Brian Carson
Effective October 1, 2024, Brian Carson has been appointed as the new Chief Accounting Officer of CleanSpark, Inc.
Highest-materiality recent filing
CleanSpark reports Q2 FY2026 revenue $136.4M, net loss $378.3M; Bitcoin holdings up 14% YoY
Revenue $136.4M, down 24.9% YoY; net loss ($378.3M) or ($1.52) per basic share.
CleanSpark eliminates quarterly preferred dividend; approves special $17.14/sh dividend
Quarterly dividend on Series A Preferred (2% of EBITDA) eliminated; holders get one-time special dividend of $17.142857 per share.
CleanSpark annual meeting elects five directors, ratifies BDO as auditor
All five director nominees elected: Schultz (159.7M for), McNeill (131.8M), Wood (131.3M), Beynon (152.6M), Cavaleri (135.9M).
Quarterly revenue $181.2M, up 11.6% YoY; net loss ($378.7M) or ($1.35)/share vs net income $246.8M ($0.85) in prior year.
CleanSpark FY2025 revenue $766.3M (+102% YoY), net income $364.5M vs loss, $1.15B 0% convertible
Revenue $766.3M, up 102% YoY from $379M; net income $364.5M ($1.25 basic EPS) vs ($145.8M) loss prior year.
CleanSpark closes $1.15B zero-coupon convertible notes; repurchases 30.6M shares for $460M
Aggregate principal $1.15B of 0.00% Convertible Senior Notes due 2032; net proceeds ~$1.13B.
CleanSpark prices $1.15B 0% convertible notes due 2032; plans $460M stock repurchase
$1.15B 0% convertible senior notes due 2032; initial conversion price $19.16 (27.5% premium to $15.03 close).
CleanSpark proposes $1B convertible note offering, discloses $59M tax liability
Proposes $1B convertible senior notes due 2032; initial purchasers may buy additional $200M.
CleanSpark acquires 271 acres and 285 MW in Texas to develop AI data center campus
Acquired rights to ~271 acres in Austin County, TX, with long-term power supply agreements for 285 MW to support an AI/HPC data center.
CleanSpark files prospectus supplement for resale of up to 1.79M shares by stockholder
Prospectus supplement filed on October 29, 2025 under existing S-3ASR (File No. 333-276409).
CleanSpark amends bylaws, removes stockholder special meeting and written consent rights
Stockholders can no longer call special meetings or act by written consent; board retains sole discretion.
CleanSpark opens $100M Bitcoin-backed credit facility with Two Prime, total facilities reach $400M
Revolving credit facility of $100M, interest at Term SOFR + 3.55%, matures Sept 14, 2026.
CleanSpark expands Coinbase credit facility by $100M to $300M total capacity
Side letter dated Sept 18, 2025 raises aggregate lending capacity to $300M (up $100M) from Coinbase Prime.
Gary Vecchiarelli adds President title, retains CFO; Scott Garrison becomes EVP & CDO; Taylor Monnig adds COO to CTO; Harry Sudock named CBO.
Zachary Bradford resigned as CEO and director effective Aug 10, 2025; board reduced from 6 to 5 members.
CleanSpark Q3 FY2025: revenue $198.6M (+91% YoY), net income $257.4M, EPS $0.90
Revenue of $198.6M, up 90.8% YoY from $104.1M.
CleanSpark Q2 revenue $181.7M (+62.5% YoY); net loss $138.8M vs prior-year profit
Revenue grew 62.5% to $181.7M from $111.8M in prior-year quarter.
CleanSpark boosts CTO Taylor Monnig's salary to $550K and equity target to ~360K RSUs
Base salary raised from $410K to $550K; bonus target increased to 150% of base.
Amended Master Loan Agreement with Coinbase Credit increases borrowing capacity to $200M, secured by Bitcoin.
CleanSpark elects all six directors, approves say-on-pay, ratifies auditor at 2025 annual meeting
All six director nominees elected with votes for ranging 120-142M; broker non-votes of 74.2M.
CleanSpark Q1 FY2025 revenue $162.3M (+120% YoY), net income $246.8M, EPS $0.85
Revenue $162.3M vs $73.8M prior year; net income $246.8M ($0.85 basic EPS) vs $25.9M.
CleanSpark closes $650M zero-coupon convertible note offering; repurchases $145M of stock
$650M aggregate principal of 0.00% Convertible Senior Notes due 2030, including $100M greenshoe exercised.
CleanSpark prices $550M zero-coupon convertible notes due 2030; conversion premium 20%
$550M 0.00% convertible senior notes due 2030, initial conversion price ~$14.80 per share (20% premium).
CleanSpark announces $550M convertible notes offering due 2030; up to $125M for share repurchase
$550M principal amount, plus option for $100M; notes due 2030, no interest.
