Effective as of October 3, 2019, Bryan Huber resigned as a director of CleanSpark, Inc. to allow independent directors to join the Board. Mr. Huber remains an officer of the company. On October 4, 2019, S. Matthew Schultz, a current director, was appointed as Chairman of the Board.

Larry McNeil, the former Chairman of the Board, remains on the board as an independent director. On October 7, 2019, two individuals were appointed as independent members of the Board: Dr. Thomas L. Wood and Roger P. Beynon. As a result of these board changes, there are five directors with three independents which now gives the company a majority independent Board.

Mr. Beynon is currently the chairman of the board of directors of Transwest Credit Union. Dr. Thomas L. Wood has over 33 years of highly successful experience in positions of increasing responsibility in planning and operations, policy development/implementation, construction management, defense acquisition, budgeting and programming, and managing large projects and programs. Dr. Wood will serve as a member of the Board until his successor is elected and qualified, or until his earlier death, resignation, or removal. On October 4, 2019, S. Matthew Schultz resigned as Chief Executive Officer (CEO) of the company.

Mr. Schultz will continue to serve as Chairman of the Board as described above. Concurrently, Current President and Chief Financial Officer (CFO), Zachary K. Bradford, was appointed CEO in Mr. Schultz's place. Mr. Bradford resigned from his position as CFO and retained his roles as President and a director of the company.

On October 7, 2019, the Board appointed Ms. Lori Love, CPA as CFO in place of Mr. Bradford. Ms. Lori Love, CPA, 34, is an experienced finance professional serving in roles in accounting, finance and risk management. Lastly, on October 7, 2019, Bryan Huber, current Chief Operating Officer (COO) of the Company, was appointed Chief Innovation Officer (CIO), and Mr. Anthony Vastola, current Chief Strategy Officer (CSO), was appointed as COO.