CleanSpark’s vision is to empower communities through sustainable, secure, and reliable energy. CleanSpark accomplishes this through its pioneering work in fractalgrid technologies and federated enterprise services.

CleanSpark brings clean, sustainable energy solutions to institutional, commercial, industrial, and residential customers by providing advanced energy management and modeling software and systems products to enable the integration, installation, and operation & maintenance of virtual power plants and microgrids. Through CleanSpark’s suite of clean energy solutions, the Flex Power System, CleanSpark offers innovative solutions that deliver energy security at a price at or below the current price of electricity for a period of 25 years and beyond.

Founded in 2013 by the trio of Michael Firenze (President & CEO), Art Villanueva (CTO & CSO), and Bryan Huber (Managing Director, Emerging Markets), CleanSpark arose as the confluence of the defense, engineering, technology, construction, and architectural worlds to innovate solutions in the sustainable energy domain. The executive leadership of CleanSpark is committed to the providing a vertically integrated clean energy platform second to none.

CleanSpark’s partners include solar electric company Sungevity and commercial construction contractor Webcor Builders.

CleanSpark was founded in 2012 and is headquartered in Poway, US

CleanSpark has an office in Poway

Poway, US (HQ)

13000 Gregg St

## Founding Date | 2012 |

CleanSpark's revenue was reported to be $200.7 k in Q2, 2017

USD

## Revenue (Q2, 2017) | 200.7 k |

## Gross profit (Q2, 2017) | 26.1 k |

## Gross profit margin (Q2, 2017), % | 13% |

## Net income (Q2, 2017) | (2 m) |

## EBIT (Q2, 2017) | (1.1 m) |

## Cash (31-Mar-2017) | 238.4 k |

USD | FY, 2016^{} |
---|---|

## Revenue | 82 k |

## Cost of goods sold | 31.3 k |

## Gross profit | 50.8 k |

## Gross profit Margin, % | 62% |

## R&D expense | 1.8 k |

## General and administrative expense | 86.1 k |

## Operating expense total | 2.6 m |

## EBIT | (2.5 m) |

## EBIT margin, % | (3098%) |

## Interest expense | 32 |

## Net Income | (2.5 m) |

USD | Q1, 2014^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2015^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2016^{} | Q2, 2017^{} |
---|---|---|---|---|---|---|---|---|

## Revenue | 2.6 k | 83.9 k | 200.7 k | |||||

## Cost of goods sold | 700 | 18 k | 174.6 k | |||||

## Gross profit | 1.9 k | 65.9 k | 26.1 k | |||||

## Gross profit Margin, % | 73% | 79% | 13% | |||||

## R&D expense | 50 k | 2.2 k | 74 | 1.5 k | 368 | 50 k | 368 | |

## General and administrative expense | 17.8 k | 13.1 k | 8.3 k | 17.1 k | 9.6 k | 15.7 k | 67.3 k | 78.1 k |

## Operating expense total | 67.8 k | 15.3 k | 8.3 k | 18.5 k | 9.9 k | 65.7 k | 67.6 k | 78.1 k |

## EBIT | (186.2 k) | (3.2 m) | (54.8 k) | (72 k) | (191.1 k) | (133.5 k) | (779.8 k) | (1.1 m) |

## EBIT margin, % | (2144%) | (930%) | (546%) | |||||

## Interest expense | (5.1 k) | (997) | (105) | |||||

## Net Income | (191.3 k) | (3.4 m) | (3.4 m) | (72 k) | (262.4 k) | (395.9 k) | (792.6 k) | (2 m) |

USD | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|

## Cash | 116.7 k | 88.5 k | 436.5 k |

## Accounts Receivable | 57.1 k | ||

## Inventories | 2.3 k | ||

## Current Assets | 137.9 k | 112.9 k | 604.4 k |

## Goodwill | 4.9 m | ||

## Total Assets | 763.3 k | 817.4 k | 33 m |

## Accounts Payable | (589) | ||

## Total Debt | 89.7 k | ||

## Current Liabilities | 10.1 k | 55.4 k | 357.4 k |

## Total Liabilities | 357.4 k | ||

## Additional Paid-in Capital | 1.1 m | 4.6 m | 39.1 m |

## Total Equity | 708.3 k | 32.7 m | |

## Debt to Equity Ratio | 0.1 x | ||

## Debt to Assets Ratio | 0.1 x | ||

## Financial Leverage | 1.1 x | 1 x |

USD | Q3, 2014^{} | Q1, 2014^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2015^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2016^{} | Q2, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Cash | 62.3 k | 58.1 k | 170 k | 125.9 k | 140 k | 151.7 k | 81.9 k | 205.4 k | 238.4 k |

