 /PRNewswire/ -- CleanSpark Inc. (NASDAQ:CLSK), America's Bitcoin Miner® announced the new date and time for its fiscal third quarter 2024 financial results, now scheduled for today, August 9, 2024, at 4:30 PM ET / 1:30 PM PT. Webcast Information: To view the webcast, please click here. Conference Call Information:North America Toll-Free: (888) 330-2137International Toll: +1 (646) 960-0143Conference ID: 1382915 Downloadable files, including transcripts, will be available on the company website 48 hours after the event. About CleanSpark CleanSpark (NASDA
Initial 30 MW immersion-cooled data center expected to add over 2 EH/s to Company's hashrate in 2024 LAS VEGAS, Aug. 1, 2024 /PRNewswire/ -- CleanSpark Inc. (NASDAQ:CLSK), America's Bitcoin Miner® today announced it has executed 75 MW of power contracts and completed the acquisition of its first Bitcoin mining site in Wyoming. The first site, with a power capacity of 30 MW, is expected to add over 2 exahashes per second (EH/s) to CleanSpark's hashrate once operational. The Cheyenne location is planned to operate as a fully immersion-cooled site, becoming the second such facili
LAS VEGAS, July 31, 2024 /PRNewswire/ -- CleanSpark Inc. (NASDAQ:CLSK), America's Bitcoin Miner®, will discuss its fiscal third quarter 2024 financial results via a live webcast beginning at 4:30 p.m. EST/ 1:30 p.m. PST on Thursday, August 8, 2024. Results will be released after the close of regular trading on August 8, 2024. Webcast Information: To view the webcast, please click here. Conference Call Information: North America Toll-Free: (888) 330-2137International Toll: +1 (646) 960-0143Conference ID: 1382915Downloadable files, including transcripts, will be available on the
FY2024 Second Quarter Revenue of $111.8 million, net income of $126.7 million and Adjusted EBITDA of $181.8 million Revenue grows 163% YoY Current hashrate surpasses 17 EH/s LAS VEGAS, May 9, 2024 /PRNewswire/ -- CleanSpark, Inc. (NASDAQ:CLSK) (the "Company"), America's Bitcoin Miner™, today reported financial results for the three months ended March 31, 2024. The Company will hold its earnings call today at 1:30 p.m. PT / 4:30 p.m. ET. "We've achieved remarkable milestones this past quarter, ultimately becoming what we believe to be the top operator at scale in the industry