CleanSpark Announces $1,100,000 in Contracts From its Recently Acquired Subsidiary
February 26 2020 - 9:00AM
CleanSpark, Inc. (Nasdaq: CLSK), a diversified software and
intelligent energy services company, is pleased to announce that it
has executed multiple contracts with long term customers which will
result in excess of $1,100,000 in annual revenue. The services will
be rendered by its recently acquired, wholly owned subsidiary,
P2kLabs, Inc.
CleanSpark’s Chief Revenue Officer, Amer Tadayon stated
“Long-term service contracts are a staple of P2k Labs’ business
model, and our customers’ commitment to annual agreements highlight
their tremendous trust in our capabilities and services.”
Zach Bradford CleanSpark’s CEO and President added, “We are
pleased with the efforts of our new team and the resulting
long-term reoccurring revenues these contracts provide
CleanSpark. We continue to focus our efforts on high margin
revenue streams which specifically include services and software
sales. We are increasingly well positioned to reach
profitability before the end of the calendar year.”
Parties interested in learning more about CleanSpark’s software
platforms, services and proprietary technologies are encouraged to
inquire by contacting the Company directly
at info@cleanspark.com or visiting the Company’s website
at www.Cleanspark.com.
About CleanSpark:
CleanSpark a software and services company which offers software
and intelligent controls for microgrid and distributed energy
resource management systems and innovative strategy and design
services. The Company provides advanced energy software and
control technology that allows energy users to obtain resiliency
and economic optimization. Our software is uniquely capable of
enabling a microgrid to be scaled to the user's specific needs and
can be widely implemented across commercial, industrial, military,
agricultural and municipal deployment. Our product and services
consist of intelligent energy controls, microgrid modeling
software, and innovation consulting services in design, technology,
and business process methodologies to help transform and grow
businesses.
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 expectations of future growth may not be realized,
timing of deliveries, demand for our services and software
products; 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.
Shawn Severson
Integra Investor Relations
(415) 233-7094
info@integra-ir.com
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