SALT LAKE CITY, May 5, 2020 /PRNewswire/ -- CleanSpark, Inc.
(Nasdaq: CLSK), a diversified software and services company, today
announced that as of April 30, 2020,
its revenues for the prior seven months were approximately
$5.6 million which surpasses its
revenues for the entire 2019 fiscal year of $4.5 million by 24%.
CleanSpark's Chief Executive Officer, Zach Bradford, stated, "We have achieved
significant progress even in the face of COVID-19. Our current
fiscal year-to-date revenues through April
30, 2020 of approximately $5.6
million represent an increase of approximately 414% over the
comparable year-to-date revenues in 2019. Our projections lead us
to believe that we can maintain course and double our 2019 fiscal
year revenues in 2020 and achieve our corporate goal of
profitability by the end of this calendar year."
Mr. Bradford continued: "CleanSpark's revenue growth has
continued to increase over the past two quarters. The company
has been able to maintain momentum even in the face of the current
economic slowdown. We are optimistic that this momentum can
continue throughout 2020 and into 2021. We believe our
momentum will continue as we expect to see growth in our core
software and energy products along with an increase in new software
service contracts from our recently acquired subsidiary,
Parties interested in learning more about CleanSpark's software
platforms or services are encouraged to inquire by contacting the
Company directly at email@example.com, or visiting the Company's
website at www.Cleanspark.com.
CleanSpark is 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.
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 fitness of the product
for a particular application or market, the expectations of future
growth may not be realized, timing of deliveries, demand for our
software products, the effect of COVID-19 on the economy and
markets, generally, 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
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SOURCE CleanSpark, Inc.