CLSK on Nasdaq
CleanSpark
Logo: cleanspark.com4
American Bitcoin mining company based in Henderson, founded in 20141
In its 2025 annual report the company says: “CleanSpark is a data center developer, until recently focused exclusively on bitcoin mining. We independently own, lease and operate a large portfolio of data centers and power assets across the United States with locations in Georgia, Tennessee, Mississippi and Wyoming for a total contracted power capacity of approximately 1,027 megawatts as of September 30, 2025.”8 Its shares trade on Nasdaq under the symbol CLSK.1
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Last updated Oct 21, 2026.
Overview
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- TickerCLSK on Nasdaq1
- IndustryFinance Services1
- HeadquartersHenderson1
- Websitewww.cleanspark.com
- Incorporated inNV6
- Business address10624 S. Eastern Ave., Suite A - 638, Henderson, Nv 890526
- Filer categoryLarge accelerated filer6
- Legal formProfit Corporation3
- LEI254900VO7KBRJQDGY8103
- StatusActive3
- LEI statusIssued and current3
- Registered addressC/O Corporate Creations Network Inc., 89703 Carson City, United States3
- Registered withBusiness Center (Secretary of State), NV198710357533
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CleanSpark is a data center developer, until recently focused exclusively on bitcoin mining. We independently own, lease and operate a large portfolio of data centers and power assets across the United States with locations in Georgia, Tennessee, Mississippi and Wyoming for a total contracted power capacity of approximately 1,027 megawatts (“MW”) as of September 30, 2025. We intend to continue our growth in these regions and are actively developing plans for additional capacity in these states and other domestic regions. We have no intention to mine, purchase or hold any crypto assets other than bitcoin at this time or in the foreseeable future, and we did not hold any other crypto asset as of September 30, 2025.8 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
41.6%Operating margin5
47.6%Net margin5
102.2%Revenue growth, 20255
16.8%Return on equity5
0.30×Debt to equity5
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue45¢$343.1M
- Other costs1¢$8.3M
- Interest1¢$11.3M
- Income tax5¢$39.1M
- Profit48¢$364.5M
Out of $766.3M in revenue.5
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.5
| Period ending | 2025-09-30 | 2024-09-30 | 2023-09-30 |
|---|---|---|---|
| Bitcoin mining revenue, net | $766.3M | $379.0M | $168.1M |
| Other services revenue | $0 | $0 | $287.0K |
| Total revenues, net | $766.3M | $379.0M | $168.4M |
| Cost of revenues (exclusive of depreciation and amortization shown below) | $343.1M | $165.5M | $93.6M |
| Professional fees | $13.8M | $13.8M | $10.9M |
| Payroll expenses | $104.4M | $74.1M | $45.7M |
| General and administrative expenses | $52.6M | $30.2M | $20.8M |
| (Gain) loss on disposal of assets | -$336.0K | $5.5M | $1.9M |
| Gain on fair value of bitcoin, net | -$425.6M | -$113.4M | $0 |
| Depreciation and amortization | $348.3M | $154.6M | $120.7M |
| Indirect tax contingency expenses | $11.1M | $0 | $0 |
| Impairment expense - bitcoin | $0 | $0 | $7.2M |
| Impairment expense - fixed assets | $0 | $197.0M | $0 |
| Impairment expense - other | $0 | $716.0K | $0 |
| Realized gain on sale of bitcoin | $0 | $0 | -$1.4M |
| Total costs and expenses | $447.4M | $528.0M | $299.5M |
| Income (loss) from operations | $318.9M | -$149.0M | -$131.0M |
| Gain on fair value of contingent consideration | $0 | $0 | $2.5M |
| Gain on bitcoin collateral | $92.2M | $1.5M | $0 |
| Loss on derivative securities, net | -$1.5M | -$965.0K | -$259.0K |
| Interest income | $4.1M | $8.6M | $481.0K |
| Interest expense | -$11.3M | -$2.5M | -$3.0M |
| Other Income | $1.2M | $0 | $11.0K |
| Total other income (expense) | $84.6M | $6.6M | -$260.0K |
| Income (loss) before income tax expense (benefit) | $403.6M | -$142.4M | -$131.3M |
| Income tax expense | $39.1M | $3.3M | $2.4M |
| Income (loss) from operations | $364.5M | -$145.8M | -$133.7M |
| (Loss) from discontinued operations | $0 | $0 | -$4.4M |
| Net income (loss) | $364.5M | -$145.8M | -$138.1M |
| Preferred stock dividends | $11.1M | $3.4M | $0 |
| Net income (loss) attributable to common shareholders | $353.3M | -$149.2M | -$138.1M |
| Other comprehensive (loss) income, net of tax | -$418.0K | $192.0K | $116.0K |
| Total comprehensive income (loss) attributable to common shareholders | $352.9M | -$149.0M | -$138.0M |
| Income (loss) from continuing operations per common share - basic | $1 | -$1 | -$1 |
| Weighted average common shares outstanding - Basic | 282.2M shares | 216.9M shares | 102.7M shares |
| Income (loss) from continuing operations per common share - diluted | $1 | -$1 | -$1 |
| Weighted average common shares outstanding - Diluted | 317.8M shares | 216.9M shares | 102.7M shares |
| (Loss) on discontinued operations per common share - basic | $0 | $0 | -$0 |
| Weighted average common shares outstanding - basic | 282.2M shares | 216.9M shares | 102.7M shares |
| (Loss) on discontinued operations per common share - diluted | $0 | $0 | -$0 |
| Weighted average common shares outstanding - diluted | 317.8M shares | 216.9M shares | 102.7M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.5
| Period ending | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 |
|---|---|---|---|---|
| Cash and cash equivalents | $43.0M | $121.2M | ||
| Restricted Cash | $3.5M | $3.1M | ||
| Prepaid expense and other current assets | $11.9M | $8.0M | ||
| Bitcoin - current | $966.8M | $431.7M | ||
