CleanSpark Announces 467% increase in Comparable Fiscal Year-to-Date Revenues and Completion and Shipment of US Embassy Order...
March 03 2020 - 8:45AM
CleanSpark, Inc. (Nasdaq: CLSK), a diversified software and
intelligent energy services company today announced the shipment of
it intelligent switchgear to support the new US Embassy located in
Beirut, Lebanon and that its fiscal year to date revenues through
February 29, 2020 exceeded $3.6 Million.
CleanSpark’s Chief Executive Officer, Zach Bradford stated “We
have achieved significant progress this quarter on meeting our
stated objective to increase our revenue. Our current fiscal
year-to-date revenues of $3.6 million represent an increase of 467%
over the same fiscal period in 2018. We believe we are on
track to meet our projected revenue of $10 million for our 2020
fiscal year and achieve our corporate goal of profitability by the
end of this calendar year.”
Mr. Bradford continued, “These revenues include several
significant orders including the shipment of the final components
of an intelligent switchgear order, fulfilled by CleanSpark’s
Critical Power Division, for final delivery to the new US Embassy
in Beirut, Lebanon.”
Parties interested in learning more about CleanSpark’s software
platforms, services and proprietary technologies 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 a software and services company which offers software
and intelligent controls for microgrid and distributed energy
resource management systems and innovative strategy and design
services. The Company provides advanced energy software and
control technology that allows energy users to obtain resiliency
and economic optimization. Our software is uniquely capable of
enabling a microgrid to be scaled to the user's specific needs and
can be widely implemented across commercial, industrial, military,
agricultural and municipal deployment. Our product and services
consist of intelligent energy controls, microgrid modeling
software, and innovation consulting services in design, technology,
and business process methodologies to help transform and grow
businesses.
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 expectations of future growth may not be realized,
timing of deliveries, demand for our services and software
products; 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.
Shawn Severson
Integra Investor Relations
(415) 233-7094
info@integra-ir.com
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