Cleanspark is an American company dedicated to Bitcoin mining (BTC). It quotes in the Nasdaq index under the CLSK symbol and operates multiple mining facilities in states such as Georgia, Mississippi, Tennessee and Wyoming. The company focuses on using efficient and sustainable energy sources for its operations.
In January 2025, Cleanspark reached a significant milestone by accumulating more than 10,000 bitcoins in his treasury, All of them extracted from their own mining operations in the United States. This positions it as one of the main public mining companies in terms of Bitcoin holdings, directly competing with Mara Holdings and Riot Platforms.
Cleanspark’s strategy focuses on investing on the expansion and optimization of its mining infrastructure, instead of acquiring bitcoins in the market. This allows them to maintain a low production cost and increase their bitcoin reserves efficiently.
1 What does the Cleanspark company do?
Cleanspark is dedicated to Bitcoin mining and the development of optimized energy solutions for this activity. Its main approach is to operate mining farms in different regions of the United States, with facilities in states such as Georgia, Mississippi, Tennessee and Wyoming. Through a constant expansion strategy, the company has increased its mining capacity, acquiring new data centers and optimizing its infrastructure to improve its operational efficiency.
One of the aspects that distinguishes Cleanspark is its focus on optimization of energy consumption. The company prioritizes the use of efficient and sustainable energy sources, with the aim of reducing operating costs and improving the profitability of its operations. To do this, it takes advantage of favorable electrical rates and consumer management strategies that allow you to maintain a bitcoin production cost below the industry average.
When was Cleanspark and who are its founders?
Cleanspark was founded in 1987 under the name of Stratean Inc., initially focusing on sustainable energy solutions. In 2014, the company adopted the name of Cleanspark to reflect its commitment to clean and efficient technologies. The founders of CleansPark are Matthew Schultz and Bryan Huber, who have led the company towards the integration of intelligent energy solutions and, more recently, towards Bitcoin mining using renewable energy sources.
In addition to its mining activity, Cleanspark has adopted a Bitcoin accumulation strategy in its treasury. Instead of immediately selling all the coins that Mina, the company has chosen to retain a significant part of its BTCwhich has allowed him to build a considerable reserve. In January 2025, he exceeded 10,000 bitcoins in his balance.
Is Cleanspark a public or private company?
Cleanspark is a public company that lies in the Nasdaq Stock Exchange under the CLSK symbol. His departure to the stock market has allowed him to raise capital to expand his operations, especially in the Bitcoin mining sector. As a public company, Cleanspark is subject to financial regulations and must submit periodic reports to the United States Stock Exchange and Securities Commission (SEC).
The company has also gained recognition in financial markets. His actions are quoted in the Nasdaq under the CLSK symbol, and in March 2025 it was included in the S&P Smallcap 600 index, becoming the second Bitcoin mining company to reach this distinction, after Digital Holdings Marathon. This inclusion is a reflection of CleansPark’s sustained growth and its stability in the sector.
What is Holdings Digital Marathon?
Digital Holdings Marathon is a public company dedicated to Bitcoin mining, based in the United States. Founded in 2010, it initially operated as Marathon Patent Group before changing its focus towards cryptocurrency mining in 2020. It is currently one of the largest companies in the sector in terms of hash rate, with operations in multiple facilities within the USA. The Marathon strategy focuses on the expansion of its mining capacity and the optimization of energy consumption to improve its profitability. The company quotes in Nasdaq under the Mara symbol.
2 How does Cleanspark make money?
Cleanspark generates income mainly through Bitcoin mining, an activity in which it validates transactions in the network and receives rewards in BTC. To improve its profitability, the company has adopted strategies such as the expansion of its operational capacity and the optimization of energy consumption through the use of renewable sources. These actions seek to reduce costs and minimize the environmental impact of their operations.
In addition, Cleanspark has diversified its sources of income offering energy services and Microredes management solutions, although its main approach remains cryptocurrency mining. The company has also implemented a Bitcoin accumulation strategy, retaining mined currencies to strengthen its financial position and protect against market volatility.
How many bitcoins has Cleanspark undermined?
Until March 2025, CleansPark has undermined a total of 1,956 bitcoins. These figures reflect constant growth in their monthly production. In addition, as of March 31, 2025, the company maintained a reserve of 11,869 bitcoins, indicating an increase in its holdings compared to previous months.
