CleanSpark Appoints Co-Founder Matt Schultz CEO After Zachary Bradford Resignation

Cleanspark Inc., a leading Bitcoin mining company, has appointed co-founder Matt Schultz as its new CEO following the resignation of Zachary Bradford. Schultz, who previously served as CEO and is currently Executive Chairman, returns to lead the company with a focus on stability, continuity, and capitalizing on growth opportunities in the Bitcoin mining industry. Bradford's departure was amicable, accompanied by a separation agreement including salary, bonuses, and bitcoin compensation. The leadership change has positively influenced investor sentiment, with shares rising by 3.57%, while analysts project significant growth potential, with average price targets suggesting over 100% upside. Cleanspark reaffirmed its strategic plans and aims to report its full fiscal year 2025 results in November. The company's board will also be reduced in size as part of the transition.