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.

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Type
Private
HQ
Poway, US
Founded
2012
Size (employees)
10 (est)
CleanSpark was founded in 2012 and is headquartered in Poway, US
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CleanSpark Office Locations

CleanSpark has an office in Poway
Poway, US (HQ)
13000 Gregg St
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CleanSpark Financials and Metrics

Summary Metrics

Founding Date

2012
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CleanSpark Financials

CleanSpark's revenue was reported to be $447.96 k in FY, 2017
USD

Revenue (Q2, 2018)

138.3 k

Gross profit (Q2, 2018)

54.6 k

Gross profit margin (Q2, 2018), %

39.5%

Net income (Q2, 2018)

(2.2 m)

EBIT (Q2, 2018)

(2.1 m)

Cash (31-Mar-2018)

172.2 k
Annual
USDFY, 2016FY, 2017

Revenue

82 k448 k

Cost of goods sold

31.3 k296.3 k

Gross profit

50.8 k151.7 k

Gross profit Margin, %

62%34%
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q2, 2018

Revenue

2.6 k83.9 k200.7 k138.3 k

Cost of goods sold

700 18 k174.6 k83.7 k

Gross profit

1.9 k65.9 k26.1 k54.6 k

Gross profit Margin, %

73%79%13%39%
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Cash

116.7 k88.5 k436.5 k57.1 k

Accounts Receivable

57.1 k41.9 k

Inventories

2.3 k7.7 k

Current Assets

137.9 k112.9 k604.4 k128.6 k
Quarterly
USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q2, 2018

Cash

62.3 k58.1 k170 k125.9 k140 k151.7 k81.9 k205.4 k238.4 k172.2 k

Accounts Receivable

75.1 k187.7 k55.2 k

Inventories

20.6 k277.5 k

Current Assets

65.3 k58.1 k228.9 k164.1 k150.6 k162 k93.8 k367.7 k475.3 k1.1 m
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Net Income

(45.1 k)(3.5 m)(2.5 m)(13.5 m)

Depreciation and Amortization

2.8 k578.5 k3.3 m

Inventories

Accounts Payable

(59 k)45.3 k(16.3 k)144
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q2, 2018

Net Income

(191.3 k)(3.4 m)(3.4 m)(72 k)(262.4 k)(395.9 k)(792.6 k)(2 m)(2.2 m)

Depreciation and Amortization

640 1.3 k2.1 k7.1 k20.5 k33.3 k488.8 k1.3 m422.7 k

Accounts Payable

(1.2 k)674 (3.4 k)(15.8 k)(42 k)6.2 k(24.8 k)(50.5 k)187.6 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)(653.2 k)
USDY, 2018

Revenue/Employee

15.4 k

Financial Leverage

1.1 x
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