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CleanSpark Inc. (Nasdaq: CLSK) is a leading company in the bitcoin mining industry, focused on delivering sustainable and reliable energy solutions. The company was founded in 2013 by Michael Firenze, Art Villanueva, and Bryan Huber. Initially, CleanSpark's vision was to empower communities through advanced energy management technologies, such as fractal grid technologies and federated enterprise services, to create sustainable energy solutions for various sectors including institutional, commercial, industrial, and residential clients.
Over time, CleanSpark shifted its core focus to bitcoin mining. The company leverages its expertise in energy efficiency to operate highly effective and low-carbon data centers dedicated to mining bitcoin. Through strategic acquisitions like that of ATL Data Centers, CleanSpark has become a significant player in the bitcoin mining sector. The company's infrastructure supports bitcoin—a critical digital commodity for financial independence and inclusion.
CleanSpark is known for its innovative Flex Power System, which provides energy security at or below current electricity prices, making it cost-effective for up to 25 years or more. As of the latest updates, the company has made substantial progress in its operational capacity. Recent achievements include a 60% increase in hashrate and significant additions to their bitcoin treasury, which now holds nearly 5,000 bitcoins.
In addition to its core mining operations, CleanSpark continues to expand its footprint. The company's acquisition of new sites in Mississippi and Georgia has bolstered their total operating hashrate to over 17 EH/s. Moreover, the company plans to acquire additional facilities in Wyoming, which are expected to add further operational capacity.
Financially, CleanSpark is robust, reporting significant revenue increases and maintaining a strong balance sheet with almost $700 million in cash and bitcoin, and minimal debt. The company's dedication to transparency and trust is evident in their regular updates and investor communications.
Overall, CleanSpark Inc. is not only pioneering in the bitcoin mining sector but also promoting sustainable and efficient energy use, positioning itself as a forward-thinking leader in both the technological and financial landscapes. For more information, visit their website at www.cleanspark.com.
CleanSpark, Inc. (Nasdaq: CLSK) announced its participation in Mining Disrupt® on July 21, 2021, in Miami, Florida, exhibiting its CleanBlok operation, which focuses on carbon-free cryptocurrency mining. The company emphasizes energy optimization through advanced software and microgrid technologies. CleanSpark aims to address the environmental issues of cryptocurrency mining while driving returns on energy investments. CEO Zachary Bradford underlined the company's commitment to responsible mining practices and innovation in energy solutions.
CleanSpark (Nasdaq: CLSK) announces CEO Zach Bradford will participate in the Water Tower Research Virtual Conference on July 14, 2021, at 11:30 AM EDT. The discussion will cover topics such as increasing Bitcoin mining hashrate, the effects of China's Bitcoin ban, and CleanSpark's carbon-neutral mining strategy. Additionally, Executive Chairman Matthew Schultz will present at the Renmark Virtual Roadshow on July 15, 2021, at 12:00 PM EDT. Interested investors can register for both events via the provided links.
CleanSpark has successfully launched a solar and storage microgrid project in San Diego that achieved a 75-80% reduction in monthly energy costs for its customer, WS Display, in the first month. The mPulse control system was approved by SDG&E for managing operations and exporting energy. The installation includes 1,200 solar panels and a 250KW Battery Energy Storage System. The project has not only contributed to substantial cost savings but also aligns with the goals of cleaner energy solutions.
CleanSpark (Nasdaq: CLSK) is expanding its Bitcoin mining operations with the appointment of Bernardo Schucman as Senior VP of its Atlanta center. Effective June 28, 2021, CleanSpark will join the Russell 2000 index, a significant milestone reflecting its growth. Schucman, a veteran in Bitcoin mining with over 20 years of tech experience, will lead the company’s initiatives. CleanSpark has exceeded 400 PH in hashrate capacity and mined over 341 Bitcoin since acquiring ATL Data Centers. The inclusion in the Russell 2000 allows access to a broader investor base, managing $10.6 trillion in assets.
CleanSpark, Inc. (Nasdaq: CLSK) announced participation in the Water Tower Research Virtual Conference on June 7, 2021, at 1:00 pm ET, featuring CEO Zach Bradford and Executive Chairman Matt Schultz. Key topics include recent partnership agreements and developments in energy and Bitcoin operations. The event will also discuss CleanSpark’s role in 'Think Microgrid'. Investors can register for the live event or access a replay. CleanSpark focuses on advanced software solutions and operates Bitcoin mining facilities in Georgia.
CleanSpark, Inc. (Nasdaq: CLSK) announced an expanded contract manufacturing agreement with Pioneer Power Solutions, Inc. (Nasdaq: PPSI) to enhance their collaboration through 2023. This agreement allows Pioneer to utilize CleanSpark's proprietary software, mPulse and GridFabric's OpenADR solutions, which will be integrated into Pioneer’s PowerBloc charging solution for electric vehicles (EVs). CleanSpark will also serve as a preferred distributor for PowerBloc. Additionally, CleanSpark has joined Think Microgrid, aimed at promoting legislative support for microgrid technology.
Pioneer Power Solutions has expanded its agreement with CleanSpark to utilize proprietary software for the new PowerBloc, designed for EV charging infrastructure. This innovation aligns with market demands for customizable power solutions. Additionally, the Board declared a special cash dividend of $0.12 per share, amounting to over $1 million in distributions. The developments signal a strategic shift towards the growing EV market.
CleanSpark (Nasdaq: CLSK) has signed a memorandum of understanding (MOU) with FlowGen Ltd. to incorporate CleanSpark's mPulse controls in FlowGen's global microgrid projects. The partnership grants CleanSpark exclusive rights to distribute FlowGen's advanced wind turbine solutions in North and South America. This collaboration aims to combine CleanSpark's software technologies with FlowGen's wind-centric solutions to deliver efficient microgrid systems. The partnership is expected to enhance both companies' competitiveness in the renewable energy market.
CleanSpark (Nasdaq: CLSK) announced the completion of a $4.71 million purchase of a six-acre property housing ATL Data Centers. This acquisition, finalized on May 20, 2021, allows CleanSpark to save over $50,000 monthly in rent, reducing operating expenses by more than 20%. The company plans to use the extra land for renewable energy sources, supporting its goal of carbon neutrality by 2022. CleanSpark's CEO emphasized that owning the property enhances its net-asset value and provides opportunities for expansion.
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