CleanSpark Appoints Matt Schultz CEO

CleanSpark, Inc. (Nasdaq: CLSK) (the “Company”), America’s Bitcoin Miner®, has named Matt Schultz, co-founder, executive chairman and former CEO of CleanSpark as CEO, effective immediately following the resignation of Zachary Bradford as an officer and director of the Company.

Schultz founded CleanSpark and previously served as CEO and is currently Executive Chairman. He originally led the Company’s growth in the energy sector and was instrumental in raising billions in capital to fuel the growth of the Company’s bitcoin mining business. His leadership has been critical in making CleanSpark one of the largest and most recognizable bitcoin mining companies in North America.

“As a founder who has always been actively involved, I care deeply about this company, our people, and our mission,” said Matt Schultz. “My focus stepping in as CEO is to ensure stability, continuity, and forward momentum during this time, and to support the team and our board as we continue to execute as a market leader. As we have continued to grow, the board believes that now is the right time for a change in leadership as we look to fully capture opportunities available to CleanSpark.”

“Since co-founding this company in 2014, it has been the privilege of a lifetime to help lead it through every stage of growth into the company it is today”, Bradford said. “I am profoundly proud of what we have built together and deeply grateful to the extraordinary people who made it possible. The time has come for me to transition the role to the next leader and focus on my family. I am confident in the bright future ahead and will forever cherish my time here and the remarkable journey we have shared.”

“We thank Zach for his contributions since co-founding CleanSpark alongside me in March 2014 and serving as CEO since October 2019. We wish him all the best in his future endeavors,” Schultz continued.

“Importantly, we have an excellent management team who will all remain in place, and our priorities remain unchanged from what we laid out last week in our earnings report: continued execution as a global leader in bitcoin mining, drive further data center development monetizing our energy under contract and stay opportunistic as we look to the future. I am so proud to work alongside all of them.”

CleanSpark reaffirms its previously announced strategic plans and will report fiscal year 2025 full year results in November.