SALT LAKE CITY, Dec. 18, 2020 /PRNewswire/ -- CleanSpark,
Inc. (Nasdaq: CLSK)("CleanSpark" or the "Company"), an advanced
software and controls technology solutions company, focused on
solving modern energy challenges, today provided an update on its
recent acquisition of ATL Data Center LLC ("ATL").
The Company previously announced that this acquisition was
centered around the opportunity to deploy its patented microgrid
software and controls at the data center location to increase power
capacity, energy savings, and resiliency. CleanSpark believes this
will demonstrate to other mining operations the value of its
microgrid solutions using distributed energy sources including
solar, energy storage and other renewables in a real-world,
power-intensive application.
CleanSpark Updates Bitcoin Mining Expansion
By leveraging its proprietary microgrid technologies, the
Company expects to increase Bitcoin production while lowering total
energy expense, thereby maximizing overall profitability. Since the
acquisition was announced one week ago, and as of this release,
CleanSpark through ATL has earned approximately 10 Bitcoins. As of
December 17, 2020, Bitcoin has traded
as high as at $23,775, increasing
from $18,279 on the day acquisition
was completed.
This week, the Company placed an order for 500 additional
Bitcoin mining units ("ASICs") to be deployed at the ATL location
in Atlanta, GA. Delivery of
the new ASICs is scheduled for the second week of January.
CleanSpark has also installed an additional 38 new S19 ASICs
just this week. These new machines are in addition to the more than
3,400 ASICs already in daily operation onsite. Bitcoin miners
receive incremental amounts of Bitcoin as payment for completing
blocks of verified transactions which are subsequently added to the
blockchain.
Zachary Bradford, CleanSpark's
CEO said, "We are extremely pleased with the first week post
acquisition, ATL has continued mining without significant
interruption during integration of our teams and the ability to
quickly procure additional miners immediately increased our
capacity. With the latest S19s deployed we have now exceeded
200PH/s of mining capacity." He added, "We are focused on
successfully deploying renewable energy assets in digital currency
mining, and CleanSpark anticipates upon implementation of its
solutions that its total costs to mine at ATL will be among the
lowest in the United States."
Matthew Schultz, CleanSpark's
Executive Chairman commented, "Doing the simple math, 10 bitcoins
have added roughly $200,000 to
CleanSpark's revenues in the week since closing. Our commitment to
ATL was to give their team of experts autonomy in their mining
operations, but also provide crucial resources and support to
expand the facility and increase profitability." Schultz
added, "This begins by providing energy solutions, but additionally
by supporting the procurement of new mining equipment to increase
output and efficiency, as evidenced by the new ASICs deployed thus
far."
Parties interested in learning more about CleanSpark products
and services are encouraged to inquire by contacting the Company
directly at info@cleanspark.com or visiting the Company's website
at 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/
CleanSpark periodically speaks at virtual conferences and
events, if the event was recorded the recordings can be found on
the events page at https://ir.cleanspark.com.
About CleanSpark:
CleanSpark, Inc., a Nevada
corporation, is in the business of providing advanced software and
controls technology solutions to solve modern energy
challenges. We have a suite of software solutions that
provide end-to-end microgrid energy modeling, energy market
communications and energy management solutions. Our offerings
consist of intelligent energy monitoring and controls, intelligent
microgrid design software, middleware communications protocols for
the energy industry, energy system engineering and software
consulting services.
About ATL Data Centers, LLC
ATL Data Centers LLC is a traditional data center operation
located in the City of College Park,
GA, just minutes from the Hartsfield-Jackson International
Airport. In addition to providing customers with rack space,
power and equipment, ATL Data Centers LLC also offers several
"Cloud Services" including, virtual services, virtual storage, and
data backup services.
ATL Data Centers also manages 23 mobile data centers, located on
site, which can be used for a variety of purposes, including ASIC
(application-specific integrated circuit) operations or other
services requiring heavy power use. The mobile data centers
allow easy access to server maintenance, and each mobile data
center has dedicated power and cooling. ATL Data Centers LLC
currently has 14 full time staff supporting the data center
operation around-the-clock, 365 days per year. The
management team has a combined industry experience of more than 100
years. For more information, visit https://ATL-DATA.com
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 successful integration of ATL into CleanSpark, the
value of Bitcoin, the fitness of our energy software and solutions
for this particular application or market, the expectations of
future revenue growth may not be realized, ongoing demand for our
software products and related services, the impact of global
pandemics (including COVID-19) on the demand for our products and
services; 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.
Contact - Investor Relations:
CleanSpark Inc.
Investor Relations
(801)-244-4405
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SOURCE CleanSpark, Inc.