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Chairpersons

CleanSpark Appoints Matt Schultz as New CEO After Zachary Bradford's Resignation

Strategic Insights

— 1 min read

Zachary Bradford stepped down as CEO of CleanSpark, a leading Bitcoin mining company, and was replaced by Matt Schultz, who will lead the company's growth and expansion in the energy sector. Following Bradford's resignation, Schultz expressed his commitment to ensuring stability, continuity, and forward momentum for the company. CleanSpark reaffirmed its previously announced strategic plans and will report fiscal year 2025 full year results in November.

Key Takeaways:

  • Zachary Bradford, the former CEO of CleanSpark, resigned from his position as CEO and director of the company, effective immediately.
  • Matt Schultz, co-founder, executive chairman, and former CEO of CleanSpark, was appointed as the new CEO, marking his return to the position.
  • Schultz has 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.
  • Bradford expressed his gratitude and pride in the company's growth, stating that he will focus on his family and support the new leadership.
  • CleanSpark's management team remains unchanged, and the company reaffirms its previously announced strategic plans, which include continued execution as a global leader in Bitcoin mining and priority on driving further data center development.
  • Schultz emphasized his commitment to ensuring stability, continuity, and forward momentum for the company during this transition period.
  • CleanSpark will report its fiscal year 2025 full-year results in November.

Statistics:

  • Zachary Bradford served as CEO of CleanSpark since October 2019.
  • Matt Schultz previously led the company's growth in the energy sector and raised billions in capital to fuel the growth of the company's Bitcoin mining business.
  • CleanSpark has a portfolio of mining facilities across the United States, powered by globally competitive energy prices.
  • The company owns and operates a portfolio of mining facilities, sitting at the intersection of Bitcoin, energy, operational excellence, and capital stewardship, and optimizes its mining facilities to deliver superior returns to its shareholders.
  • CleanSpark has reported forward-looking statements regarding its expectations, beliefs, plans, intentions, and strategies for the future.

Sources:

  • CleanSpark, Inc. (NASDAQ: CLSK)
  • PRNewswire
  • Company press release, August 11, 2025

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