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CleanSpark Appoints Matt Schultz as CEO, Zachary Bradford Resigns
ByAinvest
Monday, Aug 11, 2025 7:05 am ET1min read
CleanSpark appoints Matt Schultz as CEO, effective immediately, following Zachary Bradford's resignation as CEO and director. Schultz, co-founder and former CEO, will focus on ensuring stability and continuity. The company reaffirms its strategic plans and will report FY2025 full-year results in November.
CleanSpark (NASDAQ: CLSK), a leading Bitcoin mining company, has announced a significant leadership change with co-founder and Executive Chairman Matt Schultz appointed as CEO, effective immediately. This follows the resignation of Zachary Bradford from his positions as CEO and director.Schultz, who previously served as CEO and helped found the company in 2014, was instrumental in raising billions in capital for the company's Bitcoin mining business growth. The company's existing management team will remain in place, and CleanSpark has reaffirmed its strategic plans announced in their recent earnings report, with a continued focus on Bitcoin mining leadership and data center development.
Schultz commented, "As a founder who has always been actively involved, I care deeply about this company, our people, and our mission. 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."
Bradford, who co-founded the company in 2014 and served as CEO since October 2019, said, "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. 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."
CleanSpark reaffirms its previously announced strategic plans and will report fiscal year 2025 full-year results in November.
References:
[1] https://www.stocktitan.net/news/CLSK/clean-spark-appoints-matt-schultz-n0anucvbbsuj.html
[2] https://www.marketscreener.com/news/cleanspark-appoints-matt-schultz-ceo-ce7c5ed2df88ff23
[3] https://www.tradingview.com/news/tradingview:76f6ff41c5000:0-cleanspark-reports-third-quarter-fiscal-2025-results/
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