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CLEANSPARK, INC. (CLSKW)

AI-Powered SEC Filing Analysis

Current Report Filed: 2026-03-24

Key Insights

  • CleanSpark has made material changes to the rights of its Series A Preferred shareholders, including eliminating quarterly dividends and implementing a one-time special dividend.
  • The voting rights of the Series A Preferred shares have been modified, with the shares potentially voting in line with the Board's recommendations in certain circumstances.
  • Each Series A Preferred share will automatically convert to three common shares in the event of a change of control, which could impact the ownership structure of the company.
Sentiment: Neutral Significance: 7/10
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Insider Trading Filed: 2026-03-24

Key Insights

  • Brian Jay Carson, the Chief Accounting Officer, has disposed of 47,321 shares of the company's common stock.
  • Carson holds a significant number of equity-based awards, including employee stock options, restricted stock units, and performance stock units, which could indicate a long-term commitment to the company.
  • The reported transactions include the grant of 100,000 restricted stock units and 75,000 performance stock units, subject to vesting conditions, which may signal the company's efforts to incentivize and retain key personnel.
Sentiment: Neutral Significance: 5/10
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Insider Trading Filed: 2026-03-24

Key Insights

  • The Form 4 filing indicates that Scott Eugene Garrison, the EVP and Chief Development Officer of CleanSpark, Inc., disposed of 199,423 shares of the company's common stock on March 20, 2026.
  • Garrison also received grants of 160,000 restricted stock units and 120,000 performance stock units, which vest over the next three years, subject to the company's stock price performance and his continued employment.
  • The insider selling and equity grants suggest Garrison is adjusting his position in the company, but the overall equity awards indicate he remains committed to CleanSpark's long-term success.
Sentiment: Neutral Significance: 6/10
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Insider Trading Filed: 2026-03-24

Key Insights

  • Insider Taylor Monnig, who serves as CTO and COO, sold 168,581 shares of CleanSpark, Inc. common stock on March 20, 2026.
  • In addition to the stock sale, Monnig was granted 280,000 restricted stock units, 210,000 performance stock units, and 830,500 strategic transformation performance awards, which vest over the next several years subject to continued employment and achievement of stock price and operational targets.
  • The significant insider selling and large equity grants suggest potential changes in leadership or strategy at CleanSpark that investors should monitor closely.
Sentiment: Neutral Significance: 7/10
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Insider Trading Filed: 2026-03-24

Key Insights

  • Gary Vecchiarelli, the President and CFO of CleanSpark, Inc., has acquired a significant number of shares through various equity incentive plans, including 400,000 restricted stock units, 300,000 performance stock units, and 1,202,500 strategic transformation performance awards.
  • The vesting of these equity awards is contingent on the achievement of specific performance goals and time-based conditions, aligning Vecchiarelli's interests with those of the company and its shareholders.
  • The substantial insider ownership, combined with the performance-based vesting criteria, suggests strong confidence in CleanSpark's long-term growth prospects from the company's leadership.
Sentiment: Positive Significance: 7/10
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Insider Trading Filed: 2026-03-24

Key Insights

  • Insider S. Matthew Schultz, CEO and Chairman, has made a significant sale of 2.45 million shares of common stock.
  • Schultz also holds indirect beneficial ownership of 480,000 shares through the S M Schultz Irrevocable Trust and 40,996 shares through his spouse.
  • Schultz has been granted a substantial number of equity awards, including stock options, restricted stock units, and performance-based stock units, indicating significant incentives aligned with shareholder interests.
Sentiment: Negative Significance: 7/10
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Current Report Filed: 2026-03-05

Key Insights

  • CleanSpark, Inc. held its Annual Meeting of stockholders on March 3, 2026, with 68.19% of the collective voting power represented, indicating strong shareholder participation.
  • The company reelected all five directors, including S. Matthew Schultz, Larry McNeill, Dr. Thomas L. Wood, Roger P. Beynon, and Amanda Cavaleri, providing continuity in the board's leadership.
  • The appointment of BDO USA, P.C. as the company's independent registered public accounting firm for the fiscal year ending September 30, 2026, was ratified by a significant majority, demonstrating confidence in the firm's audit capabilities.
Sentiment: Positive Significance: 6/10
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Current Report Filed: 2026-02-05

Key Insights

  • CleanSpark, Inc. announced its fiscal year 2025 financial results, providing investors an update on the company's performance.
  • The company did not provide any forward-looking guidance or commentary on expected future performance.
  • The filing does not indicate any material changes to the company's leadership, operations, or strategic direction.
Sentiment: Neutral Significance: 3/10
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Quarterly Report Filed: 2026-02-05

Key Insights

  • The company has taken on significant debt financing, including a $2030 convertible note and corporate facility mortgage, which could increase financial risk.
  • The company is continuing to expand its mining operations and infrastructure, including modular immersion data centers, which could drive future revenue growth.
  • The company has several customer concentration risks, with a significant portion of accounts receivable tied to a few mining vendors and the Coinbase credit facility.
Sentiment: Neutral Significance: 6/10
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Insider Trading Filed: 2025-12-31

Key Insights

  • The reporting person, Amanda Cavaleri, is a director of CleanSpark, Inc. (CLSK) and has reported a disposition of 107,289 common shares of the company.
  • Cavaleri has also exercised 7,353 restricted stock units (RSUs) on December 31, 2025, resulting in the acquisition of an additional 7,353 common shares.
  • Following the reported transactions, Cavaleri now beneficially owns 114,642 common shares of CleanSpark, Inc. directly.
Sentiment: Neutral Significance: 4/10
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Insider Trading Filed: 2025-12-31

Key Insights

  • Roger Paul Beynon, a director of CleanSpark, Inc. (CLSK), exercised 7,353 restricted stock units (RSUs) on 12/31/2025, increasing his direct ownership to 132,864 common shares.
  • Beynon's RSU exercise represents a vote of confidence in the company, as insiders typically only exercise options/RSUs when they believe the stock is undervalued.
  • The RSU exercise was part of a larger equity incentive plan, with 50% of the RSUs vesting on 12/31/2025 and the remaining 50% vesting on 3/31/2026, aligning Beynon's interests with long-term shareholders.
Sentiment: Positive Significance: 6/10
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Insider Trading Filed: 2025-12-31

Key Insights

  • Thomas Leigh Wood, a director of CleanSpark, Inc., disposed of 41,421 shares of the company's common stock on December 31, 2025.
  • Wood also exercised 7,353 restricted stock units (RSUs) on the same date, increasing his direct beneficial ownership to 48,774 shares.
  • In addition, Wood's spouse owns an indirect beneficial ownership of 60,196 shares of the company's common stock.
Sentiment: Neutral Significance: 5/10
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Insider Trading Filed: 2025-12-31

Key Insights

  • Larry McNeill, a director at CleanSpark, Inc., acquired 7,353 shares of the company's common stock through the vesting of restricted stock units (RSUs) on December 31, 2025.
  • Following the transaction, McNeill now directly owns 296,120 shares of CleanSpark's common stock and 500,000 shares of the company's Series A Preferred stock.
  • The RSU vesting reflects ongoing equity incentive compensation for McNeill's role as a director, aligning his interests with those of the company and its shareholders.
Sentiment: Positive Significance: 5/10
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Important Information

AI-generated analysis is for informational purposes only. Always read original SEC filings and consult with qualified professionals before making investment decisions.