# CleanSpark funding: rounds and investors

> CleanSpark has raised $1.1B across 2 rounds since 2019. Investors include Trinity Capital and California Energy Commission. Every round with its source.

Source: https://millionrounds.com/company/cleanspark (Millionrounds; every figure on the page links to its filing or article)

United States · [Funded startup](https://millionrounds.com/companies)

# Who invested in *CleanSpark*

2 rounds we have observed, with the 2 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Cleantech Web3 & Crypto

Raised 12 months ago

Funding summary Updated 26 Oct 2026

**$1.1B** raised across 2 rounds since 2019, from 2 sources

**$20M** Round **$1.1B** Debt

- **Latest round:** Debt, $1.1B Nov 2025
- **Step-up i:** 55×
- **Investors:** 2

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2019 2020 2021 2022 2023 2024 2025

**$20M** Round

**$1.1B** Debt

- **First round:** Round, $20M
- **Biggest round:** $1.1B
- **Between rounds:** 6.5 years

## The rounds

- **Nov 2025** Debt **$1.1B** *2 new* [Trinity Capital](https://millionrounds.com/fund/trinity-capital) [California Energy Commission](https://millionrounds.com/fund/california-energy) Source recorded
- **Apr 2019** Round **$20M** No investor was named in the report. Reported by FinSMEs

## Founders and team

From CleanSpark's own website: 18 on the team.

- **Scott Garrison** Chief Development Officer & Executive Vice President
- **Gary A. Vecchiarelli** President & Chief Financial Officer
- **S. Matthew Schultz** Chief Executive Officer & Chairman
- **Bo Ginn** Vice President, Business Operations
- **Brad Audiss** Senior Vice President, Operations
- **Joni McMillan** Vice President, Corporate Operations
- **Nick McKenzie** Vice President, Projects – AI Data Centers
- **Ruben Sahakyan** Senior Vice President, Finance
- **Tyler Kostun** Vice President, Technology
- **Vince Alfi** Vice President, Commercial Operations – AI Data Centers
- **Brian Carson** Chief Accounting Officer
- **Harry Sudock** Chief Business Officer
- **Taylor Monnig** Chief Operating Officer & Chief Technology Officer
- **Amanda Cavaleri** Director
- **Larry McNeill** Director
- **Leighton Koehler** General Counsel
- **Roger P. Beynon** Director
- **Thomas L. Wood** Director

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Round** 2019 **Debt** 2025 [Trinity Capital](https://millionrounds.com/fund/trinity-capital) [California Energy Commission](https://millionrounds.com/fund/california-energy)

## Everyone who backed them

[Trinity Capital](https://millionrounds.com/fund/trinity-capital) VC firm **1** round

[California Energy Commission](https://millionrounds.com/fund/california-energy) Government **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=cleanspark).

## Quick answers about CleanSpark

### Who invested in CleanSpark?

CleanSpark's investors include Trinity Capital and California Energy Commission.

### How much has CleanSpark raised?

CleanSpark has raised $1.1B across 2 rounds since 2019.

### When did CleanSpark last raise?

CleanSpark's most recent round was a Debt of $1.1B in Nov 2025.

### What was CleanSpark's biggest round?

Its most recent round, $1.1B in Nov 2025, is also its largest on record.

### Who backed CleanSpark first?

CleanSpark's first round on record, in Nov 2025, was backed by Trinity Capital and California Energy Commission.

### What stage is CleanSpark at?

CleanSpark's latest named round is a Debt, in Nov 2025.

### Where is CleanSpark based?

CleanSpark is based in the United States.

## Companies like CleanSpark

In the same sector, and raised in the last eighteen months.

[**Amogy** $125M · Oct 2026](https://millionrounds.com/company/amogy)[**Kalshi** $2.7B · Oct 2026](https://millionrounds.com/company/kalshi)[**LanzaJet** $67M · Oct 2026](https://millionrounds.com/company/lanzajet)[**STRIVE** $1.3B · Oct 2026](https://millionrounds.com/company/strive)[**Pivot Energy** $500M · Oct 2026](https://millionrounds.com/company/pivot-energy)[**Peak Energy** $163M · Oct 2026](https://millionrounds.com/company/peak-energy)

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