A benefit that comes with solving these problems is energy cost savings as our solutions are supported by renewable energy and cheaper power. Two modern energy challenges we’re focused on solving are the lack of resiliency during natural disasters and fossil fuel emissions, whether from Bitcoin mining or automobiles. Companies like CleanSpark are striving to make a positive impact and pave the way for a more environmentally friendly future. The planet is facing a myriad of environmental problems. To begin, which particular problems are you aiming to solve? Let’s now shift to the main part of our discussion about the tech tools that you are helping to create that can make a positive impact on the planet and the environment. When people around you know you’re in the trenches, and that you’ve been there before, it’s empowering. Rolling up your sleeves, shoveling coal into a gasifier we’re developing, loading trucks, painting offices, facing up to challenges. People want to be part of something larger than the sum of the parts. Lastly, I’d say that I don’t ever ask anyone to do anything I haven’t already done. Many times our teams have sacrificed nights or weekends for the benefit of ‘our’ company. As a public company, using equity to compensate and incentivize our teams gives much greater value than just more to the paycheck. If you change the mindset from employee to partner, people are willing to go above and beyond to ensure success. Be solutions-oriented and don’t ever be afraid to ask for suggestions. Both with your stakeholders and your team. Which three character traits do you think were most instrumental to your success? Can you please share a story or example for each? My favorite quote of his, “Matty, I’ll be honest, I’d rather have ¼ of 1% of Chrysler than 99% of Joe’s Shoe Store.” That’s remained a driving force in all I do, making sure that our whole team rises together. He taught me a valuable lesson about making your team into your business partners by creating ownership opportunities. He reviewed a theoretical business plan project for me, one that I had designed a company and I owned all of the equity. I was heavily involved in business clubs and organizations as a student. My grandfather on my dad’s side was a big influence. Is there a particular person who you are grateful towards who helped get you to where you are? Can you share a story about that? Can you please give us your favorite “Life Lesson Quote”? Can you share how that was relevant to you in your life? None of us are able to achieve success without some help along the way. It was amazing to see the respect the troops have for such a powerful leader. We traveled to Marine Corps Base Camp Pendleton a few years back, with an Air Force General, John Phillips. I’d say that getting the chance to tour US Military installations to provide energy security is pretty cool. Played sports, raised horses - really an amazing place to raise a family.Ĭan you share the most interesting story that happened to you since you began your career? I’m the oldest of four with three younger sisters. Can you tell us a bit about your childhood backstory and how you grew up? Before we dive in, our readers would love to learn a bit more about you. Thank you so much for joining us in this interview series. A native of Lander, WY, he studied management and finance at Weber State University. Schultz was a founding member and the Vice President of the Utah Consumer Lending Association. While serving as the Chairman of Pali Financial Group, Inc., he assisted in market development of dozens of public corporations. Since 1999, Matthew has assisted numerous start-up and early stage companies to secure financing and expedite growth including as the President of Wexford Capital Ventures, Inc. As a part of this series, I had the pleasure of interviewing Matthew Schultz, Chairman and co-founder, CleanSpark, Inc. We are interviewing leaders of tech companies who are creating or have created a tech product that is helping to make a positive change in people’s lives or the environment.
#Cleanspark competitors series#
To highlight these, we started a new interview series about “Technology Making An Important Positive Social Impact”. But of course many tech companies are doing important work making monumental positive changes to society, health, and the environment. In recent years, Big Tech has gotten a bad rep.
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