| Receivable from bitcoin collateral | $294.6M | $77.8M | ||
| Note receivable from GRIID | $0 | $60.9M | ||
| Derivative investments | $233.0K | $1.8M | ||
| Investment in debt security, AFS, at fair value | $0 | $918.0K | ||
| Total current assets | $1.3B | $705.4M | ||
| Bitcoin - noncurrent | $222.6M | $0 | ||
| Property and equipment, net | $1.4B | $869.7M | ||
| Right of use assets | $4.3M | $3.3M | ||
| Intangible assets, net | $5.8M | $3.0M | ||
| Deposits on miners and mining equipment | $112.0M | $359.9M | ||
| Other long-term asset | $23.5M | $13.3M | ||
| Goodwill | $131.7M | $8.0M | $8.0M | $0 |
| Total assets | $3.2B | $2.0B | ||
| Accounts payable | $15.2M | $83.0M | ||
| Accrued liabilities | $117.5M | $43.9M | ||
| Other current liabilities | $6.1M | $2.2M | ||
| Current portion of debt | $176.6M | $58.8M | ||
| Dividends payable | $396.0K | $0 | ||
| Total current liabilities | $315.8M | $187.9M | ||
| Long-term debt, net of current portion, debt discount and debt issuance costs | $644.6M | $7.2M | ||
| Deferred income taxes | $44.9M | $5.8M | ||
| Other long-term liabilities | $3.3M | $997.0K | ||
| Total liabilities | $1.0B | $201.8M | ||
| Preferred stock; $0.001 par value; 10,000,000 shares authorized; Series A shares; 2,000,000 authorized; 1,750,000 issued and outstanding (liquidation preference $0.02 per share) Series X shares; 0 and 1,000,000 authorized, issued and outstanding, respectively | $2.0K | $3.0K | ||
| Common stock; $0.001 par value; 600,000,000 and 300,000,000 shares authorized; 296,087,533 and 270,897,784 shares issued; 284,327,598 and 270,897,784 shares outstanding, respectively | $296.0K | $271.0K | ||
| Additional paid-in capital | $2.4B | $2.2B | ||
| Accumulated other comprehensive income | $0 | $418.0K | ||
| Accumulated deficit | -$125.9M | -$479.2M | ||
| Treasury stock at cost; 11,759,935 and 0 shares held, respectively | -$145.0M | $0 | ||
| Total stockholders' equity | $2.2B | $1.8B | $675.7M | $404.0M |
| Total liabilities and stockholders' equity | $3.2B | $2.0B | ||
| Common Stock, Par or Stated Value Per Share | $0.00 | $0.00 | ||
| Common Stock, Shares Authorized | 600.0M shares | 300.0M shares | ||
| Common Stock, Shares Outstanding | 284.3M shares | 270.9M shares | ||
| Common Stock, Shares Issued | 296.1M shares | 270.9M shares | ||
| Preferred Stock, Par or Stated Value Per Share | $0.00 | $0.00 | ||
| Preferred Stock, Shares Authorized | 10.0M shares | 10.0M shares | ||
| Treasury stock, shares | 11.8M shares | 0 shares |
| Period ending | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 |
|---|---|---|---|---|
| Cash and cash equivalents | $43.0M | $121.2M | ||
| Restricted Cash | $3.5M | $3.1M | ||
| Prepaid expense and other current assets | $11.9M | $8.0M | ||
| Bitcoin - current | $966.8M | $431.7M | ||
| Receivable from bitcoin collateral | $294.6M | $77.8M | ||
| Note receivable from GRIID | $0 | $60.9M | ||
| Derivative investments | $233.0K | $1.8M | ||
| Investment in debt security, AFS, at fair value | $0 | $918.0K | ||
| Total current assets | $1.3B | $705.4M | ||
| Bitcoin - noncurrent | $222.6M | $0 | ||
| Property and equipment, net | $1.4B | $869.7M | ||
| Right of use assets | $4.3M | $3.3M | ||
| Intangible assets, net | $5.8M | $3.0M | ||
| Deposits on miners and mining equipment | $112.0M | $359.9M | ||
| Other long-term asset | $23.5M | $13.3M | ||
| Goodwill | $131.7M | $8.0M | $8.0M | $0 |
| Total assets | $3.2B | $2.0B | ||
| Accounts payable | $15.2M | $83.0M | ||
| Accrued liabilities | $117.5M | $43.9M | ||
| Other current liabilities | $6.1M | $2.2M | ||
| Current portion of debt | $176.6M | $58.8M | ||
| Dividends payable | $396.0K | $0 | ||
| Total current liabilities | $315.8M | $187.9M | ||
| Long-term debt, net of current portion, debt discount and debt issuance costs | $644.6M | $7.2M | ||
| Deferred income taxes | $44.9M | $5.8M | ||
| Other long-term liabilities | $3.3M | $997.0K | ||
| Total liabilities | $1.0B | $201.8M | ||
| Preferred stock; $0.001 par value; 10,000,000 shares authorized; Series A shares; 2,000,000 authorized; 1,750,000 issued and outstanding (liquidation preference $0.02 per share) Series X shares; 0 and 1,000,000 authorized, issued and outstanding, respectively | $2.0K | $3.0K | ||
| Common stock; $0.001 par value; 600,000,000 and 300,000,000 shares authorized; 296,087,533 and 270,897,784 shares issued; 284,327,598 and 270,897,784 shares outstanding, respectively | $296.0K | $271.0K | ||
| Additional paid-in capital | $2.4B | $2.2B | ||
| Accumulated other comprehensive income | $0 | $418.0K | ||
| Accumulated deficit | -$125.9M | -$479.2M | ||
| Treasury stock at cost; 11,759,935 and 0 shares held, respectively | -$145.0M | $0 | ||
| Total stockholders' equity | $2.2B | $1.8B | $675.7M | $404.0M |
| Total liabilities and stockholders' equity | $3.2B | $2.0B | ||
| Common Stock, Par or Stated Value Per Share | $0.00 | $0.00 | ||
| Common Stock, Shares Authorized | 600.0M shares | 300.0M shares | ||
| Common Stock, Shares Outstanding | 284.3M shares | 270.9M shares | ||
| Common Stock, Shares Issued | 296.1M shares | 270.9M shares | ||
| Preferred Stock, Par or Stated Value Per Share | $0.00 | $0.00 | ||
| Preferred Stock, Shares Authorized | 10.0M shares | 10.0M shares | ||
| Treasury stock, shares | 11.8M shares | 0 shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.5
| Period ending | 2025-09-30 | 2024-09-30 | 2023-09-30 |
|---|---|---|---|
| Net loss | $364.5M | -$145.8M | -$138.1M |
| Less: Loss from discontinued operations | $0 | $0 | $4.4M |
| Bitcoin mining revenue, net | -$766.3M | -$379.0M | -$168.1M |
| Gain on fair value of bitcoin, net | -$425.6M | -$113.4M | $0 |
