Current Report Filing (8-k)
February 28 2017 - 6:22AM
Edgar (US Regulatory)
2/21/2017SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
____________________
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
February 21, 2017
CleanSpark, Inc.
(Exact name of registrant as specified in its
charter)
Nevada
|
000-53498
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87-0449945
|
(State or other jurisdiction of incorporation)
|
(Commission File Number)
|
(I.R.S. Employer Identification No.)
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70 North Main Street, Ste. 105
Bountiful, Utah
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84010
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(Address of principal executive offices)
|
(Zip Code)
|
Registrant’s telephone number, including area code:
(801)
244-4405
________________________________________________
(Former name or former address, if changed since
last report)
|
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written
communications pursuant to Rule 425 under the Securities Act (17CFR 230.425)
[ ] Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
SECTION 8- Other Events
Item 8.01 Other Events
On February 21, 2017, we were awarded a high-level,
microgrid feasibility study and pilot project design by one of the country’s largest REIT’s, which is a leading owner,
operator and developer of high-end retail real estate. The REIT has a geographically diverse portfolio of high-end properties in
some of the most affluent and densely populated locations around the world.
Under the terms of the agreement, CleanSpark
will perform an in-depth analysis of the REIT’s existing desktop environment and portfolio properties, develop the initial
design, including identification of optimal locations for three pilot projects and detail a long-term microgrid implementation
strategy consistent with the REIT’s vision of responsible environmental stewardship. Major milestones in the agreement are
expected to be completed over a period of eight months. CleanSpark expects to generate approximately $160,000 from the design and
engineering initiative. The three pilot project deployments, if agreed upon with the REIT in the future, have the potential to
generate several million dollars per project.
This initial pilot program is designed to be
the initial step toward a broader deployment. This agreement is a significant milestone in the progression of our business and
an ideal opportunity to partner with an industry leader to advance the adoption of scalable microgrid solutions for cleaner affordable
energy on a large scale. By applying our extensive knowledge and technologies to create a long-term microgrid implementation strategy
and establish the basis for three potential pilot locations, we expect to be well-positioned to capture multiple, follow-on opportunities
as the strategy is fully executed.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
CleanSpark, Inc.
/s/ Zachary Bradford
Zachary Bradford
CFO
Date: February 27, 2017