Bitcoin mining frequently faces criticism in climate circles for its voracious energy appetite. But what if that narrative is over-generalized or maybe even entirely misses the mark?
This week, we venture into the world of Bitcoin with Matthew Schultz, the founding CEO and now Executive Chairman of CleanSpark—the fourth largest publicly traded Bitcoin miner by market capitalization, valued at $3.2 billion. CleanSpark’s roots in renewable energy predate its entry into Bitcoin mining. A decade ago, Schultz and his team were pioneering advanced solar microgrids on U.S. military bases in California and partnering with the South African government and the World Bank to eradicate energy poverty through solar-plus-storage solutions.
CleanSpark began Bitcoin mining in 2020 and has been on a meteoric rise ever since. Operating in rural communities across America, the company primarily utilizes emissions-free nuclear energy and has cultivated a strong reputation as a community partner—boosting local tax revenue, strengthening grid resilience, and creating high-tech jobs far away from traditional tech and innovation hubs.
Today, CleanSpark mines between 3-4% of all new Bitcoin globally, making their strategic moves profoundly impactful. Ready for an eye-opening journey? Tune in to discover how CleanSpark seamlessly blends clean energy with cryptocurrency to forge a sustainable future.
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Guest: Matthew Schultz
Organization: CleanSpark | America's Bitcoin Miner
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10/30/24 • 56 min
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