SALT LAKE CITY, Feb. 3, 2021 /PRNewswire/ -- CleanSpark,
Inc. (Nasdaq: CLSK) (the "Company"), a diversified software and
services company today announced that it has received a new
purchase order from a Houston,
Texas-based microgrid developer. CleanSpark has provided its
ATS (automatic transfer switch) solutions to the developer and its
customers for several years.
World's Largest Retailer to Deploy CleanSpark's Microgrid
Switchgear.
The Company's switchgear units will be deployed alongside energy
generation assets to provide resilient power and cost savings. The
end-use customer is the world's largest retail chain, operating
more than 11,500 locations worldwide. CleanSpark's ATS paired with
other microgrid assets will help keep stores operational during
utility outages.
This purchase order is expected to result in more than
$1,500,000 of additional revenue for
the Company.
Zach Bradford, CleanSpark's
President and Chief Executive Officer stated, "We are excited to
continue to provide switchgear to support custom microgrid
solutions for critical back-up power. With the increasing
frequency of grid disruptions, natural disasters and scheduled
power-outages, the number of businesses relying on microgrids
continues to rise. We anticipate additional switchgear orders from
this customer and other partners, both as a result of the
aforementioned events, as well as 'green' initiatives supported by
the new administration that should pave the way for increased
microgrid development."
Bradford concluded, "We believe the combination of our patented
energy solutions together with our Bitcoin mining division, make us
a true 'dual-threat' as we continue our rapid growth across all of
our divisions. This order is a result of our focus on
'best-in-class' solutions, whether they result from hardware,
software, residential or commercial initiatives. CleanSpark's
unique approach to energy solutions are expected to continue to
drive strong demand throughout our partnership networks. Recent
announcements discussing our platform upgrades and additional
distribution of our GridFabric software solutions are examples of
this increased demand for our products and services."
Parties interested in learning more about CleanSpark products
and services are encouraged to inquire by contacting the Company
directly at info@cleanspark.com or visiting the Company's website
at www.cleanspark.com.
Investors are encouraged to contact the Company
at ir@cleanspark.com, or visiting the Company's website at
https://ir.cleanspark.com/
About CleanSpark:
CleanSpark, Inc., a Nevada
corporation, is in the business of providing advanced software and
controls technology solutions to solve modern energy
challenges. We have a suite of software solutions that
provide end-to-end microgrid energy modeling, energy market
communications, and energy management solutions. Our
offerings consist of intelligent energy monitoring and controls,
intelligent microgrid design software, middleware communications
protocols for the energy industry, energy system engineering, and
software consulting services.
Through its wholly owned subsidiary ATL Data Centers LLC,
CleanSpark owns and operates a data center that provides customers
with traditional on-site and cloud-based data center services. The
Company also owns and operates a fleet of Bitcoin miners producing
over 200 PH/s in mining capacity. Capacity is expected to increase
to over 300 PH/s in mining capacity in early 2021. CleanSpark plans
to apply its energy technologies to these divisions with a goal of
mining bitcoins at the lowest energy prices in the United States. For more information,
visit https://ATL-DATA.com
Forward-Looking Statements:
CleanSpark cautions you that statements in this press release
that are not a description of historical facts are forward-looking
statements. These statements are based on CleanSpark's current
beliefs and expectations. The inclusion of forward-looking
statements should not be regarded as a representation by CleanSpark
that any of our plans will be achieved. Actual results may differ
from those set forth in this press release due to the risk and
uncertainties inherent in our business, including, without
limitation: the successful deployment of energy solutions for
retail applications or other sectors, the fitness of our energy
hardware, software and ither solutions for this particular
application or market, the expectations of future revenue growth
may not be realized, ongoing demand for our software products and
related services, the impact of global pandemics (including
COVID-19) on the demand for our products and services; and other
risks described in our prior press releases and in our filings with
the Securities and Exchange Commission (SEC), including under the
heading "Risk Factors" in our Annual Report on Form 10-K and any
subsequent filings with the SEC. You are cautioned not to place
undue reliance on these forward-looking statements, which speak
only as of the date hereof, and we undertake no obligation to
revise or update this press release to reflect events or
circumstances after the date hereof. All forward-looking statements
are qualified in their entirety by this cautionary statement, which
is made under the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995.
Contact - Investor Relations:
CleanSpark, Inc.
Investor Relations
(801)-244-4405
View original content to download
multimedia:http://www.prnewswire.com/news-releases/cleanspark-announces-multi-unit-switchgear-order-for-commercial-microgrids-301221158.html
SOURCE CleanSpark, Inc.