CleanSpark, Inc. provides bitcoin mining and energy technology solutions worldwide. It operates in two segments, Digital Currency Mining and Energy. The Digital Currency Mining segment engages in mining of bitcoin. The energy segment provides engineering, design and software, custom hardware, open automated demand response, solar, and energy storage solutions for microgrids and distributed energy systems to military, commercial, and residential customers; and develops platforms that enables designing, building, operating, and managing of energy assets. This segment also offers microgrid energy modeling, energy market communications, and energy management solutions comprising mPulse and mVoult, which are control platforms that enables integration and optimization of multiple energy sources; Canvas, a middleware for grid operators and aggregators to administrate load shifting programs; Plaid, a middleware for controls and Internet-of-Things products companies to participate in load shifting programs; and mVSO, an energy modeling software for internal microgrid design, as well as owns gasification energy technologies for various applications, such as feedstock for the generation of di-methyl ether. In addition, it provides design, software development, and other technology-based consulting services; data center services, including rack space, power, and equipment; and various cloud services, such as virtual, virtual storage, and data backup services. The company was formerly known as Stratean Inc. and changed its name to CleanSpark, Inc. in November 2016. CleanSpark, Inc. was incorporated in 1987 and is headquartered in Henderson, Nevada.

CleanSpark, Inc.

TeraWulf Inc., together with its subsidiaries, operates as a digital asset technology company in the United States. It develops, owns, and operates bitcoin mining facility sites. The company operates two bitcoin mining facility sites located in New York and Pennsylvania. TeraWulf Inc. is based in Easton, Maryland.

TeraWulf Inc.

CleanSpark responsibly develops infrastructure for Bitcoin, an essential tool for financial independence and inclusion. The company invests in communities that source low-carbon energy, like wind, solar, nuclear, and hydro.

CleanSpark

Attention, Atlanta! The local premiere of Dirty Coin The Movie, a film about bitcoin and energy, is this Friday, June 21 at 6:30 pm. 🎥🎬🎞️

Join us for the viewing and a panel afterwards featuring CleanSpark, Alana Mediavilla-Diaz, Margot Paez and Shahar Abrams.

Link for tix: https://lu.ma/ecpgqp2r

Our CEO and co-founder Zachary Bradford has been recognized as an Entrepreneur Of The Year® 2024 Pacific Southwest Award winner! 🏆 

He joins an esteemed community of business leaders who have driven company success and made a positive impact on their employees and communities they operate in. Past recognition includes executives from Starbucks, Chobani, Fitbit (now part of Google) and many more.

From CleanSpark’s humble beginnings, to entering the bitcoin mining industry during the pandemic, CleanSpark has emerged as one of the largest and fastest-growing self-mining BTC operators.

“I have an immense amount of gratitude for this award because it’s not just a recognition, but a testament to the success CleanSpark has achieved during our ongoing journey. It’s a celebration of every person who has contributed to CleanSpark’s growth and I’m so excited to continue carving our own path, especially in such an innovative space,” said Bradford.

What’s next? Zach is eligible for consideration for the Entrepreneur Of The Year 2024 National Awards, which will be held this November.

Please join us in wishing Zach a huge congratulations!

More on our blog here: https://bit.ly/3XlLnLS

#EOYUS #EOYPACSW

Education is important for the mass adoption of Bitcoin, no matter the political party. We’ve spent time at the local and national levels having conversations with lawmakers to discuss the positive impacts of Bitcoin mining. Most recently, our CEO Zachary Bradford and executive chairman S. Matthew Schultz met with Donald Trump alongside other leaders in the Bitcoin mining space. 

#advocacy #policy #education

In our first full month of production after the block reward halving, CleanSpark outperformed industry expectations. Here are some May bitcoin mining numbers:  

*Monthly BTC mined: 417 
*Current hashrate: 17.97 EH/s 
*Total holdings: 6,154 
*Month-end fleet efficiency: 23.05 J/TH  

"Remarkably, our post-halving production has also outpaced what some of our peers achieved prior to the halving. We have continued with our progress and are making meaningful gains and upgrades. For example, we achieved a new high mark of nearly 18 exahashes per second while driving our efficiency even further to 23.05 joules per terahash. As we continue to grow our hashrate, we are on a trajectory to rapidly recover our production to pre-halving levels.   

Meanwhile, as we maximize the performance of our existing fleet, we remain highly active in the M&A space. We expect to close on the first site in Wyoming in the coming days and continue to aggressively seek additional opportunities that align with the CleanSpark way. We will continue to provide transparency and updates as we have them. In fact, we recently had our first-ever retail investor day, held at our immersion-cooled facility in Norcross, Georgia. I’d like to thank our investors who were able to take time out of their busy schedules to attend and meet with us," says CEO Zachary Bradford.

