OverviewSuggest Edit

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.

TypePublic
Founded2012
HQSan Diego, CA, US
Websitecleanspark.com
Employee Ratings3.9

Latest Updates

Employees (est.) (Sept 2019)20(+186%)
Revenue (FY, 2019)$4.5 M(+684%)
Share Price (Sept 2021)$12.8(-7%)
Cybersecurity ratingBMore

Key People/Management at CleanSpark

Zachary K. Bradford

Zachary K. Bradford

Chief Executive Officer, President & Director
Rachel Silverstein

Rachel Silverstein

Vp of Compliance and General Counsel
Lori Love

Lori Love

Chief Financial Officer
Owen Cadwalader

Owen Cadwalader

Vp of Operations
Amanda Kabak

Amanda Kabak

Chief Technology Officer
Amer Tadayon

Amer Tadayon

Chief Revenue Officer
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CleanSpark Office Locations

CleanSpark has offices in San Diego, Bountiful, Las Vegas and Woods Cross
San Diego, CA, US (HQ)
4360 Viewridge Ave Suite C
Bountiful, UT, US
70 N Main St STE 105
Las Vegas, NV, US
8475 S Eastern Ave #200
Woods Cross, UT, US
1185 S 1800 W #3
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CleanSpark Financials and Metrics

CleanSpark Revenue

CleanSpark's revenue was reported to be $4.53 m in FY, 2019
USD

Revenue (Q1, 2021)

2.3m

Gross profit (Q1, 2021)

1.2m

Gross profit margin (Q1, 2021), %

55%

Net income (Q1, 2021)

(7.2m)

EBIT (Q1, 2021)

(6.2m)

Market capitalization (8-Sept-2021)

434.4m

Closing stock price (8-Sept-2021)

12.8

Cash (31-Dec-2020)

25.6m

EV

412.3m
CleanSpark's current market capitalization is $434.4 m.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

2.6k82.0k448.0k578.6k4.5m

Cost of goods sold

700.031.3k296.3k390.8k3.2m

Gross profit

1.9k50.8k151.7k187.9k1.3m

Gross profit Margin, %

73%62%34%32%29%
Quarterly
USDQ3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q1, 2013Q3, 2013Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

2.6k83.9k200.7k103.9k18.1k120.3k328.6k262.9k723.9k1.2m976.8k3.7m3.4m2.3m

Cost of goods sold

700.018.0k174.6k71.3k6.5k77.3k288.4k223.3k592.0k1.0m882.7k2.9m2.8m1.0m

Gross profit

1.9k65.9k26.1k32.6k11.6k43.0k40.2k39.6k131.9k216.6k94.1k736.7k686.7k1.2m

Gross profit Margin, %

73%79%13%31%64%36%12%15%18%18%10%20%20%55%
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

208.0413.0270.0116.7k88.5k436.5k57.1k7.8m

Accounts Receivable

57.1k41.9k777.7k

Prepaid Expenses

1.4k

Inventories

2.3k
Quarterly
USDQ3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q1, 2013Q3, 2013Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Cash

723.0387.098.0567.0483.0796.0403.02.8k62.3k58.1k170.0k125.9k140.0k151.7k81.9k205.4k238.4k150.0k41.9k172.2k17.5k4.6m1.6m8.0m6.4m4.5m2.0m25.6m

Accounts Receivable

75.1k187.7k38.6k26.4k55.2k34.0k148.6k430.1k784.1k707.5k1.4m1.7m1.6m

Prepaid Expenses

818.03.0k1.1m3.4m

Inventories

20.6k145.9k276.8k
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

(37.8k)(19.7k)(31.8k)(45.1k)(3.5m)(2.5m)(13.5m)(47.0m)(26.1m)

Depreciation and Amortization

1.5k2.8k578.5k3.3m855.0k1.9m

Accounts Payable

2.6k6.0k(59.0k)45.3k(16.3k)144.044.8k

Cash From Operating Activities

(4.8k)(795.0)357.0(103.5k)(190.7k)(438.2k)(1.4m)(1.3m)
Quarterly
USDQ3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q1, 2013Q3, 2013Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Net Income

(14.2k)(6.1k)(10.2k)(14.7k)(9.7k)(6.1k)(21.3k)(60.8k)(71.7k)(191.3k)(3.4m)(3.4m)(72.0k)(262.4k)(395.9k)(792.6k)(2.0m)(3.5m)(1.1m)(2.2m)(8.5m)(2.3m)(10.0m)(14.0m)(1.9m)(7.7m)(16.3m)(7.2m)232.5k

Depreciation and Amortization

640.01.3k2.1k7.1k20.5k33.3k488.8k1.3m2.3m560.5k422.7k632.7k157.5k657.1k1.3m626.8k1.3m2.0m1.1m3.2m

Inventories

145.9k276.8k793.9k

Accounts Payable

1.1k(860.0)(3.4k)(3.9k)3.2k4.0k(10.2k)(1.2k)674.0(3.4k)(15.8k)(42.0k)6.2k(24.8k)(50.5k)(53.2k)25.4k187.6k55.0k253.0k128.3k428.8k221.1k2.1m2.3m(2.4m)(2.9m)
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CleanSpark Cybersecurity Score

