We strive to be the leading digital currency miner by integrating key ESG criteria into our business operations and by being completely transparent with our stakeholders. Bitcoin miners have an important role to play in decarbonizing the economy, educating the public on the social utility of Bitcoin, and operating transparently so that newcomers to the bitcoin ecosystem can fully participate in and understand this next stage in the evolution of money. Bitcoin miners may be hardware operators and infrastructure developers, but the blockchain is about more than ledgers and nonces and machines: it’s about people and the planet. It’s about creating a better world.
Choose a category below to view our commitments and policies.
We have a once in a lifetime opportunity to create something larger than ourselves by building the infrastructure of the new economy. Bitcoin gives us a rare opportunity to participate in something bigger and more important than our individual selves. Bitcoin is a watershed moment, not only in the history and invention of money, but in how we relate to each other.
Our ESG commitments are a natural extension of our core values: To cultivate trust and be transparent. We may not be the best (yet) or the boldest (soon enough), but we are the most trusted and transparent bitcoin miner in the world. And that’s what makes us different.
CleanSpark takes a low-carbon strategy when it comes to sourcing our electricity. Because we often buy into regional energy mixes, we can’t always control the precise mix that power our mining campuses. To make up for the difference, we participate in renewable energy programs, like Georgia Simple Solar. Our participation in the program has an estimated environmental impact similar to growing 1,200 trees for 10 years, replacing 2,700 incandescent bulbs with LED lamps, and avoiding 8,000 gallons of gasoline (Georgia Power, 2022).
We partner with the communities we operate in and work to earn their trust. Whether building our own facilities or choosing partners to host our machines, we make a positive impact on local economies by developing underused infrastructure and creating new job opportunities.
Keeping Our Focus on People
We can never forget that behind every ASIC hashing is a person making sure the machine is maintained. And within every block we mine are thousands of transactions, each one connected to a person who depends on the Bitcoin a blockchain as a medium of exchange and as a store of value. This work, for all its technical jargon and sophistication, is about people. Our social focus is external and internal.
External
When the war in Ukraine started, one of the only ways to get help to the people of Ukraine was through bitcoin and other cryptocurrencies. Like many people across the world, we felt helpless. But we paired our bitcoin and our beliefs by sending a crypto donation to a Ukrainian children’s organization, vetted by the Human Rights Foundation, to help people directly impacted by Russia’s violence.
There are needs at home, too. We partner with the communities we operate in and work to earn their trust. We worked with Gwinnett Technical College, located near our Norcross, GA, facility, to fund scholarships for students in the computer sciences. The scholarships covered the cost of an associate’s degree for five students. We’ve also sponsored the Atlanta Blockchain Center to help advance blockchain innovations in the Southeast. We are proud members of the Atlanta Chamber of Commerce, Las Vegas Chamber of Commerce, Henderson Chamber of Commerce, Texas Blockchain Association, and the Chamber of Digital Commerce.
Internal
We pay competitive wages, at or above market rates for similar entry-level jobs. In early 2022 we increased the starting salaries of all existing entry-level positions to $19/hr, making pay more than that of similar positions at the biggest e-commerce or cloud-computing companies in the United States. Employee benefits include PTO, health insurance, and a 401K plan. We are committed to hiring a diverse workforce so that the professional Bitcoin ecosystem mirrors the diversity of its millions of users.
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Industrial-scale bitcoin mining is young, so the industry must set its own standards—and CleanSpark is a leading standard-setter. We were one of the first large publicly traded miners to release monthly updates on our bitcoin production. We are one of the only bitcoin miners with an ESG section on its investor relations website, and we update our investors with quarterly management updates.
We cultivate trust and transparency among our employees, the communities we operate in, and the people around the world who depend on Bitcoin.
We use capital transparently because securing the bitcoin blockchain is a privilege and responsibility we take to heart. We combine the bitcoin we mine with the wise stewardships of our equity and the responsible deployment of debt.
ESG is built into how we organize ourselves. CleanSpark maintains a formal ESG governance structure, including an ESG charter, ESG executive committee, and ESG operational committee. We continue to evolve our formal ESG oversight as we continue to enhance our ESG commitments.
