CleanSpark, Inc. (Nasdaq: CLSK) (the "Company" or "CleanSpark"),
a sustainable bitcoin mining and diversified energy company,
joined Partnership Gwinnett to announce expected capital and human
investments of nearly $145 million over the next five years at
CleanSpark’s data center in Norcross, Georgia.
The $6.55 million purchase of the former Sprint/Nextel
data center, announced earlier in August, is expected to bring 20
skilled and highly skilled jobs to the community, at an average
yearly wage of approximately $50,000. CleanSpark expects the
facility to be operational by late 2021.
CleanSpark is working with Partnership Gwinnett because of the
organization’s substantial role in the county and surrounding area.
Partnership Gwinnett is supported by over one hundred companies,
municipalities, and educational institutions to strengthen Gwinnett
County’s diverse economy and ability to compete in the global
marketplace.
"Gwinnett County’s momentum as a major player in job creation is
distinct,” said Gwinnett County Chairwoman Nicole Hendrickson.
“With CleanSpark coming to Norcross, it means economic stability in
a workforce tailored to providing solutions to modern energy
challenges."
In addition to direct upgrades to the facility, CleanSpark is
partnering with Georgia Power to invest in a $2 million power
expansion. Improvements are expected to benefit power customers and
community members living near CleanSpark’s new facility. The
Company will also participate in Georgia’s Simple Solar program and
anticipates the addition of onsite renewables, solar installations,
and other microgrid energy solutions. The mining operations are
expected to be 100 percent carbon neutral.
“We believe bitcoin mining can make a positive contribution to
the neighborhoods we operate in,” said Zach Bradford, CleanSpark
CEO and President. “We are committed to being socially and
environmentally responsible partners and are proud to work with
Partnership Gwinnett as we grow our relationships with other
businesses and governmental organizations in Georgia.”
Over the next five years, CleanSpark’s community investment is
expected to include:
- $7.5 million in property investment
- $132 million in equipment & hardware investments
- $4.1 million in people
- 20 highly skilled and skilled jobs, ~$50,000 average annual
wage
- $2 million investment in power expansion with Georgia
Power
- Expectation of 100% net carbon-neutral
“We are delighted to add another company into the fold that
reflects our commitment to sustainability,” said Norcross Mayor
Craig L. Newton. “We are also exceptionally honored that such an
innovative and forward-looking corporation as CleanSpark
intentionally selected Norcross as home to its newest data center.
Economic viability and environmental stability are directly tied
together, and Norcross is fortunate that a growing number of
companies recognize our dedication to both. We look forward to
welcoming CleanSpark and the many jobs it will bring to our city
later this year.”
Partnership Gwinnett also worked with Gateway 85 CID.
“Gateway85 CID and Partnership Gwinnett have been working hard
to attract innovative companies like CleanSpark to the district,”
said Emory Morsberger, executive director – Gateway85 CID. “We’re
thrilled to have a company not only focused on solving today’s
energy challenges, but also adding more jobs to our economic
base.”
Deven Cason, Director of Business Retention and
Expansion, represented Partnership Gwinnett in conjunction
with the Metro Atlanta Chamber and Georgia Power on the
project.
“In Gwinnett County, we are focused on technological innovation
and creating an environment of advancement,” said Cason. “We are
excited to welcome CleanSpark to Norcross and Gwinnett County.”
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, partnership with
Coinmint, 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 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.
About CleanSpark CleanSpark, Inc.,
a Nevada corporation, is a clean 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 .
Contacts: Investor Relations: CleanSpark,
Inc. Investor Relations (801) 244-4405
Press: Isaac
Holyoakpr@cleanspark.com
About Partnership Gwinnett
Partnership Gwinnett is a public-private initiative dedicated to
bringing new jobs and capital investment to Gwinnett County,
Georgia. Since 2006, Partnership Gwinnett has worked with its local
partners to attract and retain jobs, cultivate capital investment,
support educational institutions, foster workforce development, and
contribute to the exceptional quality of life found in Gwinnett.
Fueled by the support of over one hundred companies,
municipalities, Gwinnett County, K-12 and higher education systems,
the mission of Partnership Gwinnett is to strengthen the
community’s diverse economy to compete in the global marketplace
and position Gwinnett as the premiere place to live, work and
play.
Media Contact: Jaclyn AllisonPartnership Gwinnett,
Director of Marketing, Communications &
Eventsjallison@partnershipgwinnett.com770-232-8814
Isaac Holyoak
CleanSpark, Inc.
pr@cleanspark.com
Jaclyn Allison
Partnership Gwinnett
jallison@partnershipgwinnett.com
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