424b3



PROSPECTUS SUPPLEMENT NO. 2

Filed Pursuant to Rule 424(b)(3)

(To Prospectus Dated May 14, 2014)

Registration Statement No. 333-189937


32,311,015 Shares of Common Stock

BLUE EARTH, INC.



This Prospectus Supplement updates the Prospectus dated May 14, 2014 of Blue Earth, Inc. (the “Company”).


This supplement to the Resale Prospectus dated May 14, 2014 provides information with respect to a new selling stockholder, Jackson Investment Group, LLC which received 1,000,000 shares pursuant to transfer and exercise of warrants from various selling stockholders included in the Resale Prospectus.  Accordingly the number of shares held by those selling stockholders disclosed in the Resale Prospectus has been reduced by their respective share of the 1,000,000 shares issued under the warrants.  All other information in the Resale Prospectus shall remain unchanged.  This supplement does not reflect sales of Shares by any selling stockholder pursuant to the Resale Prospectus that may have occurred prior to date of this Prospectus Supplement No. 2.  Percentage of beneficial ownership was calculated based on 63,951,292 shares of Blue Earth common stock outstanding as of May 7, 2014.


Under the caption “Selling Stockholders” the Jackson Investment Group, LLC should be added to the table and the other Selling Stockholders shares as set forth in the table should be revised as follows:


 

 

 

 

 

After Offering (1)

 

 

 

 

 

 

 

Selling

Stockholder

Ownership

Before

Offering

Number of

Shares of

Common

Stock

Beneficially

Owned

Common

Stock Issued

and/or

Issuable

Upon

Conversion

of Series C

Preferred

Stock (2)

Common

Stock Issued

and/or

Issuable

Upon Exercise

of  Class A

Warrants

Other

Securities

Offered

Number of

Shares of

Common

Stock

Beneficially

Owned

Percentage

of

Common

Stock

Beneficially

Owned

Jackson Investment Group, LLC

1,000,000 (43)

-0-

1,000,000 (44)

-0-

-0-

0%

Lotus Capital Markets LLC

-0-

-0-

-0-

-0-

-0-

0%

Fred C. Shaker Rev. Trust U/A DTD 5/18/2006

154,460

112,000 (42)

42,460

-0-

-0-

0%

Triage Capital Management LP

84,000

84,000 (42)

-0-

-0-

-0-

0%

Alla Pasternack

28,000

28,000 (42)

-0-

-0-

-0-

0%

Orsak Family Trust

548,000

448,000

100,000

-0-

-0-

0%

Keith Guenther

680,000

560,000

120,000

-0-

-0-

0%

Yuri & Eleonora Minkovsky

28,000

28,000

-0-

-0-

-0-

0%

Helen Thomas

262,080

262,080

-0-

-0-

-0-

0%

David Lies

5,107,399

1,792,000

317,040

179,368 (35)

2,336,031

3.5%

 

(43)  Richard L. Jackson, majority owner and sole manager of Jackson Investment Group, LLC, has voting and dispositive power over these securities.

 

(44)  An aggregate of 1,000,000 shares of common stock issued upon exercise of Class A Warrants acquired in a private placement pursuant to subscription agreements dated June 20, 2014.


_______________________



The date of this Supplement is June 24, 2014



This supplement is part of the Resale Prospectus

and must accompany the Resale Prospectus.