Cybersecurity ratingPremium dataset

B

83/100

SecurityScorecard logo

CleanSpark Online and Social Media Presence

Embed Graph

CleanSpark News and Updates

CleanSpark to Discuss its Bitcoin Mining Growth with Water Tower Research

SALT LAKE CITY, Aug. 23, 2021 (GLOBE NEWSWIRE) -- CleanSpark, Inc. (Nasdaq: CLSK) (the “Company” or “CleanSpark”), a sustainable bitcoin mining and diversified energy company, announced today that CEO Zach Bradford will participate in Water Tower Research’s Sustainable Investing Fireside Chat Seri…

CleanSpark Announces its Third Quarter 2021 Earnings Call Date and Time

SALT LAKE CITY, Aug. 04, 2021 (GLOBE NEWSWIRE) -- CleanSpark, Inc. (Nasdaq: CLSK) (the "Company" or "CleanSpark"), a clean Bitcoin mining and a diversified software and services company, today announced that it will hold the Company's third quarter 2021 live virtual earnings presentation and busin…

Thinking about buying stock in Dynatronics, Tyme Technologies, Lithium Americas, CleanSpark, or Mogo?

NEW YORK, July 26, 2021 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for DYNT, TYME, LAC, CLSK, and MOGO. To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selecting the corresponding link....

CleanSpark Announces Agreement with ESG-Focused Crypto-Miner, Coinmint

SALT LAKE CITY, July 14, 2021 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK) (the "Company" or "CleanSpark"), a diversified software, services and Bitcoin mining company, today announced that it has entered into an agreement with a new partner, Coinmint, pursuant to which it expects to...

CleanSpark CEO to Participate in Water Tower Research Fireside Chat

Company Executive Chairman Will Also Present in Renmark’s Virtual Roadshow Company Executive Chairman Will Also Present in Renmark’s Virtual Roadshow

CleanSpark Updates Performance of Newly-Commissioned Southern California Microgrid

Solar and Storage Microgrid Project Delivers Significant First Month Energy Cost Savings Solar and Storage Microgrid Project Delivers Significant First Month Energy Cost Savings
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CleanSpark Blogs

CleanBlok Shares Approach to Sustainable Bitcoin Mining at Digital Mining Energy Conference 2021

Bitcoin is more mainstream than ever, but there’s a certain stigma that surrounds mining the popular cryptocurrency due to its high energy consumption. CleanBlok, CleanSpark’s bitcoin mining division, is making a concerted effort to change how the digital currency is mined with a focus on renewable …

CleanSpark’s GridFabric Releases Version Three of OpenADR Software Canvas

What is Canvas? Canvas’s grid flexibility and automated demand response software helps ensure electricity is used when it’s the most clean and cheap. It also makes the power grid more efficient, which in turn lowers the cost of providing power. The updates are especially appealing to grid operators …

Benefits of Adding Energy Storage to Your Residential Solar System

The increase in installation rates of solar power nationwide has made energy storage systems more affordable than ever. If you purchased solar to decrease your home’s utility bill and ultimately reduce your carbon-footprint then why not double down on your investment and make it truly worthwhile? Th…

Open ADR Case Study

Introduction It’s no secret that being a homeowner can be an expensive investment when combining mortgage payments, utilities, home improvements and lawn care. This is a common theme among homeowners across the country with properties ranging from small cottages to whole estates. Some often brainsto…

Camp Pendleton

Introduction Client: Camp PendletonLocation: San Diego, CaliforniaCompletion: 2013 CleanSpark Microgrid System DetailsmPulse Software and Controls PV System300 kW Concentrated PV System250 kW Diesel Genset250 kW Flywheels(2) 36 kW / 120 kWh Gel Batteries25 kW / 30 kWh Ground Source Geothermal Heat P…

Rams Hill

Introduction Client: Rams Hill Golf ClubLocation: Borrego Springs, CaliforniaCompletion: 2015 CleanSpark Microgrid System DetailsmPulse Software and Controls Plug-n-play microgrid ready design‍ PV System829 kW Features‍ CleanSpark designed a behind-the-meter 12 kV scalable microgrid for customer sav…
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CleanSpark Frequently Asked Questions

  • When was CleanSpark founded?

    CleanSpark was founded in 2012.

  • Who are CleanSpark key executives?

    CleanSpark's key executives are Zachary K. Bradford, Rachel Silverstein and Lori Love.

  • How many employees does CleanSpark have?

    CleanSpark has 20 employees.

  • What is CleanSpark revenue?

    Latest CleanSpark annual revenue is $4.5 m.

  • What is CleanSpark revenue per employee?

    Latest CleanSpark revenue per employee is $226.6 k.

  • Who are CleanSpark competitors?

    Competitors of CleanSpark include Electric Hydrogen, Lightsource bp and NEXTracker.

  • Where is CleanSpark headquarters?

    CleanSpark headquarters is located at 4360 Viewridge Ave Suite C, San Diego.

  • Where are CleanSpark offices?

    CleanSpark has offices in San Diego, Bountiful, Las Vegas and Woods Cross.

  • How many offices does CleanSpark have?

    CleanSpark has 4 offices.