CLEANSPARK INC - CLSK STOCK NEWS

Pioneer Power Solutions (Nasdaq: PPSI) announced a $1.4 million order for distributed generation equipment from CleanSpark, Inc. (Nasdaq: CLSK), a channel partner. This order expands their collaboration with one of the largest mass-market retailers, following a successful pilot program initiated in 2019. The equipment includes Automatic Transfer Switches and specialty controls, expected to be shipped by Q3 2021. This order enhances Pioneer Power's backlog, which stood at $11.3 million as of September 30, 2020, indicating a positive outlook for 2021.

CleanSpark, Inc. (Nasdaq: CLSK) has secured a new purchase order exceeding $1,500,000 from a Texas-based microgrid developer, to supply ATS solutions. The order will support the world's largest retail chain, enhancing operational resilience during power outages. CEO Zach Bradford emphasized the growing demand for microgrid solutions due to increased grid disruptions. This order aligns with CleanSpark's strategy of providing advanced energy technologies, alongside its Bitcoin mining activities, aiming for sustainable energy costs.

CleanSpark (Nasdaq: CLSK) announced that its subsidiary, GridFabric, has achieved OpenADR certification for KIGT, an electric vehicle charging company. This certification allows KIGT to participate in utility demand response programs, facilitating entry into new markets, including California and Hawaii. KIGT aims to leverage this certification to support the expected growth in the EV market, with projections indicating a doubling of consumer spending on electric vehicles over the next five years. Both CleanSpark and KIGT are positioned for growth as demand for efficient charging solutions increases.

CleanSpark (Nasdaq: CLSK) announced a major upgrade to its microgrid planning software, mVSO, enhancing customer-facing reports and financial analyses. The update includes redesigned report interfaces for better collaboration among energy developers and clear communication of financial metrics. Customers can now seamlessly integrate outputs from various renewable software and manage custom rate structures. The improvements are based on user feedback and aim to support the growing renewable energy market, driven by new government initiatives.

CleanSpark, Inc. (Nasdaq: CLSK) is investigating false allegations made by an anonymous entity, Culper Research, which aims to profit from short selling the company's stock. CleanSpark denies these claims, emphasizing its commitment to transparency and integrity. The company has engaged legal counsel to uncover the identities behind Culper Research and intends to vigorously defend against these baseless accusations. Additionally, it advises shareholders to consult official SEC filings for accurate information regarding the company's operations and financial health.

CleanSpark, Inc. (Nasdaq: CLSK) reported that its wholly-owned subsidiary, ATL Data Centers LLC, mined over 56 Bitcoins in the first 40 days post-acquisition. As of January 19, 2021, the company holds approximately 31 Bitcoins. The mining revenue has surpassed $1.6 million based on Bitcoin's market prices. CleanSpark anticipates increased daily production as it expands mining capacity. CEO Zach Bradford expressed satisfaction with the initial results and commitment to maximizing shareholder value. Investors can expect further updates on mining and energy operations.

CleanSpark, Inc. (Nasdaq: CLSK) recently partnered with Solar Watt Solutions to deploy a solar-plus-storage microgrid at a medical facility in Orange County, California. The project features a 100kW rooftop and carport solar system with a 30kW/70kW battery, expected to save the facility around 90% on monthly energy costs and achieve a payback period of three years. This collaboration aims to enhance energy resilience and cost-effectiveness for customers amidst rising energy costs.

CleanSpark has announced a new contract for a residential microgrid project in Santa Barbara, CA, aiming to enhance energy resilience for a homeowner affected by frequent power disruptions. The project includes energy modeling, analytics, and implementation of energy storage and controls through CleanSpark’s mPulse software. The homeowner, Frank Huerta, expressed confidence in the system's ability to prevent energy interruptions. CEO Zach Bradford highlighted the growing demand for residential microgrids as California homeowners seek reliable energy amid unstable utility services.

CleanSpark, Inc. (Nasdaq: CLSK) will participate in Renmark’s Virtual Non-Deal Roadshow on January 11, 2021, at 12:00 pm ET, presented by Executive Chairman Matthew Schultz. The session will cover updates on the company's growth plans, including the acquisition of ATL Data Center LLC and plans to enhance its Bitcoin mining operations with an expected addition of over 30MW capacity. CleanSpark anticipates deploying more than 3,400 ASIC miners, aiming to increase capacity to 300 PH/s by early 2021. Investors can register for the live event through provided links.