- Business
- CleanSpark, Inc. operates as a diversified energy technology and Bitcoin mining company headquartered in Henderson, Nevada, founded in 1987. The company owns and operates more than 1.3 gigawatts of power, land, and data centers across the United States, including locations in Georgia, Mississippi, Tennessee, and Wyoming. CleanSpark’s core products and services include Bitcoin mining operations supported by infrastructure capable of producing over 40 exahashes per second of computing power through approximately 188,500 mining machines with fleetwide efficiency of 21.94 joules per terahash; intelligent energy software and control technologies such as the mPulse, Switchgear, and mVSO software platforms for microgrid and distributed energy resource management; microgrid design, engineering, and consulting services; and energy storage solutions, particularly through its mPower battery storage product. CleanSpark’s software optimizes energy resiliency and economic performance for commercial, industrial, military, agricultural, and municipal customers by enabling scalable microgrid implementations.
Recent major company developments include a significant expansion of its operational portfolio by adding 423 megawatts of power capacity in 2024, reaching 726 megawatts of operating capacity, and achieving a 187% increase in hashrate to 27.6 exahashes per second. CleanSpark’s bitcoin treasury exceeded 8,000 bitcoins by the end of fiscal 2024, reflecting a 258% increase from the prior year. The company also reported record-breaking financial results in 2024, with adjusted EBITDA rising to $245.8 million, supported by counter-cyclical growth, capital allocation strategies, and operational efficiency improvements. Additionally, CleanSpark is advancing development of new AI data center capabilities with plans to secure tenants for new sites in Sandersville, Georgia, and Texas, further expanding its power and land portfolio to sustain this growth trajectory into 2025 and beyond.
CleanSpark’s business model integrates digital infrastructure development with energy management, positioning it at the confluence of Bitcoin mining, renewable energy, and next-generation compute services. The company maintains numerous subsidiaries including ATL Data Centers LLC, CleanBlok, Inc., and others that support its expansive operations across North America. This strategic focus on leveraging low-cost, reliable energy to power Bitcoin networks and scalable AI data centers underscores CleanSpark’s evolution as a market leader in sustainable digital infrastructure.