SALT LAKE CITY, Aug. 19, 2020 /PRNewswire/ -- CleanSpark,
Inc. (Nasdaq: CLSK), ("the Company") a diversified software and
services company and, International Land Alliance (OTCQB:ILAL),
("ILAL" or "International") an international land investment
and development firm based in San Diego,
California, are pleased to announce project deployments to
be executed as part their exclusive agreement. According to the
latest agreement, CleanSpark will provide sustainable power
solutions to ILAL's portfolio of properties. Under this phase
International has agreed that CleanSpark will provide microgrid
power solutions to more than 400 unique residential resort
properties.
The phase is expected to be executed as follows; CleanSpark will
provide microgrid solutions which will deliver power to 252 fully
'off-grid' cabins in the exclusive Valle
Divino development in Ensenada, Baja, Mexico. CleanSpark will also
provide sustainable power solutions to 152 luxury villas within the
Plaza Bajamar project in conjunction with local grid power. It is
anticipated that these projects will be deployed over the next 36
months as the residences are constructed.
In addition, CleanSpark will also provide microgrid power to all
commercial facilities within both developments, including
professional, retail and restaurant locations. The plans for these
commercial locations are still under development and the companies
will release additional information as construction timelines are
released.
CleanSpark will continue to provide all energy project analysis,
modeling, sizing, energy storage procurement and consulting for
ILAL through each phase of development. Upon deployment, the
microgrid installations will operate under a long-term software
license agreement for CleanSpark's patented mPulse controls
platform.
The first energy systems deployed within the unique development
will be located on two residential villas currently in the final
stages of construction. Commissioning of these initial energy
projects is expected to occur on or before September 30, 2020.
"This phase is a significant milestone under our exclusive
agreement with ILAL. International has master-planned a
beautiful project in Ensenada,
Baja Mexico, located just 45
minutes south of San Diego,
California. Our microgrid solution will provide Valle Divino with the otherwise unavailable
energy infrastructure it needs in a cost-effective manner. This
project will help ILAL achieve their stated goal of providing
affordable environmentally friendly housing. These residential
projects collectively represent significant revenue development for
CleanSpark." stated Zachary
Bradford, the Company's President and CEO.
Jason Sunstein, CFO of
International Land Alliance said; "Developing luxury communities
that are both affordable and sustainable is core to our business.
With the lack of a predictable electric grid connection, these
homes would potentially be years away from a reality, but with the
CleanSpark partnership, our residents can begin to call
Ensenada 'home' in the very near
future. Not only will we realize a significant acceleration in our
development schedule, but the resilient energy and cost-savings
will provide even greater security and value to our homeowners.
Sales and buyer interest has increased as border restrictions
have been lifted increasing access to our secure, safe and
desirable locations."
Parties interested in learning more about CleanSpark's services
are encouraged to inquire by contacting the Company directly at
info@cleanspark.com or visiting the Company's website at
https://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/ where recent presentations
and case studies are available to view.
About International Land Alliance, Inc.:
International Land Alliance, Inc. (OTCQB: ILAL) is an
international land investment and development firm based in
San Diego, California. ILAL is
focused on acquiring attractive raw land primarily in Northern Baja California, often within driving
distance from Southern California.
The ILAL serves its shareholders by devoting considerable time and
resources to seeking out the finest sites available and obtaining
the necessary development permits to build a compelling portfolio
of properties, which provide a diversity of investment and living
options. Please visit: www.ila.company.
About CleanSpark:
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.
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 fitness of the product for a particular application
or market, the expectations of future growth may not be realized,
timing of deliveries of orders under contract, our reliance on
International Land Alliance to complete its development of the two
sites, the successful deployment of the projects with International
Land Alliance and its integration with the residential and
commercial facilities at the development sites, 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
1995.
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SOURCE CleanSpark, Inc.