What does CleanSpark’s leadership transition mean for the bitcoin miner?

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Welcome back to The Mining Pod! Today, Harry Sudock from CleanSpark joins us to talk about the company's major leadership transition with CEO Zach Bradford's departure and Matt Schultz taking the helm. We dive into CleanSpark's impressive growth to 50 EH/s, their pure play mining strategy versus the industry's pivot to HPC/AI, and how they're managing a $680M convertible bond. Harry shares insights on fleet efficiency, power portfolio optimization, and the strategic optionality their strong cash flow provides. 

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**Notes:**

Timestamps:

00:00 Start

02:04 CEO stepping down

03:29 Mining only, no HPC

05:36 More management changes?

08:26 Operations & cashflow

12:36 Colorado Air Filter

16:21 ASIC purchases

19:06 Status of 10 exahash

22:08 Cleanspark

22:38 Debt & growth

27:31 Treasury strategy

👉CleanSpark, America's Bitcoin Miner!

CleanSpark (Nasdaq: CLSK), America's Bitcoin Miner!®, is a market-leading, pure play Bitcoin miner with a proven track record of success. They own a fully self-operated portfolio of mining facilities across the U.S. powered by globally competitive energy prices. CleanSpark sits at the intersection of Bitcoin, energy, operational excellence and capital stewardship to monetize low-cost, high reliability energy while securing the most important finite, global asset – Bitcoin.

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