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, US
Websitecleanspark.com

Latest Updates

Employees (est.) (Sept 2019)20(+186%)
Revenue (FY, 2019)$4.5 M(+684%)
Share Price (Oct 2020)$8 (+11%)
Cybersecurity ratingDMore

Key People/Management at CleanSpark

Zachary K. Bradford

Zachary K. Bradford

Chief Executive Officer, President & Director
Lori Love

Lori Love

Chief Financial Officer
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, US (HQ)
4360 Viewridge Ave Suite C
Bountiful, US
70 N Main St STE 105
Las Vegas, US
7935 W Badura Ave STE 1040
Las Vegas, US
8475 S Eastern Ave #200
Woods Cross, 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 (Q3, 2020)

3.4m

Gross profit (Q3, 2020)

686.7k

Gross profit margin (Q3, 2020), %

20%

Net income (Q3, 2020)

(8.6m)

EBIT (Q3, 2020)

(2.1m)

Market capitalization (29-Oct-2020)

174.5m

Closing stock price (29-Oct-2020)

8.0

Cash (30-Jun-2020)

2.0m

EV

174.0m
CleanSpark's current market capitalization is $174.5 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, 2020

Revenue

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

Cost of goods sold

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

Gross profit

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

Gross profit Margin, %

73%79%13%31%64%36%12%15%18%18%10%20%20%
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, 2020

Cash

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

Accounts Receivable

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

Prepaid Expenses

818.03.0k1.1m

Inventories

20.6k145.9k
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, 2020

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)

Depreciation and Amortization

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

Inventories

145.9k

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
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CleanSpark Cybersecurity Score

Cybersecurity ratingPremium dataset

D

61/100

SecurityScorecard logo

CleanSpark Online and Social Media Presence

Embed Graph

CleanSpark News and Updates

CleanSpark Announces Pricing of $40.0 Million Underwritten Public Offering

SALT LAKE CITY, Oct. 6, 2020 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK), a diversified software and services company, tonight announced the pricing of its previously announced underwritten public offering of 4,444,445 shares of common stock at a public offering price of $9.00 per...

CleanSpark Commissions Software on New Microgrid Featuring Tesla Batteries

SALT LAKE CITY, Sept. 21, 2020 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK), "the Company", a diversified software and services company announced the commissioning of its software on a new solar plus storage microgrid project in Central America. CleanSpark is partnered with an energy...

Thinking about buying stock in CleanSpark, Atara Biotherapeutics, FuelCell Energy, Sorrento Therapeutics, or Plug Power?

NEW YORK, Sept. 11, 2020 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for CLSK, ATRA, FCEL, SRNE, and PLUG. To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selecting the corresponding...

CleanSpark Announces Multi-Unit Switchgear Contract and Expansion into New Markets

SALT LAKE CITY, Sept. 10, 2020 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK), a diversified software and services company, today announced that it has received a contract for multiple units of its intelligent switchgear equipment from a long-term energy development partner based in...

CleanSpark Completes Strategic Acquisition of GridFabric

SALT LAKE CITY, Aug. 31, 2020 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK), a diversified software and services company has completed a strategic acquisition of GridFabric, LLC. Further, CleanSpark is pleased to announce that the principals of GridFabric, Mr. Ben Dupont and Mr. Matt...

Thinking about buying stock in Oragenics Inc, Fortress Biotech, Super League Gaming, CleanSpark Inc, or iBio Inc?

NEW YORK, Aug. 21, 2020 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for OGEN, FBIO, SLGG, CLSK, and IBIO. To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selecting the corresponding link....
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CleanSpark Blogs

CleanSpark, Inc. Continues to Bolster Management Team with Addition of Former Lending Tree New Products Director as VP of Marketing

SALT LAKE CITY, April 21, 2020 (GLOBE NEWSWIRE) — CleanSpark, Inc. (Nasdaq: CLSK), a diversified software and services company announced today that it has continued to make key hires to support product and revenue growth. CleanSpark most recently hired Marty Weishaar as Vice President of Marketing. …

CleanSpark to Present in the alphaDIRECT Virtual Conference Series on May 20th, 2020

SALT LAKE CITY, May 18, 2020 /PRNewswire/ — CleanSpark, Inc. (Nasdaq: CLSK), a diversified software development and intelligent energy services company, today announced that it will be participating in the alphaDIRECT Virtual Conference Series on Wednesday, May 20th, at 2:00 PM ET. Amanda Kabak, Cle…

CleanSpark Announces Significant Upgrades to its Cutting-Edge Analytics and Modeling Software

SALT LAKE CITY, June 16, 2020 /PRNewswire/ — CleanSpark, Inc. (NASDAQ: CLSK), a diversified software and services company today announced the release of improved features and an optimized user interface to its proprietary energy analytics software. The update provides a new look and feel as well as …

CleanSpark Announces Valuable Coronavirus (COVID-19) Data is Available Nationwide Through a Mobile App Designed by Wholly Owned Subsidiary, P2Klabs, Inc.

SALT LAKE CITY, March 17, 2020 (GLOBE NEWSWIRE) — CleanSpark, Inc. (Nasdaq: CLSK), a diversified software and intelligent energy services company, is pleased to announce that a mobile application it was engaged to design is helping keep residents nationwide aware of the Coronavirus risks in their ne…

CleanSpark and Smart Wires Named Top 10 Winners in Global Cleantech Cluster Association Awards

The Global Cleantech Cluster Association (GCCA) has named the Global Top 10 Winners for its 6th GCCA Later Stage Awards 2016.  The mid- to late-stage companies originate from the major cleantech industries, including solar, wind, and clean web to lighting, energy efficiency, mobility, urban agricult…

CleanSpark Announces California Off-Grid Software Deployment and Provides Revenue Update

SALT LAKE CITY, June 23, 2020 /PRNewswire/ — CleanSpark, Inc. (NASDAQ: CLSK), a diversified software and services company, announced the successful commissioning and deployment of its mPulse software on a comprehensive off-grid installation system located in California City, California. CleanSpark p…
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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, Lori Love and Amanda Kabak.

  • 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 Affordable Solar, CoroSolar and d.light design.

  • 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 5 offices.