| Proceeds from sale of bitcoin | $0 | $0 | $116.3M |
| Realized gain on sale of bitcoin | $0 | $0 | -$1.4M |
| Bitcoin issued for services | $1.9M | $1.1M | $720.0K |
| Impairment expense - fixed assets | $0 | $197.0M | $0 |
| Impairment expense - other | $0 | $716.0K | $0 |
| Impairment expense - bitcoin | $0 | $0 | $7.2M |
| Loss on derivative securities, net | $1.5M | $965.0K | $259.0K |
| Gain on fair value of contingent consideration | $0 | $0 | -$2.5M |
| Gain on bitcoin collateral | -$92.2M | -$1.5M | $0 |
| Stock based compensation | $45.3M | $29.6M | $24.1M |
| Depreciation and amortization | $348.3M | $154.6M | $120.7M |
| Deferred income taxes, net | $39.1M | $3.3M | $2.4M |
| (Gain) loss on disposal of assets | -$336.0K | $5.5M | $1.9M |
| Other | $3.2M | $474.0K | $662.0K |
| Decrease in operating lease liabilities | -$1.1M | -$287.0K | -$70.0K |
| Increase in accounts payable and accrued liabilities | $32.8M | $19.7M | $13.2M |
| Increase (decrease) in prepaid expenses and other current assets | -$5.1M | -$3.4M | $2.6M |
| Increase Decrease In Other Long Term Assets | -$7.2M | -$2.9M | -$2.9M |
| Net cash (used in) provided by operating activities of continuing operations | -$461.0M | -$233.2M | -$18.6M |
| Net cash (used in) provided by operating activities of discontinued operations | $0 | -$508.0K | $1.3M |
| Net cash (used in) provided by operating activities | -$461.0M | -$233.7M | -$17.2M |
| Payments on miners and mining equipment (including deposits) | -$418.2M | -$740.3M | -$239.4M |
| Purchase of fixed assets | -$144.7M | -$66.1M | -$61.5M |
| Purchase of bitcoin | -$160.2M | $0 | $0 |
| Proceeds from sale of bitcoin and option settlement | $378.2M | $43.1M | $0 |
| Proceeds from sale of miners | $41.7M | $1.4M | $34.0K |
| Proceeds from sale of derivative contracts | $9.7M | $0 | $0 |
| Acquisition of GRIID Infrastructure | $1.4M | $0 | $0 |
| Asset acquisition - LaFayette, GA Location | -$1.4M | $0 | $0 |
| Asset acquisition - Twin City, GA Location | -$5.5M | $0 | $0 |
| Asset Acquisition - Tennessee Locations | -$8.1M | -$18.4M | $0 |
| Asset Acquisition - Wyoming Locations | $0 | -$25.9M | $0 |
| Asset acquisition - LN Energy | $0 | -$25.9M | $0 |
| Asset Acquisition - Mississippi Locations | $0 | -$22.8M | $0 |
| Asset acquisition - Dalton, GA Locations | $0 | -$3.6M | -$9.4M |
| Asset acquisition - Land in Sandersville, GA | $0 | -$1.0M | -$1.4M |
| Acquisition of Mawson | $0 | $0 | -$22.5M |
| Notes receivable from GRIID | $0 | -$60.9M | $0 |
| Other | $1.5M | $0 | $0 |
| Net cash used in investing activities of continuing operations | -$305.7M | -$920.4M | -$334.2M |
| Net cash provided by investing activities of discontinued operations | $0 | $0 | $2.2M |
| Net cash used in investing activities | -$305.7M | -$920.4M | -$331.9M |
| Purchase of treasury stock | -$145.0M | $0 | $0 |
| Payments for capped call | -$90.3M | $0 | $0 |
| Payments on debt | -$136.0M | -$7.3M | -$14.5M |
| Payments of debt issuance costs | -$2.0M | $0 | $0 |
| Payments on preferred dividends | -$10.7M | -$3.4M | -$21.0K |
| Payments on finance leases | -$25.0K | -$93.0K | -$301.0K |
| Refund of debt commitment fee | $0 | $0 | $150.0K |
| Proceeds from debt, net of issuance fees | $889.2M | $50.0M | $1.9M |
| Payments of taxes on shares withheld for net settlement of restricted stock units | -$4.0M | -$22.7M | -$5.6M |
| Proceeds from exercise of options and warrants | $922.0K | $753.0K | $0 |
| Proceeds from equity offerings, net | $186.8M | $1.2B | $376.2M |
| Net cash provided by financing activities | $688.9M | $1.2B | $357.9M |
| Net increase in cash, cash equivalents, and restricted cash | -$77.8M | $95.1M | $8.8M |
| Cash paid for interest | $8.9M | $2.1M | $2.9M |
| Shares issued for settlement of contingent consideration related to business acquisition | $0 | $0 | $2.8M |
| Receivable for equity proceeds | $0 | $0 | $9.6M |
| Fixed asset and miner purchases accrued not paid | $1.1M | $67.6M | $27.4M |
| Shares withheld for net settlement of restricted stock units related to tax withholdings | $2.4M | $22.6M | $5.9M |
| Fixed assets purchased through finance transactions | $1.5M | $7.2M | $493.0K |
| Miners and derivatives purchased with bitcoin | $80.9M | $0 | $0 |
| Software purchased with bitcoin | $7.0M | $541.0K | $229.0K |
| Preferred shares dividends accrued | $396.0K | $0 | $0 |
| Unrealized gain on investment in available-for-sale debt security | $0 | $0 | -$116.0K |
| Shares issued in connection with GRIID Acquisition | $60.7M | $0 | $0 |
No quarter-by-quarter statement was filed.
Corporate structure
CleanSpark sits at the top of its group. 50 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of CleanSpark
- D. E. SHAW & CO, L.P. Filed SCHEDULE 13G on CleanSpark, latest Jul 17, 2026
- BANK OF NOVA SCOTIA Filed SCHEDULE 13G on CleanSpark, latest Jul 15, 2026
- DIMENSIONAL FUND ADVISORS LP Filed SCHEDULE 13G/A on CleanSpark, latest Jul 14, 2026 (2 filings since Apr 9, 2026)
- VANGUARD CAPITAL MANAGEMENT LLC Filed SCHEDULE 13G on CleanSpark, latest Apr 29, 2026
- VANGUARD GROUP INC Filed SCHEDULE 13G/A on CleanSpark, latest Mar 26, 2026 (5 filings since Nov 4, 2024)
- SUSQUEHANNA SECURITIES, LLC Filed SCHEDULE 13G/A on CleanSpark, latest Feb 13, 2026 (2 filings since Nov 13, 2025)
- BlackRock Filed SCHEDULE 13G/A on CleanSpark, latest Apr 3, 2025 (7 filings since Feb 4, 2022)
- CleanSpark Henderson, Nevada, United States
- ATL Data Centers LLC Subsidiary · Georgia, United States
- Ava Data LLC Subsidiary · Delaware, United States
- Avalon Data LLC Subsidiary · Delaware, United States