The Cleanspark strategy focuses on reinvesting in its own infrastructure instead of buying bitcoins in the market, allowing them to maintain a lower production cost. In the words of the company’s financial director itself, Gary Vecchialli, «Why buy Bitcoin at current prices when we can undermine it for USD 34,000?»
With this statement, Vecchiarelli seeks to underline CleansPark’s operational efficiency, which has reduced the marginal production cost of each bitcoin to approximately USD 34,000, a figure that is well below the market price. By investing in its own mining capacity and using renewable energy sources, the company not only controls its costs, but also seeks to strengthen its position in the industry.
3 What are CleansPark’s income and profits?
Cleanspark Inc. has shown a notable financial growth in fiscal year 2024, ended on September 30, 2024. The company reported annual income of USD 378.9 million, which represents a 125% increase compared to the USD 168.4 million of the previous fiscal year.
Despite this increase in income, Cleanspark registered a net loss of USD 145.8 million during the same period, slightly higher than the loss of USD 138.1 million of the previous fiscal year.
In terms of adjusted Ebitda, the company reached the USD 245.8 million, a significant increase since USD 25.0 million of the previous year. As of September 30, 2024, Cleanspark maintained USD 122.2 million in cash and USD 509.5 million in Bitcoin, based on 8,049 bitcoins valued at USD 63,301 each.
4 What are the risks of investing in Cleanspark?
Investing in Cleanspark, as in any Bitcoin mining company, entails several risks that investors should consider. Next, some of the main risks associated with investment in this company are detailed:
1. Bitcoin price volatility
Cleanspark, being a Bitcoin mining company, is directly exposed to cryptocurrency volatility. Bitcoin price fluctuations can significantly affect the company’s income and profits. If Bitcoin’s price falls substantially, Cleanspark’s gain margins could be reduced, affecting their profitability and their ability to generate sustainable income.
2. Regulatory risks
The cryptocurrency mining sector is under growing regulatory supervision in various parts of the world. Although Cleanspark operates mainly in the United States, regulations can change, affecting the company’s operations. A tightening of government policies, as greater mining taxes or restrictions on energy use, could negatively impact their margins and the viability of their long -term operations.
3. Risks associated with energy consumption
Bitcoin mining is an intensive energy process, and Cleanspark has made efforts to use cheaper and sustainable energy sources. However, energy costs are a critical factor that affects the profitability of the company. An increase in electricity prices or the shortage of efficient energy sources could negatively affect CleansPark’s operational margins.
4. Infrastructure and maintenance costs
Cleanspark has invested considerably in mining infrastructure, which implies significant costs of both acquisition and maintenance. The need to continuously update hardware to stay competitive in the Bitcoin mining market implies a constant expense. In addition, the efficiency of miners could decrease over time due to wear, which could increase operating costs.
5. Bitcoin accumulation risks
Cleanspark maintains a significant part of its profits in Bitcoin, which exposes it to the risks associated with the fluctuation of the value of cryptocurrency. Although this can be beneficial when Bitcoin prices are high, a fall in value could generate significant losses for the company, especially if it decides to sell its BTC reserves at times of low market.
7. Liquidity risk
Although Cleanspark has an important Bitcoins reserve, its liquidity depends on its ability to sell its assets or generate sufficient income through mining. If Bitcoin’s price falls significantly or if the company cannot sell its BTC at the right time, it could face difficulties in covering its operational and expansion costs.
5 How does Cleanspark cryptocurrencies affect cryptocurrencies?
One of the biggest risks for Cleanspark is regulatory uncertainty around cryptocurrency mining. In the United States and other regions, the authorities have begun to implement stricter policies in relation to energy consumption by mining activities.
Some states, such as New York, have already imposed moratoriums on new mining operations due to concerns on environmental impact. Cleanspark, which seeks to optimize its energy costs, could face additional costs if more severe restrictions are imposed on the use of non -renewable energy sources or in the amount of electricity it can consume.
In addition, governments can increase taxes on cryptocurrency mining activities. In some countries, such as China, policies have already been implemented that seek to tax the profits of cryptocurrency mining companies, which has generated a negative impact on the profitability of mining companies.
Cleanspark, although it operates mainly in the United States, is also subject to possible changes in taxation that could increase their operational costs and reduce their profit margins. The company has indicated that part of its strategy is based on Bitcoin’s retention in its balance instead of selling it, which causes its profits to depend largely on the price of cryptocurrency and fiscal policies against it.