CleanSpark FY 2024 revenue up 125% to $378.9M; adjusted EBITDA $245.8M
Revenue $378.9M, up 125% YoY from $168.4M; net loss ($145.8M) or ($0.69)/share.
CleanSpark Discloses Warrant Agreement Error Leading to Nasdaq Trading Halt
Nasdaq halted trading of CleanSpark securities on November 7, 2024, due to an error in the warrant agreement from the GRIID acquisition.
CleanSpark completes acquisition of GRIID Infrastructure, issues 5.03M shares in merger
Deal closed Oct 30; GRIID shareholders approved the merger on Oct 28, 2024.
CleanSpark shareholders approve doubling of authorized common shares to 600M
Amendment filed Oct 28, 2024 increases authorized common shares from 300M to 600M.
CleanSpark stockholders approve doubling authorized common shares to 600 million
Stockholders approved increase from 300M to 600M shares at special meeting on Oct 25, 2024.
CleanSpark and Coinmint mutually agree to non-renew colocation agreement for up to 50 MW
Agreement dated July 1, 2021, as amended, will not be renewed and expires January 1, 2025.
CleanSpark appoints Brian Carson CAO, adopts LTIP with up to $35M CEO target
Brian Carson appointed CAO effective Oct 1, 2024; base salary $300k, bonus up to 40%, 131,148 RSUs.
CleanSpark shuts 365 MW as Hurricane Helene hits; 200 MW restored, full ops expected Oct 4
All employees safe; no material damage to infrastructure or mining servers confirmed.
CleanSpark acquires 16.5 MW Mississippi sites for $5.775M, closes 45 MW Wyoming site
Total purchase price of Mississippi sites is up to $5.775M; includes land and construction completion, expected turnkey by Dec 1, 2024.
CleanSpark acquires seven TN Bitcoin mining facilities for $27.5M, adds 85 MW, 5 EH/s
Total cash consideration $27.5M for seven sites totaling 85 MW in Knoxville, TN area.
CleanSpark issues Series X Preferred to director, reduces quorum to 1/3 for authorized share vote
Sold 1M shares of Series X Preferred to independent director Thomas Wood for $1,000; each share has 1,000 votes only on proposal to increase authorized common from 300M to 600M shares.
CleanSpark Q3 revenue $104.1M (+129% YoY); net loss $236.2M on non-cash impairment
Revenue $104.1M (up 129% vs $45.5M prior year); mined 1,583 bitcoin despite halving.
CleanSpark adds $40M delayed draw loan for GRIID; $5M drawn immediately
Total loan facility: $55.9M initial term loan plus $40M delayed draw; $5M drawn Aug 5, 2024.
CleanSpark acquires 30 MW Wyoming Bitcoin mining site, signs 75 MW power contracts
Acquired a 30 MW immersion-cooled site in Cheyenne, adding over 2 EH/s to hashrate by end of 2024.
CleanSpark dismisses MaloneBailey, appoints BDO as auditor effective July 3, 2024
Audit committee approved engagement of BDO USA, P.C. as independent auditor, replacing MaloneBailey, effective July 3, 2024.
CleanSpark to acquire GRIID Infrastructure in all-stock deal valued at $155M EV
Enterprise value of $155M including debt assumption; GRIID stockholders get CleanSpark shares based on exchange ratio using $16.587 VWAP.
CleanSpark to acquire GRIID Infrastructure in ~$155M stock-for-stock merger
Aggregate consideration of ~$155M minus GRIID net debt; closing expected by March 31, 2025, subject to shareholder and regulatory approvals.
CleanSpark acquires 5 Georgia bitcoin mining sites for $25.8M, adding 60 MW capacity
Five facilities totaling 60 MW purchased for $25.8M cash; closing immediate.
CleanSpark restructures Wyoming land buy; Parcel 1 price $11.25M, no contingent payments
Acquisition split into two separate agreements: Parcel 1 (North Range) $11.25M and Parcel 2 (Campstool) $11.25M.
CleanSpark names Scott Garrison COO and Taylor Monnig CTO effective May 7
Garrison, previously SVP of Growth, appointed COO; Monnig, previously SVP of Mining Tech, appointed CTO.
CleanSpark Q2 revenue $111.8M (+163% YoY); net income $126.7M vs prior loss
Revenue $111.8M, up 163% YoY from $42.5M; net income $126.7M ($0.59 basic EPS) vs loss of $18.5M.
Cash purchase price of $18.75M for two sites with 75 MW of power; $13.75M contingent if additional 55 MW contracted within 180 days.
Effective October 1, 2024, Brian Carson has been appointed as the new Chief Accounting Officer of CleanSpark, Inc.
Effective May 7, 2024, Scott Garrison has been appointed as the new Chief Operating Officer of CleanSpark, inc.
Effective May 7, 2024, Taylor Monnig has been appointed as the new Chief Technology Officer of the Company.
Max materiality 0.90 · Median 0.75 · Most common event other_material