- Badin Data LLC Subsidiary · Delaware, United States
- Campbell Junction Technologies LLC Subsidiary · Tennessee, United States
- CleanBlok, Inc. Subsidiary · Georgia, United States
- CleanSpark Data I, LLC Subsidiary · Delaware, United States
- CleanSpark DW, LLC Subsidiary · Georgia, United States
- CleanSpark Fort Loudoun, LLC Subsidiary · Tennessee, United States
- CleanSpark GA, LLC Subsidiary · Georgia, United States
- CleanSpark GLP, LLC Subsidiary · Georgia, United States
- CleanSpark HQ, LLC Subsidiary · Henderson, Nevada, United States
- CleanSpark Karns, LLC Subsidiary · Tennessee, United States
- CleanSpark Manis, LLC Subsidiary · Tennessee, United States
- CleanSpark MS, LLC Subsidiary · Mississippi, United States
- CleanSpark SD, LLC Subsidiary · South Dakota, United States
- CleanSpark TN, LLC Subsidiary · Tennessee, United States
- CleanSpark WY, LLC Subsidiary · Wyoming, United States
- Clinton16.5 LLC Subsidiary · Mississippi, United States
- CSRE Properties Dalton, LLC Subsidiary · Georgia, United States
- CSRE Properties Mississippi, LLC Subsidiary · Mississippi, United States
- CSRE Properties Norcross, LLC Subsidiary · Henderson, Nevada, United States
- CSRE Properties Sandersville, LLC Subsidiary · Georgia, United States
- CSRE Properties South Dakota, LLC Subsidiary · South Dakota, United States
- CSRE Properties Tennessee, LLC Subsidiary · Tennessee, United States
- and 24 more
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What CleanSpark reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Machinery and equipment | $17.0M5 Sep 30, 2025 | $15.1M5 Sep 30, 2024 | +12.7% |
| Furniture and fixtures | $2.6M5 Sep 30, 2025 | $1.7M5 Sep 30, 2024 | +53.9% |
| Aircraft | $24.8M5 Sep 30, 2025 | $23.1M5 Sep 30, 2024 | +7.5% |
| Leasehold improvements | $2.9M5 Sep 30, 2025 | $2.0M5 Sep 30, 2024 | +47.4% |
| Construction in progress | $12.8M5 Sep 30, 2025 | $19.5M5 Sep 30, 2024 | −34.3% |
| Property and equipment, before depreciation | $1.9B5 Sep 30, 2025 | $1.4B5 Sep 30, 2024 | +40.8% |
| Accumulated depreciation | $559.9M5 Sep 30, 2025 | $496.3M5 Sep 30, 2024 | +12.8% |
| Property and equipment, net | $1.4B5 Sep 30, 2025 | $869.7M5 Sep 30, 2024 | +56.8% |
| Operating-lease assets (leased space) | $4.3M5 Sep 30, 2025 | $3.3M5 Sep 30, 2024 | +30.4% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $43.0M5 Sep 30, 2025 | $121.2M5 Sep 30, 2024 | −64.6% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $131.7M5 Sep 30, 2025 | $8.0M5 Sep 30, 2024 | +1536.9% |
| Finite-lived intangibles, net | $5.8M5 Sep 30, 2025 | $3.0M5 Sep 30, 2024 | +92.4% |
Properties, in its own words
Our corporate headquarters is located in Henderson, Nevada and is owned by us. In addition, we own and lease air-cooled bitcoin mining facilities in Georgia, Mississippi and Tennessee. We own a property in College Park, Georgia, that mines bitcoin through immersion technology and two fully constructed parcels of land in Cheyenne, Wyoming, that operate as immersion bitcoin mining facilities. On October 27, 2025, we acquired property in Texas supported by long-term power supply agreements to enable future data-center development. Our leases have expiration dates between March 2026 and June 2039.
We believe our existing facilities and equipment are in good operating condition and are suitable for the conduct of our business. Please refer to the discussions contained in our Item 1. – “Business” for additional information.
Item 2 of the 10-K filed Nov 25, 2025.8
Leadership
Who has led CleanSpark, and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
Chief operating officer
201520202025
- Chief executive officerZachary Bradford Dec 26, 2019 to now19
- PresidentGary Anthony Vecchiarelli Sep 8, 2025 to now20
- PresidentZachary Bradford Dec 26, 2019 to Sep 8, 202519
- Chief financial officerGary Anthony Vecchiarelli Dec 17, 2021 to now21
- Chief financial officerLori Love Oct 15, 2019 to Nov 19, 202122
- Chief financial officerZachary Bradford Nov 18, 2014 to Jan 11, 201923
- Chief operating officerTaylor Monnig Sep 8, 2025 to now24
- Chief operating officerScott Eugene Garrison May 9, 2024 to Sep 8, 202525
- Chief operating officerBrian Huber Dec 4, 2017 to May 11, 201826
- Chief operating officerBruce Lybbert Jul 18, 2016 to Jul 18, 201627
Board members and other officers (15)
- EVP, Chief Development OfficerScott Eugene Garrison Sep 8, 2025 to now28
- Chief Technology OfficerTaylor Monnig May 9, 2024 to now29
- Chief Revenue OfficerAmer Tadayon Feb 6, 2020 to Jan 13, 202230
- Chief Strategy OfficerAnthony M. Vastola Aug 8, 2019 to Aug 8, 201931
- Chief Technology OfficerAmanda Kabak Dec 26, 2019 to Oct 29, 202132
- OfficerBruce Lybbert Nov 21, 2014 to Nov 21, 201433
- Pres, Sec, Treas & DirectorBurkeley J. Priest Apr 26, 2011 to Apr 26, 201134
- Board memberAmanda Cavaleri Dec 2, 2022 to now35
- Board memberRoger Paul Beynon Oct 15, 2019 to now36
- Board memberThomas Leigh Wood Oct 18, 2019 to now37
- Board memberBrian Huber Dec 4, 2017 to May 11, 201826
- Board memberZachary Bradford Jul 8, 2016 to now38
- Board memberLarry McNeill Mar 13, 2015 to now39
- Board memberBruce Lybbert Nov 21, 2014 to Dec 29, 201633
- Board memberBurkeley J. Priest Apr 26, 2011 to Apr 26, 201134
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- ATL Data Centers LLC Georgia7
- Ava Data LLC Delaware7
- Avalon Data LLC Delaware7
- Badin Data LLC Delaware7
- CSRE Properties Dalton, LLC Georgia7
- CSRE Properties Mississippi, LLC Mississippi7
- CSRE Properties Norcross, LLC Georgia7
- CSRE Properties Sandersville, LLC Georgia7
- CSRE Properties South Dakota, LLC South Dakota7
- CSRE Properties Tennessee, LLC Tennessee7
