CleanSpark Appoints Matt Schultz CEO
Board accepts Zachary Bradford’s resignation as chief executive officer and director of CleanSpark
LAS VEGAS, Aug. 11, 2025 — 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. He is currently Executive Chairman and originally led the Company’s growth in the energy sector, raising billions 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 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.
About CleanSpark
CleanSpark (Nasdaq: CLSK), America’s Bitcoin Miner®, is a market-leading, pure play Bitcoin miner with a proven track record of success. We own and operate a portfolio of mining facilities across the United States powered by globally competitive energy prices. Sitting at the intersection of Bitcoin, energy, operational excellence, and capital stewardship, we optimize our mining facilities to deliver superior returns to our shareholders. Monetizing low-cost, high-reliability energy by securing the most important finite, global asset – Bitcoin – positions us to prosper in an ever-changing world. Visit our website at www.cleanspark.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding the Company’s expectations, beliefs, plans, intentions, and strategies, including the impact of the CEO transition and the ability of the Company to execute on its strategic plans. These statements are subject to risks, uncertainties, and other important factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied by the forward-looking statements. The Company assumes no obligation to update or revise any forward-looking statements as a result of new information, changed circumstances, or future events, except as required by law.
Investor Relations Contact
Harry Sudock
702-989-7693
[email protected]
Media Contact
Malory Van Guilder
651.335.0585
[email protected]
SOURCE CleanSpark, Inc.