CleanSpark Increases Salaries of Mining Operations Workers to Attract and Develop A-Players

Rhea-AI Summary

CleanSpark, Inc. (Nasdaq: CLSK) has increased entry-level salaries in its mining operations to $19 per hour, aiming to attract top talent. This increase positions CleanSpark's compensation above that of major e-commerce firms. The company continues to emphasize strong employee benefits, including employer-paid health insurance and paid time off. This move aligns with its commitment to environmental, social, and governance (ESG) principles and reflects its ambition to lead in the bitcoin mining industry.

Positive

• Increased entry-level salaries to $19/hour, above industry standards.
• Robust employee benefits, including employer-paid health insurance.
• Focus on sustainable energy sources for mining operations.

Negative

• None.

The move, aimed at bettering the lives of team members, is part of CleanSpark’s ESG commitment

LAS VEGAS, March 01, 2022 (GLOBE NEWSWIRE) -- CleanSpark, Inc. (Nasdaq: CLSK) (the "Company" or "CleanSpark"), a sustainable bitcoin mining and energy technology company, today announced that it has increased the starting salary of all existing entry-level positions in its mining operations to $19 per hour. The hourly pay of the Company is now more than that of similar positions at the biggest e-commerce or cloud-computing companies in the United States. 

As the Company focuses on its bitcoin mining operations, its commitment to society and governance remains as strong as ever. In addition to the most competitive employee benefits such as employer-paid health insurance and generous paid time off, the Company now provides all existing and future employees with salaries on par with the highest in the same and comparable industries. 

“We want to attract the A-players with great pay and benefits,” says Matt Schultz, Chairman at CleanSpark. “Like the biggest tech giants, we want to be known for having strong talent that gets paid well.”

“Our mining operations compensation plan is designed to show our employees how much we value their efforts,” said Zurii Mershant-D'Ambra, Human Resources Manager at CleanSpark. “CleanSpark wants to set the precedence for mining tech salaries in the bitcoin mining industry.” 

In September, CleanSpark announced a partnership with Georgia Power to invest in a $2 million power expansion to benefit power customers and community members living near its bitcoin mining facility in Norcross. The Company uses a mix of sustainable energy for its bitcoin mining operations including nuclear, hydroelectric, solar and wind. It also participates in Georgia’s Simple Solar program to boost it’s renewable energy commitments.

About CleanSpark
CleanSpark, Inc., a Nevada corporation, is a sustainable bitcoin mining and energy technology company that is solving modern energy challenges. For more information about the Company, please visit the Company's website at https://www.cleanspark.com/investor-relations.

Investor Relations Contact
Matt Schultz
ir@cleanspark.com  

Media Contacts
Isaac Holyoak
pr@cleanspark.com
702-989-7694 

BlocksBridge Consulting
Nishant Sharma
cleanspark@blocksbridge.com

FAQ

What is CleanSpark's new hourly wage for entry-level positions?

CleanSpark has increased its starting salary for entry-level positions to $19 per hour.

How does CleanSpark's pay compare to other companies?

CleanSpark's hourly pay is higher than similar positions at major e-commerce and cloud-computing companies in the U.S.

What benefits does CleanSpark offer its employees?

CleanSpark offers competitive employee benefits, including employer-paid health insurance and generous paid time off.

What is CleanSpark's commitment to ESG?

CleanSpark emphasizes its commitment to environmental, social, and governance (ESG) principles through higher employee compensation and sustainable energy use.

What is the significance of CleanSpark's salary increase?

The salary increase is aimed at attracting top talent and setting a precedent for mining tech salaries in the industry.