- CSRE Properties Vicksburg, LLC Mississippi7
- CSRE Properties Washington, LLC Georgia7
- CSRE Properties Wyoming, LLC Wyoming7
- CSRE Properties, LLC Georgia7
- CSRE Property Management Company, LLC Georgia7
- Campbell Junction Technologies LLC Tennessee7
- CleanBlok, Inc. Georgia7
- CleanSpark DW, LLC Georgia7
- CleanSpark Data I, LLC Delaware7
- CleanSpark Fort Loudoun, LLC Tennessee7
- CleanSpark GA, LLC Georgia7
- CleanSpark GLP, LLC Georgia7
- CleanSpark HQ, LLC Nevada7
- CleanSpark Karns, LLC Tennessee7
All 50 listed subsidiaries
- CleanSpark MS, LLC Mississippi7
- CleanSpark Manis, LLC Tennessee7
- CleanSpark SD, LLC South Dakota7
- CleanSpark TN, LLC Tennessee7
- CleanSpark WY, LLC Wyoming7
- Clinton16.5 LLC Mississippi7
- Data Black River LLC Delaware7
- Decatur Technologies LLC Tennessee7
- GIB Compute LLC Delaware7
- GRIID Holdco LLC Delaware7
- GRIID Infrastructure Inc. Delaware7
- GRIID Infrastructure LLC Delaware7
- Jackson Data LLC Delaware7
- Jellico Technologies LLC Tennessee7
- LaFollette Data LLC Delaware7
- MS Data, LLC Mississippi7
- Oneida Technologies LLC Tennessee7
- Project Tiger, LLC Texas7
- Red Dog Technologies LLC Delaware7
- Rutledge Development & Deployment LLC Delaware7
- Sealy Power DC, LLC Texas7
- Tazewell Technologies LLC Tennessee7
- Tullahoma Data LLC Delaware7
- Union Data Diner LLC Delaware7
- West Crossville Technologies LLC Tennessee7
- Winfield Technologies LLC Tennessee7
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Former names
Timeline
- Sep 25, 20268-K Entered a material agreement; New debt or obligation40
- Sep 18, 20268-K Other events41
- Sep 17, 20268-K Regulation FD disclosure; Other events42
- Aug 6, 20268-K Results of operations43
- Jul 14, 20268-K Regulation FD disclosure; Other events44
- May 11, 20268-K Results of operations45
- Mar 24, 20268-K Change to shareholders' rights; Bylaws or fiscal year changed; Other events46
- Mar 5, 20268-K Shareholder vote47
- Feb 5, 20268-K Results of operations48
- Nov 25, 20258-K Results of operations49
- Nov 13, 20258-K Entered a material agreement; New debt or obligation; Unregistered sale of shares50
- Nov 12, 20258-K Other events51
- Dec 26, 2019New chief executive Zachary Bradford becomes CEO19
- 2014Founded Founded1
Calendar
Coming up
- Nov 24, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported ($0.01) a share, on Nov 25, 2025.52
When it reported results
- Aug 6, 2026Reported quarterly or annual results43
- May 11, 2026Reported quarterly or annual results45
- Feb 5, 2026Reported quarterly or annual results48
- Nov 25, 2025Reported quarterly or annual results49
- Aug 8, 2025Reported quarterly or annual results53
- May 8, 2025Reported quarterly or annual results54
- Feb 6, 2025Reported quarterly or annual results55
- Dec 2, 2024Reported quarterly or annual results56
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
457 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 101 major events, 188 insider forms, 19 large holders, 129 other. The latest 20:
- Oct 1, 20264 EDGAR
- Oct 1, 2026144 EDGAR
- Oct 1, 20264 EDGAR
- Oct 1, 2026144 EDGAR
- Oct 1, 20264 EDGAR
- Oct 1, 20264 EDGAR
- Oct 1, 20264 EDGAR
- Oct 1, 20264 EDGAR
- Sep 25, 20268-K EDGAR
- Sep 18, 20268-K EDGAR
- Sep 17, 20268-K EDGAR
- Sep 10, 20264 EDGAR
- Sep 10, 20264 EDGAR
- Sep 10, 20264 EDGAR
- Sep 10, 20264 EDGAR
- Sep 9, 20264 EDGAR
- Sep 9, 20264 EDGAR
- Sep 9, 20264 EDGAR
- Sep 9, 20264 EDGAR
- Sep 9, 20264 EDGAR
The 457 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
35 open-market trades by officers, directors and large owners since October 2021: 4 buys and 31 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 8, 2026 | Monnig TaylorCTO, COO | Sale | 25,249 | $13.34 | $336.8K | Form 4 |
| Sep 4, 2026 | Monnig TaylorCTO, COO | Sale | 4,513 | $12.61 | $56.9K | Form 4 |
| Aug 14, 2026 | Monnig TaylorCTO, COO | Sale | 54 | $11.51 | $622 | Form 4 |
| Dec 23, 2025 | Wood Thomas LeighDirector | Sale | 85,315 | $11.69 | $997.3K | Form 4 |
| Dec 4, 2025 | Cavaleri AmandaDirector | Sale | 33,000 | $15.02 | $495.7K | Form 4 |
| Sep 9, 2025 | Monnig TaylorCTO, COO | Sale | 63,713 | $9.12 | $581.1K | Form 4 |
| May 21, 2025 | Beynon Roger PaulDirector | Sale | 50,000 | $10.51 | $525.5K | Form 4 |
| Mar 24, 2025 | Wood Thomas LeighDirector | Sale | 44,444 | $8.04 | $357.3K | Form 4 |
| Mar 24, 2025 | Cavaleri AmandaDirector | Sale | 13,000 | $7.97 | $103.6K | Form 4 |
| Feb 14, 2025 | Monnig TaylorCTO, COO | Sale | 239 | $10.64 | $2.5K | Form 4 |
| Feb 14, 2025 | Schultz S. MatthewCEO & Chairman | Sale | 9,010 | $10.64 | $95.9K | Form 4 |
| Feb 14, 2025 | Garrison Scott EugeneEVP, Chief Development Officer | Sale | 1,337 | $10.64 | $14.2K | Form 4 |
| Feb 14, 2025 | Vecchiarelli Gary AnthonyPresident, CFO | Sale | 717 | $10.64 | $7.6K | Form 4 |
| Feb 14, 2025 | Bradford ZacharyCEO and President | Sale | 10,533 | $10.64 | $112.1K | Form 4 |
| Dec 27, 2024 | Monnig TaylorCTO, COO | Sale | 1,350 | $10.40 | $14.0K | Form 4 |
| Dec 20, 2024 | Bradford ZacharyCEO and President | Sale | 12,000 | Form 4 | ||
| Nov 29, 2024 | Monnig TaylorCTO, COO | Sale | 1,350 | $14.35 | $19.4K | Form 4 |
| Oct 25, 2024 | Monnig TaylorCTO, COO | Sale | 1,350 | $11.88 | $16.0K | Form 4 |
| Sep 27, 2024 | Monnig TaylorCTO, COO | Sale | 1,350 | $10.44 | $14.1K | Form 4 |
| Sep 12, 2024 | Wood Thomas LeighDirector | Sale | 22,222 | $9.24 | $205.3K | Form 4 |
All 35 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- D. E. SHAW & CO, L.P.SCHEDULE 13G, 1 filing Jul 17, 202657
- BANK OF NOVA SCOTIASCHEDULE 13G, 1 filing Jul 15, 202658
- DIMENSIONAL FUND ADVISORS LPSCHEDULE 13G/A, 2 filings Apr 9, 2026 to Jul 14, 202659
