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Business Description
CleanSpark, Inc. (NASDAQ: CLSK) is a Nevada-headquartered digital infrastructure company that pivoted from energy technology into Bitcoin mining in 2020 and now operates data centers across Georgia, Tennessee, Mississippi, and Wyoming.
CleanSpark's origins trace to an alternative energy business that developed a patented biomass gasifier and deployed microgrid software (including at Marine Corps Base Camp Pendleton) before reorienting toward Bitcoin mining. Co-founder Matthew Schultz serves as Executive Chairman and Zach Bradford has served as Chief Executive Officer since 2020. Since that pivot, CleanSpark has raised more than $3.8 billion in capital and assembled a multi-site U.S. data center portfolio trading on NASDAQ as CLSK.
According to BitcoinMiningStock.io data as of April 30, 2026, CleanSpark's operating hashrate is 46.20 EH/s against an installed capacity of 50.00 EH/s. CleanSpark produced 640 BTC in April 2026 and 658 BTC in March 2026. Bitcoin treasury holdings totaled 13,453 BTC as of April 30, 2026, and enterprise value stood at $3.84 billion as of May 8, 2026.
The geographic footprint expanded materially in 2024. CleanSpark completed the acquisition of GRIID Infrastructure Inc. in October 2024 at an enterprise value of $155 million, adding Tennessee Valley Authority-powered mining data centers across Tennessee. Earlier that year, CleanSpark acquired five additional mining facilities in Georgia, adding 60 MW of capacity. CleanSpark's Sandersville, Georgia campus, the largest site at 250 MW of power, sits near Atlanta and anchors its AI tenancy discussions. CleanSpark's aggregate power portfolio now exceeds 1.8 GW across its U.S. footprint.
CleanSpark is executing an AI data center buildout alongside Bitcoin mining operations. In 2026, CleanSpark appointed Jeffrey Thomas, previously president of AI data centers at Humain where he managed Saudi Arabia's $68 billion AI infrastructure program, as senior vice president of AI data centers. CleanSpark is in advanced discussions with an investment-grade hyperscaler for the Sandersville site, prompting analyst firm Needham to raise its CLSK price target to $18 in May 2026. In Texas, CleanSpark has contracted 285 MW of ERCOT-approved power in Austin County and signed a definitive agreement for a Brazoria County site with up to 600 MW of potential capacity, combining for over 890 MW of Houston-region utility power.
COO and CTO Taylor Monnig, who previously founded TMGCore and holds multiple data center patents in immersion cooling, oversees mining and technology strategy. CleanSpark is scheduled to report Q2 2026 financial results via webcast, with investor focus fixed on the pace of AI lease signings across its Texas and Georgia power assets.