In addition, grading is complete and building permits have been issued for our Dalton, Georgia, expansion. Once complete, it will run a fleet of S21s in a 15 MW facility with a hashrate of approximately 0.8 EH/s.  

Full release: https://bit.ly/3VaPdVb

Over the past year, publicly traded Bitcoin Mining companies have seen their valuations grow exponentially. Here, Anthony Power, Bitcoin Mining analyst, discusses the importance of ATM strategies for companies like CleanSpark.

To watch the full episode today, please check out our YouTube Channel 📺

#bitcoinmining #bitcoin

Seeing blue but not feeling blue. 💙

The amazing CleanSpark team had all hands on deck for our first ever retail investor day. 👥

We appreciate everyone who traveled near and far to see our immersion-cooled bitcoin mining facility in Norcross, GA. 💦

Drop some of your favorite moments from today’s event here! ⤵️

Metric
Company Name	CleanSpark, Inc.	TeraWulf Inc.
Symbol	CLSK	WULF
MSH ID	COM:CLEANSPARK	COM:TERAWULF
Market	STOCKS	STOCKS
Sector	Technology	Financial Services
Industry	Software - Application	Financial - Capital Markets
Country	US	US
Stage
Employee Count	130	10
Website	cleanspark.com	terawulf.com
LinkedIn	cleanspark-inc	terawulf
Founders

Metric
Market Cap	3.46B	1.63B
Enterprise Value
Monthly Web Traffic		10.44K
Web Traffic Growth		0.18
Valuation
Raised Capital

Metric
Revenue	168.41M	69.23M
Revenue (LTM)
Revenue (NTM)
Gross Profit	29.11M	41.91M
EBITDA	-2.09M	-73.29M
Operating Income	-131.04M	-73.29M
Net Income	-136.59M	-74.50M
EPS	-1.33	-0.00
Diluted EPS	-1.33	-0.00
Revenue 2022
Revenue 2023
Revenue 2024
Revenue 2025
Revenue 2026

Metric
Revenue Growth (LTM)
Revenue Growth (NTM)
Gross Profit Growth (LTM)
EBITDA Growth (LTM)
Net Income Growth (LTM)
14-Day Growth Score
28-Day Growth Score
90-Day Growth Score
365-Day Growth Score

Metric
Gross Profit Margin	0.43	0.57
Operating Profit Margin	-0.10	-0.28
EBITDA Margin	-0.01	-1.06
Net Profit Margin	0.22	-0.42
Return on Equity	0.07	-0.19
Return on Assets	0.04	-0.11
Return on Capital Employed	-0.02	-0.09

COM:CLEANSPARK

CleanSpark

Last Close

12.96

22/11 21:00

Market Cap

3.46B

Beta: -

Volume Today

258.38K

Avg: -

Company Overview

Market Metrics

Financial Performance

Growth Metrics

Profitability Ratios

Valuation Multiples

Operational Metrics

Cash Flow Metrics

Balance Sheet Metrics

Efficiency Metrics

Metric
P/E Ratio	-5.84	-3.97
P/B Ratio	1.18	2.25
Revenue Multiple (LTM)
Revenue Multiple (NTM)
EBITDA Multiple (LTM)
EBITDA Multiple (NTM)
Price to Sales Ratio	18.34	19.85
EV Multiple	63.77	395.81

Metric
Days Sales Outstanding	0.01	17.90
Days Payables Outstanding	210.34	299.60
Days Inventory Outstanding	2.19	36.40
Operating Cycle	51.49	54.31
Cash Conversion Cycle	-27.38	-29.17
Asset Turnover	0.25	0.25

Metric
Operating Cash Flow	-30.39M	4.16M
Free Cash Flow	-332.70M	4.16M
Cash Flow to Debt	4.64	0.73
Operating Cash Flow/Sales	0.21	0.44
Free Cash Flow Yield	-0.22	-0.16

Metric
Cash & Equivalents	29.21M	54.44M
Accounts Receivable	-108K
Inventory	809K
Goodwill	8.04M
Debt to Capitalization	0.02	0.45
Debt to Assets	0.02	0.40
Current Ratio	1.38	0.12
Quick Ratio	12.48	1.20

Metric
Rule of 40 (LTM)
Rule of 40 (NTM)
Stock Comp to Revenue	0.14	0.08
R&D to Revenue
SG&A to Revenue	0.34