- VANGUARD CAPITAL MANAGEMENT LLCSCHEDULE 13G, 1 filing Apr 29, 202660
- VANGUARD GROUP INCSCHEDULE 13G/A, 5 filings Nov 4, 2024 to Mar 26, 202661
- SUSQUEHANNA SECURITIES, LLCSCHEDULE 13G/A, 2 filings Nov 13, 2025 to Feb 13, 202662
- BlackRockSCHEDULE 13G/A, 7 filings Feb 4, 2022 to Apr 3, 202563
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | Zachary K. BradfordFormer CEO | 39 | $1.8M | $48.8M64 |
| 2025 | S. Matthew SchultzCEO & Chairman | 56 | $862.9K | $44.9M64 |
| 2025 | Gary A. VecchiarelliCFO & President | 48 | $521.7K | $16.1M64 |
| 2025 | Taylor MonnigCTO & COO | 33 | $554.2K | $11.6M64 |
| 2025 | Scott E. GarrisonCDO & EVP | 60 | $554.2K | $11.6M64 |
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| BlackRock, Inc. | 42,332,754 | $615.9M | 0.0% | +590,142 |
| Situational Awareness LP | 12,276,139 | $178.6M | 0.9% | No change |
| Vanguard Portfolio Management LLC | 11,458,803 | $166.7M | 0.0% | +366,663 |
| D. E. Shaw & Co., Inc. | 11,260,140 | $163.8M | 0.1% | +4,826,716 |
| Vanguard Capital Management LLC | 11,122,007 | $161.8M | 0.0% | +50,474 |
| State Street Corp | 11,002,124 | $160.1M | 0.0% | +6,092 |
| Dimensional Fund Advisors LP | 9,647,132 | $140.4M | 0.0% | −4,455,645 |
| Geode Capital Management, LLC | 7,260,121 | $132.9M | 0.0% | +119,147 |
| UBS Group AG | 7,554,293 | $109.9M | 0.0% | +4,239,315 |
| Point72 Asset Management, L.P. | 5,974,019 | $86.9M | 0.1% | +4,370,143 |
| Invesco Ltd. | 3,607,345 | $52.5M | 0.0% | −1,375,227 |
| Nuveen, LLC | 3,489,025 | $50.8M | 0.0% | +392,883 |
| Charles Schwab Investment Management Inc | 3,433,180 | $50.0M | 0.0% | +15,385 |
| Jane Street Group, LLC | 3,382,823 | $49.2M | 0.0% | +2,082,263 |
| Goldman Sachs Group Inc | 3,202,648 | $46.6M | 0.0% | +172,257 |
| Morgan Stanley | 3,061,702 | $44.5M | 0.0% | −3,697,802 |
| Northern Trust Corp | 2,905,745 | $42.3M | 0.0% | +143,164 |
| Van Eck Associates Corp | 2,895,831 | $42.1M | 0.0% | −40,914 |
| Millennium Management LLC | 2,581,258 | $37.6M | 0.0% | +2,252,534 |
| American Century Companies Inc | 2,289,205 | $33.3M | 0.0% | +2,166,050 |
| Connor, Clark & Lunn Investment Management Ltd. | 2,180,237 | $31.7M | 0.1% | +1,999,082 |
| Covalis Capital LLP | 1,973,047 | $28.7M | 1.6% | New |
| Mizuho Markets Americas LLC | 1,843,526 | $26.8M | 0.5% | New |
| Jpmorgan Chase & Co | 1,660,744 | $25.7M | 0.0% | +492,407 |
| Bnp Paribas Financial Markets | 1,711,366 | $24.9M | 0.0% | +1,656,608 |
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How CleanSpark is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARCLEANSPARK, INC.2
- CIK0000827876
- Employer ID (EIN)87-04499458
- Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company8
- Incorporated inNevada8
- Fiscal year endsSeptember 302
- Industry code (SIC)6199 Finance Services2
- SEC reviewing officeOffice of Crypto Assets, Division of Corporation Finance2
- Business address10624 S. Eastern Ave., Suite A - 638, Henderson, NV 890522
- Phone(702) 989-76922
- Shares outstanding256,817,073 as of Aug 4, 202616
- Public float$2.0T as of Mar 31, 20258
- AuditorBDO USA, P.C, Las Vegas, Nevada PCAOB ID 243; it also attests to the company’s internal control over financial reporting8
- On EDGAR sinceNov 17, 20082
- Filings785 in all: 4 (241), 8-K (207), 144 (66), 10-Q (54), 3 (19), 10-K (17), UPLOAD (15), CORRESP (11)2
All 53 form types
NT 10-Q (11), 8-K/A (10), 4/A (9), 424B5 (9), 425 (7), DEF 14A (7), SC 13G/A (7), NT 10-K (6), S-8 (6), SC 13D (6), SCHEDULE 13G/A (6), DEFA14A (5), SCHEDULE 13G (5), DEF 14C (4), PRE 14C (4), SC 13G (4), 10-Q/A (3), ARS (3), CERT (3), D (3), EFFECT (3), PRE 14A (3), SC 13D/A (3), 424B3 (2), 5 (2), 8-A12B (2), S-3 (2), S-3ASR (2), SEC STAFF LETTER (2), 10-12G (1), 10-K/A (1), 10KSB (1), 3/A (1), 424B2 (1), 424B7 (1), 8-A12B/A (1), AW (1), POS AM (1), POSASR (1), PREM14C (1), RW (1), RW WD (1), S-3/A (1), S-4 (1), S-4/A (1)
- Latest filingsAnnual report (10-K) Nov 25, 2025
Quarterly report (10-Q) Aug 6, 2026
Proxy statement (DEF 14A) Jan 22, 2026
Latest 8-K (8-K) Sep 25, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock, par value $0.001 per share | CLSK | The Nasdaq Stock Market LLC |
| Redeemable warrants, each exercisable for 0.069593885 shares of common stock at an exercise price of $165.24 per whole share | CLSKW | The Nasdaq Stock Market LLC |
From the cover page of the 10-K filed Nov 25, 2025 (Section 12(b) of the Exchange Act).8
Risk factors and legal proceedings
The risks CleanSpark names in Item 1A of its 10-K filed Nov 25, 2025: 77 risks under these headings, as written.8
- We are subject to various risks that may materially harm our business, prospects, financial condition and results of operations. An investment in our common stock is speculative and involves risk. In evaluating an investment in shares of our common stock, you should carefully consider the risks described below, together with the other information included in this Annual Report on Form 10-K.
- Risks Related to Our Business
- Risks Related to Governmental Regulation and Enforcement Operations
- Risks Related to Our Securities
- Our future success is difficult to predict because we operate in emerging and evolving industries that are subject to volatile and unpredictable cycles.
- The markets in which we participate are highly competitive, and as we enter new markets, we are competing against companies with greater resources and capitalization.
- We have an evolving business model and strategy, which includes an increasing focus on diversifying into constructing and operating data centers for AI and HPC companies, in addition to our bitcoin activities.
