# CleanSpark CleanSpark is an Asset Manager based in Henderson, United States. ## Overview - **Organization type:** Asset Manager - **Headquarters:** Henderson, United States - **Region:** North America - **Address:** Henderson, NV, United States - **Founded:** 2014 - **Assets under management:** Undisclosed - **Website:** cleanspark.com ## Regulatory record - **Reports private funds:** No ## About CleanSpark was founded in 2014 as a microgrid energy software company before pivoting decisively into Bitcoin mining in 2020 under co-founders Zachary Bradford and Matthew Schultz. The firm went public via a reverse merger and reincorporated in Nevada, emerging as one of the few US-listed miners that actually owns rather than hosts its infrastructure. This ownership model stems from the original energy background — the company operates its own power agreements, substations, and behind-the-meter energy assets. Today CleanSpark deploys tens of thousands of ASIC miners across sites in Georgia, Mississippi, and New York, having expanded heavily outside traditional mining hubs. The firm pairs its computational output directly with revenue from the Bitcoin network and often sells through Coinbase Prime. CleanSpark's operational strategy avoids high-cost hosting agreements and speculative chip orders, instead acquiring distressed assets and existing facilities at favorable terms — a move that let it scale capacity faster than peers during the 2023–2024 cycle. August 2024: CleanSpark crossed 400 megawatts of owned operating capacity with the acquisition of a 75-megawatt facility in Wyoming County, New York (per the firm, August 2024). The company carries no long-term hosting liabilities and typically uses a mix of nuclear, hydro, and solar-supplied grid power for its fleet. Co-founder Matthew Schultz has articulated a corporate treasury strategy that rarely sells mined Bitcoin into market weakness, holding for limited operational cash needs. CleanSpark's structural differentiator is being an actual electrical-infrastructure operator, not simply a financial sponsor of hashpower. The company buys its own mining machines directly and hires full-time engineering teams who run substation-level voltage management — a competency that places it closer to a mid-market utility than a typical public crypto equity. As of mid-2024, the company ranked among the top three by market capitalization in the US public miner peer group, alongside Marathon Digital and Riot Platforms. ## Sectors - Energy Transition & Renewables - AI/ML ## People - Zachary Bradford — Chief Executive Officer - Matthew Schultz — Executive Chairman ## Questions ### Who runs investment decisions at CleanSpark? Strategic capital allocation ultimately rests with CEO Zachary Bradford and Executive Chairman Matthew Schultz. The board oversees treasury and operational scale-up, with major facility acquisitions requiring board-level approval while daily operational energy hedging is managed under the CFO and operations teams. ### How does CleanSpark source proprietary deal flow? CleanSpark acquires physically distressed or semi-developed mining sites directly from developers and competing operators. The firm deploys a full-time energy procurement group in the Southeast to secure behind-the-meter agreements, and it has purchased multiple facilities where the prior owner lacked capital to reach commercial operations. ### Is CleanSpark structured as a fund or an operating company? CleanSpark is a public operating company listed on Nasdaq, not a fund structure. It generates Bitcoin directly through owned-and-operated ASIC mining rigs and electricity contracts — this means investors buy equity in the corporate entity, not limited partner interests in a fund with a fixed term. ### Does CleanSpark participate in fund commitments or only direct mining? CleanSpark does not operate as an allocator and does not make fund commitments. The business is an operational Bitcoin miner. Corporate Treasury occasionally holds and sells mined Bitcoin, but the firm does not run a diversified investment portfolio beyond the coins it mines and its own operational subsidiaries. ### Which geographic regions does CleanSpark's mining fleet operate in? CleanSpark operates mining data centers primarily in Georgia, Mississippi, and New York. The firm entered Georgia in force during 2021 and has since built it into its largest operating region, incorporating facilities near Sandersville and Dalton, while adding Mississippi and the Wyoming County site in New York to diversify grid exposure. ### How is CleanSpark related to the original microgrid software business? The original Stratean- and Pioneer-branded microgrid and energy management software lines were fully divested or discontinued by 2020. The company retained its corporate identity and public ticker but now operates exclusively as a Bitcoin mining business; no legacy energy software revenue remains. ## Related profiles - [Trex Company](https://altss.com/profile/trex-co-inc) - [Marex Group](https://altss.com/profile/marex-group-plc) --- Last updated: 2026-06-03T20:00:00.000Z Canonical page: https://altss.com/profile/cleanspark-inc Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology