Gwinnett Technical College Students Awarded Scholarships As Part of CleanSpark’s Community Commitment

Rhea-AI Summary

CleanSpark has established a scholarship for five students at Gwinnett Technical College, covering full tuition and books for those pursuing computer science degrees. Awarded during the 2021 winter break, this scholarship emphasizes CleanSpark's commitment to community support. The company, which operates in Gwinnett County, plans to invest $145 million in capital improvements over five years. President Dr. D. Glen Cannon praised CleanSpark's initiative, highlighting the technical skills students will gain for lucrative careers.

Positive

• Establishment of the CleanSpark Scholarship for Technological Innovation to support students in computer sciences.
• Full tuition and book coverage for five students, enhancing community education.
• Investment of $145 million in capital improvements at the Norcross facility over the next five years.

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• None.

LAS VEGAS, Jan. 27, 2022 (GLOBE NEWSWIRE) -- CleanSpark, Inc. (Nasdaq: CLSK) (the “Company” or “CleanSpark”), a sustainable bitcoin mining and energy technology company, has established a scholarship at Gwinnett Technical College for five students seeking an associate degree in the computer sciences program (computer programming, cybersecurity, game development, networking specialist, and website development and design). 

The CleanSpark Scholarship for Technological Innovation covers full tuition and books for five students. Students were awarded the scholarship during their 2021 winter break. Cybersecurity student Macy Bazzell was one of the five students selected for the scholarship. 

“Continuing my education is my highest priority,” said Bazzell. “The CleanSpark Scholarship for Technological Innovation from the Gwinnett Tech Foundation will increase my ability to continue my education past the associate degree and allow me to continue to seize opportunities and expand my knowledge set. I hope to use my skills to advance myself, as well as others, while putting a little bit of good into the world.” 

Gwinnett Technical College is a state-of-the-art institution with almost 13,000 students enrolled across two campuses and a 95.4% job placement rate. There are more than 140 degree, diploma and certificate programs. It has served students for more than three decades and was designated a Military Spouse Friendly® School once again for the 2021-2022 academic year.  

“We were elated at the news that CleanSpark was interested in supporting our computer sciences program,” said Dr. D. Glen Cannon, Gwinnett Technical College President. “The technical skills acquired in our computer science associate degree programs prepare students for meaningful and lucrative careers in any industry. We appreciate CleanSpark and their recognition of our commitment to building a sustainable, qualified workforce and were compelled to invest in our students and college.” 

The scholarships were granted as part of CleanSpark’s commitment to partnering with the communities it operates in. The company has two mining operations in the Atlanta suburbs, including one in Gwinnett County. CleanSpark expects to invest $145 million in capital improvements and jobs at its Norcross facility in Gwinnett County over the next five years. 

“We’re always looking for ways to be good citizens in our communities,” said CleanSpark CEO Zach Bradford. “The county has been so welcoming to us, so we wanted to give back and support the industries we believe in. We look forward to seeing what our scholarship recipients accomplish in the years to come.” 

About CleanSpark 
CleanSpark, Inc., a Nevada corporation, is a sustainable bitcoin mining and energy technology company that is focused on solving modern energy challenges. For more information about the Company, please visit the Company’s website at https://www.cleanspark.com/investor-relations.   

About Gwinnett Technical College 
Gwinnett Technical College, one of Georgia’s largest technical colleges, is committed to delivering relevant knowledge to meet the workforce training needs of its community. The College offers more than 140 associate degree, diploma, and certificate programs and hundreds of seminars, workshops, and courses providing specialized training. Gwinnett Tech is Gwinnett County’s largest corporate training provider and serves residents and businesses in north Fulton County. Gwinnett Technical College is accredited by the Southern Association of Colleges and Schools Commission on Colleges to award the associate degree. Contact the Commission on Colleges at 1866 Southern Lane, Decatur, Georgia 30033-4097 or call for questions about the accreditation of Gwinnett Technical College. In addition, some college programs hold separate licensure or accreditation status with appropriate agencies. For more information, visit GwinnettTech.edu. A unit of the Technical College System of Georgia. 

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, operating results, business strategy,  deployment of miners, digital currency mining activities, the growth of its facilities 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 success of its digital currency mining activities; 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 logistics and shipping and 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 Contact: 
Matt Schultz 
ir@cleanspark.com 

Media Contacts: 
Isaac Holyoak 
pr@cleanspark.com 

BlocksBridge Consulting 
Nishant Sharma 
cleanspark@blocksbridge.com 

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• Gwinnett Technical College located near Atlanta, Georgia

FAQ

What is the CleanSpark scholarship at Gwinnett Technical College?

The CleanSpark Scholarship for Technological Innovation covers full tuition and books for five students pursuing associate degrees in computer sciences.

How much is CleanSpark investing in Gwinnett County?

CleanSpark plans to invest $145 million in capital improvements and jobs at its Norcross facility over the next five years.

Who is eligible for the CleanSpark scholarship?

Five students pursuing degrees in computer programming, cybersecurity, game development, networking, and web development are eligible for the scholarship.

When were the CleanSpark scholarships awarded?

The scholarships were awarded during the 2021 winter break.