- Our expansion into AI and HPC may divert resources from our core bitcoin mining operations, limit our power capacity for mining, and introduce operational complexity.
- It may take significant time and expenditure to develop an AI and HPC hosting business through continued development at our facilities, and our efforts may not be successful.
- We have engaged in, and in the future may engage in, strategic acquisitions and other arrangements that could disrupt our business, cause dilution to our stockholders, reduce our financial resources and harm our operating results.
- A significant part of our success will depend on our reliance on and ability to manage our construction contractors and suppliers, including mining equipment suppliers, in order to meet our expansion efforts in keeping with planned timelines and cost estimates, and any failure to do so could materially and adversely affect our results of operations and relations with our customers.
- We rely heavily on our management team, whose continued service and performance are critical to our future success. Any failure by management to properly manage growth, including hiring and retaining competent and skilled management and other personnel, could have a material adverse effect on our business, operating results and financial condition.
The other 68 risks
- We may not be able to timely complete our future strategic growth initiatives or within our anticipated cost estimates, if at all.
- We may experience increased compliance costs as a result of future strategic acquisitions.
- In the future, we may require additional financing to sustain and expand our operations, and we may not be able to obtain financing on acceptable terms, or at all, which would have a material adverse effect on our business, financial condition, results of operations, cash flow and prospects.
- Our business expansion into AI and HPC services may be capital intensive and could affect our liquidity, results of operations and financial condition.
- We maintain our cash at financial institutions, often in balances that exceed federally insured limits.
- Our ability to achieve profitability is currently dependent on the price of bitcoin, which has historically been volatile.
- We have a limited operating history and a history of operating losses and negative cash flow, and we may never achieve consistent profitability.
- The impact of geopolitical and economic events on the demand for bitcoin is uncertain.
- The value of bitcoin has historically been subject to wide swings, and we are exposed to bitcoin’s price volatility and surrounding risks.
- The development and acceptance of competing blockchain platforms or technologies may cause consumers to use alternative distributed ledgers or other alternatives.
- Bitcoin is subject to halving; the reward for successfully solving a block will halve several times in the future and its value may not adjust to compensate us for the reduction in the rewards we receive from our mining efforts.
- Our reliance on a third-party mining pool service provider for our mining revenue payouts may adversely affect an investment in us.
- Forks in the bitcoin network may occur in the future, which may affect the value of bitcoins held by us.
- The open-source structure of the bitcoin network protocol means that the contributors to the protocol are generally not directly compensated for their contributions in maintaining and developing the protocol. A failure to properly monitor and upgrade the protocol could damage the bitcoin network and an investment in us.
- Banks and financial institutions may not provide banking services, or may cut off services, to businesses that engage in cryptocurrency-related activities.
- Bitcoins held by us are not subject to FDIC or SIPC protections.
- Bitcoins we mine or hold for our own account may be subject to loss, theft or restriction on access.
- If a malicious actor or botnet obtains control of more than 50% of the processing power on the bitcoin network, such actor or botnet could manipulate the network to adversely affect us, which would adversely affect an investment in us.
- The loss or destruction of private keys required to access our bitcoins may be irreversible. Our loss of access to our private keys or our experience of a data loss relating to our bitcoins could adversely affect an investment in us.
- The digital asset exchanges on which cryptocurrencies, including bitcoin, trade are relatively new and largely unregulated, and thus may be exposed to fraud and failure. Such failures may result in a reduction in the price of bitcoin and other cryptocurrencies and can adversely affect an investment in us.
- We may face several risks due to disruptions in the digital asset markets, including but not limited to the risk from depreciation in our stock price, financing risk, risk of increased losses or impairments in our investments or other assets, risks of legal proceedings and government investigations, and risks from price declines or price volatility of digital assets.
- During periods of market stress and extreme volatility, we may be unable to timely liquidate or hedge our bitcoin or related positions, and exchange-driven liquidations or auto-deleveraging could materially and adversely affect our liquidity, results of operations and financial condition.
- We may not have adequate sources of recovery if our bitcoin holdings are lost, stolen or destroyed.
- Our ability to adopt technology in response to changing security needs or trends and reliance on a third party, Coinbase, for custody pose a challenge to the safekeeping of our bitcoin holdings.
- Any potential use of emerging technologies like AI, machine learning and generative artificial intelligence could lead to unintended consequences and result in reputational harm and litigation.
- Security threats to us could result in a loss of our bitcoin holdings or damage to our reputation and brand, each of which could adversely affect an investment in us.
- A loss of confidence in our security systems, or a breach of our security systems, may adversely affect us and the value of an investment in us.
- Bitcoin transactions are irrevocable and stolen or incorrectly transferred bitcoin may be irretrievable. As a result, any incorrectly executed digital asset transactions could adversely affect an investment in us.
- We may face risks of Internet disruptions, which could have an adverse effect on not only the price of bitcoin but also our ability to mine bitcoin.
- A failure or degradation of cloud service providers or other critical Internet infrastructure, including our own, could disrupt our operations and third‑party platforms we rely on, including digital asset exchanges and custodians, and could materially and adversely affect our business, results of operations, cash flows and financial condition.
- The limited rights of legal recourse available to us expose us and our investors to the risk of loss of our bitcoins for which no person is liable.
- The sale of our bitcoins to pay for expenses at a time of low bitcoin prices could adversely affect an investment in us.
- Demand for bitcoin is driven, in part, by its status as a prominent and secure cryptocurrency. It is possible that a cryptocurrency other than bitcoin could have features that make it more desirable to a material portion of the digital asset user base, resulting in a reduction in demand for bitcoin.
- Our facility costs may exceed our revenues, which could seriously harm our business and adversely impact an investment in us.
- The properties included in our operations may experience damages, including damages that may not be covered by insurance.
- We are subject to risks associated with our need for significant electrical power.
- Increased scrutiny and changing expectations from stakeholders with respect to our ESG practices and the impacts of climate change may result in additional costs or risks.
- Our operations and profitability may be adversely affected by competition from other methods of investing in cryptocurrencies.
- From time-to-time, as market conditions change, large holders of bitcoin may sell large amounts all at once into the market, thereby constraining the growth of the price of bitcoin.
- Potential that, in the event of a bankruptcy filing by a custodian, bitcoin held in custody could be determined to be property of a bankruptcy estate and we could be considered a general unsecured creditor thereof.
- Since there has been limited precedent set for financial accounting of digital assets, including bitcoin, it is unclear how we will be required to account for transactions involving digital assets.
- If we fail to grow our hashrate, we may be unable to compete, and our results of operations could suffer.
- Global economic conditions, including continuing or worsening inflationary issues and associated changes in monetary policy and potential economic recession, and geopolitical events such as the Russia-Ukraine conflict, and the subsequent imposition of sanctions as a result of the Russia-Ukraine conflict, and the Israeli-Palestinian conflict, could adversely affect our business, financial condition and results of operations.
