CleanSpark, Inc. (Nasdaq: CLSK) (the “Company” or “CleanSpark”),
a diversified software, services, and clean Bitcoin mining
company today announced that it had extended and expanded its
contract manufacturing agreement with Pioneer Power Solutions,
Inc., (Nasdaq: PPSI). The Company is also proud to announce its
membership in Think Microgrid, a group of leading Microgrid and
Energy companies, organized to advance state and federal policies.
‘Think Microgrid’ fills the need for a coordinated voice
supporting the fast-growing microgrid sector in critical policy,
legislative and regulatory discussions currently underway. More
information can be found at Think Microgrid’s website HERE.
CleanSpark’s President and Chief Executive Officer, Zachary
Bradford said, “We are excited and motivated to join Think
Microgrid, a group that acts as an educational resource for policy
makers and regulators on critical issues pertaining to energy
generation, storage, distribution and management. The
organization’s stated goal is to help facilitate improvements to
the domestic power grids, incorporation of renewables and
distributed energy, bring cost savings to customers and
stakeholders and increase the visibility of clean energy
initiatives worldwide.”
The Company also executed an updated Distribution Agreement with
Pioneer Power Solutions, Inc. that extends and expands the
relationship between the two companies through the end of 2023. As
part of the new agreement, Pioneer Power has been granted expanded
rights to utilize CleanSpark’s proprietary software products,
including mPulse and GridFabric’s OpenADR solutions. Pioneer plans
to bundle the solutions with PowerBloc, PPSI’s integrated charging
and power solution for EV (electric vehicle) infrastructure. In
addition, CleanSpark has been granted expanded rights and
opportunities to serve as a preferred distributor of the PowerBloc
solution.
PowerBloc addresses the increasing demand from customers and
government initiatives for large-scale electric charging
capabilities that are cost effective and can be rapidly deployed.
PowerBloc can grow with changes to a site allowing for easy plug-in
of on-site solar, wind, peak shaving or back-up generation.
CleanSpark’s Chief Revenue Officer, Amer Tadayon, stated, “The
expanded partnership allows us to combine mPulse and GridFabric
within multiple EV integrations for Pioneer Power. CleanSpark will
also add PowerBloc to our microgrid solutions to assist both new
and existing customers to affordably add EV charging across all of
their targeted portfolio locations. Both initiatives are expected
to drive new sales revenue for CleanSpark.”
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.
About CleanSpark:
CleanSpark, Inc., a Nevada corporation, is in the
business of providing advanced software, controls and technology
solutions to solve modern energy challenges. CleanSpark has a suite
of software solutions that provides end-to-end microgrid energy
modeling, energy market communications, and energy management
solutions. CleanSpark's offerings consist of intelligent energy
monitoring and controls, intelligent microgrid design software,
middleware communications protocols for the energy industry, energy
system engineering, custom hardware solutions, microgrid
installation and implementation services, traditional data center
services and software consulting services.
The Company and its subsidiaries also own and operate a fleet of
Bitcoin miners at its facility outside
of Atlanta, Georgia.
For more information about the Company, please visit the
Company's website
at https://www.cleanspark.com/investor-relations.
About Pioneer Power Solutions, Inc.
Pioneer Power Solutions, Inc. manufactures, sells and services a
broad range of specialty electrical transmission, distribution and
on-site power generation equipment for applications in the utility,
industrial, commercial and backup power markets. The Company’s
principal products include switchgear and engine-generator
controls, complemented by a national field-service network to
maintain and repair power generation assets. To learn more about
Pioneer, please visit its website
at www.pioneerpowersolutions.com
About Think Microgrid
The microgrid industry is at an inflection point. Proven
technologies are being deployed in response to critical needs, such
as resiliency and reliability in the face of wildfires. Most
states, however, have not determined how microgrids will be
incorporated into the physical grid and the market
design. Think Microgrid will do more than address specific
projects, utility proposals or critical situations. The
organization will strive to cultivate new policy opportunities by
engaging with government change makers even before they begin to
consider action on microgrids. To learn more or become a member,
visit www.thinkmicrogrid.org.
Forward-Looking Statements:
This release contains forward-looking statements as defined in
the Private Securities Litigation Reform Act of 1995, including
statements regarding the Company's plans and expectations for
expansion of its energy initiatives, deployment of miners, the
growth of the facility and other statements regarding the
expectations, beliefs, plans, intentions and strategies of the
Company. The Company has tried to identify these forward-looking
statements by using words such as "expect," "target," "anticipate,"
"believe," "could," "should," "estimate," "intend," "may," "will,"
"plan," "goal" and similar terms and phrases, but such words, terms
and phrases are not the exclusive means of identifying such
statements. Actual results, performance and achievements could
differ materially from those expressed in, or implied by, these
forward-looking statements due to a variety of risks, uncertainties
and other factors, including, without limitation: the successful
deployment of energy solutions for residential and commercial
applications, the fitness of the Company's energy hardware,
software and other solutions for this particular application or
market, the expectations of future revenue growth may not be
realized, ongoing demand for the Company's 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 the Company's prior press releases and in its
filings with the Securities and Exchange Commission (SEC),
including under the heading "Risk Factors" in the Company's
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 (including any forward-looking statements contained herein)
to reflect events or circumstances after the date hereof.
Investor Relations
CleanSpark, Inc.
(801)-244-4405
ir@cleanspark.com
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