## Accounts Receivable | 75.1 k | 187.7 k | |||||||

## Inventories | 20.6 k | ||||||||

## Current Assets | 65.3 k | 58.1 k | 228.9 k | 164.1 k | 150.6 k | 162 k | 93.8 k | 367.7 k | 475.3 k |

## Goodwill | 4.9 m | 4.9 m | |||||||

## Total Assets | 690.2 k | 685.9 k | 877.1 k | 818.7 k | 859.6 k | 856.5 k | 781 k | 32.3 m | 31.7 m |

## Accounts Payable | 157.6 k | 1.4 k | 2.4 k | 2.4 k | 2.4 k | 589 | 589 | (6.3 k) | (6.3 k) |

## Current Liabilities | 157.6 k | 8.9 k | 10.8 k | 6.8 k | 39.7 k | 13.4 k | 61.7 k | 379.6 k | 234 k |

## Additional Paid-in Capital | 912.7 k | 1.3 m | 4.6 m | 4.6 m | 4.8 m | 5 m | 5 m | 39.1 m | 39.8 m |

## Total Equity | 482.6 k | 676.9 k | 866.3 k | 719.4 k | 31.9 m | 31.4 m | |||

## Financial Leverage | 1.4 x | 1 x | 1 x | 1.1 x | 1 x | 1 x |

USD | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|

## Net Income | (45.1 k) | (3.5 m) | (2.5 m) |

## Depreciation and Amortization | 2.8 k | 578.5 k | |

## Accounts Receivable | (37 k) | ||

## Accounts Payable | (59 k) | 45.3 k | (16.3 k) |

## Cash From Operating Activities | (103.5 k) | (190.7 k) | (438.2 k) |

## Purchases of PP&E | (77 k) | (9.7 k) | |

## Cash From Investing Activities | (3.5 k) | (79.5 k) | (20.9 k) |

## Cash From Financing Activities | 223.5 k | 242 k | 807 k |

USD | Q1, 2014^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2015^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2016^{} | Q2, 2017^{} |
---|---|---|---|---|---|---|---|---|

## Net Income | (191.3 k) | (3.4 m) | (3.4 m) | (72 k) | (262.4 k) | (395.9 k) | (792.6 k) | (2 m) |

## Depreciation and Amortization | 640 | 1.3 k | 2.1 k | 7.1 k | 20.5 k | 33.3 k | 488.8 k | 1.3 m |

## Accounts Receivable | (18 k) | (130.6 k) | ||||||

## Accounts Payable | (1.2 k) | 674 | (3.4 k) | (15.8 k) | (42 k) | 6.2 k | (24.8 k) | (50.5 k) |

## Cash From Operating Activities | (106.9 k) | (167 k) | (203.9 k) | (66.8 k) | (139.6 k) | (206.3 k) | (279.7 k) | (699.5 k) |

## Purchases of PP&E | (1.7 k) | (20.9 k) | (26.3 k) | (9.4 k) | (9.8 k) | (9.8 k) | (32.6 k) | (97) |

## Cash From Investing Activities | (1.7 k) | (21.8 k) | (28.9 k) | (11.7 k) | (12.3 k) | (15.3 k) | (17.2 k) | (66 k) |

## Cash From Financing Activities | 50 k | 242 k | 242 k | 130 k | 215 k | 215 k | 65.7 k | 567.3 k |

## Interest Paid | 105 |

USD | Y, 2017 |
---|---|

## Revenue/Employee | 24.1 k |

## Financial Leverage | 1 x |