CleanSpark

CleanSpark

CleanSpark - More than power.. Learn more

Launch date
Employees
Market cap
CAD3.2b
Enterprise valuation
CAD2.5b (Public information from Sep 2024)
Poway California (HQ)

Financials

Estimates*

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Revenues, earnings & profits over time
USD2020202120222023202420252026
Revenues10.0m49.4m132m168m384m700m897m
% growth121 %393 %166 %28 %128 %82 %28 %
EBITDA(12.2m)(2.7m)33.0m(2.1m)221m321m202m
% EBITDA margin(122 %)(5 %)25 %(1 %)58 %46 %22 %
Profit(23.3m)(21.8m)(57.3m)(137m)(122m)4.7m(3.3m)
% profit margin(233 %)(44 %)(44 %)(81 %)(32 %)1 %-
EV / revenue21.6x8.6x1.1x3.4x6.6x2.9x2.4x
EV / EBITDA-17.7x-157.8x4.5x-272.8x11.5x6.3x10.8x
R&D budget<1m------
R&D % of revenue2 %------
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DateInvestorsAmountRound
N/A

N/A

IPO
N/A

$20.0m

Post IPO Equity

$470k

Grant
N/A

$200m

Post IPO Equity
*

$35.0m

Post IPO Debt
Total FundingCAD641k

Recent News about CleanSpark

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More about CleanSparkinfo icon
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CleanSpark is a publicly traded company on NASDAQ that specializes in Bitcoin mining, a process where specialized computers verify transactions on the Bitcoin blockchain. The company operates data centers that primarily use low-carbon power, making it a leader in sustainable Bitcoin mining. This approach not only supports the blockchain technology but also aligns with global efforts to reduce carbon footprints.

CleanSpark's business model revolves around earning Bitcoin as a reward for verifying transactions. This is a crucial service because, without miners like CleanSpark, the decentralized currency system of Bitcoin wouldn't function. The company serves a diverse range of clients, including individual investors, financial institutions, and other entities interested in the cryptocurrency market.

Operating in the rapidly growing cryptocurrency market, CleanSpark differentiates itself through its commitment to sustainability. By leveraging green energy, the company aims to make Bitcoin mining more environmentally friendly. This focus on sustainability helps CleanSpark build trust within the communities it operates and among its employees.

Financially, CleanSpark has been guided through numerous acquisitions and strategic debt financing, resulting in low debt levels. This financial prudence, combined with its innovative approach to Bitcoin mining, positions CleanSpark as a forward-thinking leader in the cryptocurrency space.

In summary, CleanSpark is a Bitcoin mining company that uses sustainable energy to power its operations. It serves a broad range of clients in the cryptocurrency market and makes money by earning Bitcoin through transaction verification. The company is committed to reducing its carbon footprint and building trust within its community.

Keywords: Bitcoin mining, blockchain, cryptocurrency, sustainable energy, low-carbon power, decentralized currency, financial independence, data centers, NASDAQ, green technology.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.

Investments by CleanSpark

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Pioneer Power Solutions
ACQUISITION by CleanSpark Feb 2019
GridFabric
ACQUISITION by CleanSpark Sep 2020
GRIID
ACQUISITION by CleanSpark Jun 2024