- Divestitures and discontinued operations could negatively impact our business, and retained liabilities from businesses that we have sold could adversely affect our financial results.
- Our limited insurance protection exposes us and our stockholders to the risk of loss of our bitcoin for which no person is liable.
- There are risks in connection with noise pollution and community opposition related thereto that may have a negative effect on our business.
- There are risks related to technological obsolescence, the vulnerability of the global supply chain for cryptocurrency hardware disruption, potential trade restrictions and difficulty in obtaining new hardware which may have a negative effect on our business.
- We are exposed to risks relating to our bitcoin treasury function.
- If regulatory changes or interpretations of our bitcoin mining activities require our registration as an MSB under the regulations promulgated by FinCEN under the authority of the BSA, or otherwise under state laws, we may incur significant compliance costs, which could be substantial or cost-prohibitive. If we become subject to these regulations, our costs in complying with them may have a material adverse effect on our business and the results of our operations.
- Current regulation regarding the exchange of bitcoins under the CEA by the CFTC is unclear; to the extent we become subject to regulation by the CFTC in connection with our exchange of bitcoin, we may incur additional compliance costs, which may be significant.
- If the SEC or another regulatory body considers bitcoin to be a security under U.S. securities laws, we may be required to comply with significant SEC registration and/or other requirements.
- It may be illegal now, or in the future, to mine, acquire, own, hold, sell or use bitcoin or other cryptocurrencies, participate in blockchains or utilize similar cryptocurrency assets in one or more countries, the ruling of which could adversely affect us.
- Changing environmental regulation and public energy policy may expose our business to new risks.
- If we fail to qualify for certain state government tax incentives or to comply with local tax regulations, we may suffer financial losses.
- Future developments regarding the treatment of digital assets for U.S. federal income and applicable state, local and non-U.S. tax purposes could adversely impact our business.
- Our interactions with the bitcoin network may expose us to SDN or blocked persons or cause us to violate provisions of law that did not contemplate distributed ledger technology.
- The U.S. political and economic environment could materially impact our business operations and financial performance, and uncertainty surrounding the potential legal, regulatory and policy changes by the current U.S. presidential administration may directly affect us and the global economy.
- Regulations and taxes that target energy could increase our costs and adversely affect our business.
- Regulatory developments surrounding AI and HPC may negatively impact our efforts to expand into AI and HPC hosting.
- The price of our common stock may be volatile and could fluctuate widely, which could result in substantial losses for investors.
- We have the right to designate and issue additional shares of preferred stock. If we were to designate and/or issue additional preferred stock, it is likely to have rights, preferences and privileges that may adversely affect the common stock.
- We are currently the subject of a shareholder class action, and may be subject to shareholder litigation in the future; our costs of defending such litigation, arbitration and other proceedings and any adverse outcome of such litigation, arbitration or other proceeding may have a material adverse effect on our business and the results of our operations.
- We have financed our strategic growth primarily by issuing new shares of our common stock and convertible debt in public offerings, which dilutes the ownership interests of our current stockholders, and which may adversely affect the market price of our securities.
- We have not paid dividends on shares of our common stock in the past and have no immediate plans to do so in the future.
- If securities or industry analysts do not publish or do not continue to publish research or reports about our business, or if they issue an adverse or misleading opinion regarding our stock, our stock price and trading volume could decline.
- Our indebtedness could adversely affect our financial health and prevent us from fulfilling our debt obligations.
- We incur significant costs and demands upon management and accounting and finance resources as a result of complying with the laws and regulations affecting public companies; any failure to establish and maintain adequate internal controls and/or disclosure controls or to recruit, train and retain necessary accounting and finance personnel could have an adverse effect on our ability to accurately and timely prepare our financial statements and otherwise make timely and accurate public disclosure.
- Provisions in the Nevada Revised Statutes and our bylaws could make it very difficult for an investor to bring any legal actions against our directors or officers for violations of their fiduciary duties or could require us to pay any amounts incurred by our directors or officers in any such actions.
Legal proceedings
For a description of our material pending legal proceedings, refer to Note 19 - Commitments and Contingencies included in our notes to Consolidated Financial Statements.
We are subject to other legal proceedings and claims that have not been fully resolved and that have arisen in the ordinary course of business. We routinely are subject to and resolve matters that do not individually or in the aggregate have a material impact on our financial condition or operating results. The outcome of litigation is inherently uncertain. If one or more legal matters were resolved against us in a reporting period for amounts above management’s expectations, our financial condition and operating results for that reporting period could be materially adversely affected.
The opening of Item 3, Legal Proceedings.8
Links
- Websitewww.cleanspark.com1
- X (Twitter)x.com/CleanSpark_Inc1
- Facebookwww.facebook.com/CLSK.Inc1
- WikidataQ124060486
- SEC EDGARCIK 827876
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1WikidataCleanSpark on Wikidata
- 2SEC EDGARCleanSpark filings on SEC EDGAR
- 3
- 4Company websiteCleanSpark logo
- 5SEC EDGARCleanSpark 10-K for fiscal 2025
- 6SEC EDGARCleanSpark filings on SEC EDGAR
- 7
- 8
- 9SEC EDGARCleanSpark 10-K for fiscal 2018
- 10SEC EDGARCleanSpark 10-K for fiscal 2019
- 11SEC EDGARCleanSpark 10-K for fiscal 2020
- 12SEC EDGARCleanSpark 10-K for fiscal 2021
- 13SEC EDGARCleanSpark 10-K for fiscal 2022
- 14SEC EDGARCleanSpark 10-Q for fiscal 2025
- 15SEC EDGARCleanSpark 10-Q for fiscal 2026
- 16SEC EDGARCleanSpark 10-Q for fiscal 2026
- 17SEC EDGARCleanSpark 10-K for fiscal 2022
- 18SEC EDGARCleanSpark 10-K for fiscal 2018
- 19
- 20SEC EDGARGary Anthony Vecchiarelli, President
- 21
- 22SEC EDGARLori Love, Chief financial officer
- 23
- 24
- 25
- 26SEC EDGARBrian Huber, Chief operating officer
- 27
- 28
- 29
- 30SEC EDGARAmer Tadayon, Chief Revenue Officer
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- 33SEC EDGARBruce Lybbert, Officer
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- 35SEC EDGARAmanda Cavaleri, Board member
- 36SEC EDGARRoger Paul Beynon, Board member
- 37SEC EDGARThomas Leigh Wood, Board member
- 38SEC EDGARZachary Bradford, Board member
- 39SEC EDGARLarry McNeill, Board member
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- 41SEC EDGAROther events
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- 43SEC EDGARResults of operations
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- 45SEC EDGARResults of operations
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- 47SEC EDGARShareholder vote
- 48SEC EDGARResults of operations
- 49SEC EDGARResults of operations
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- 51SEC EDGAROther events
- 52NasdaqNasdaq calendar
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