SALT LAKE CITY, Nov. 10, 2020 /PRNewswire/ -- CleanSpark, Inc.
(Nasdaq: CLSK) (the "Company"), a diversified software and services
company today announced that it has recently added Rachel Silverstein and Owen Cadwalader to its management team. Mrs.
Silverstein is former Corporate Counsel at Zappos, a company owned
by Amazon, Inc. Silverstein's role at CleanSpark is to serve as the
Vice President of Compliance and General Counsel where she will be
assisting in compliance, mergers and acquisitions, as well as all
general legal matters. Mr. Cadwalader was most recently an
executive with Molekule, a clean-air technology company. Prior to
Molekule, Owen served as VP/Co-founder of OptiRTC a cloud software
platform for smart water management. As VP of Operations,
Cadwalader will oversee product delivery, customer experience, and
help align multiple virtual office teams to further streamline
operations.
CleanSpark Adds New VP and General Counsel from Zappos
These are the first significant additions to the team as part of
a larger growth plan following the Company's recent $40M institutional investment. CleanSpark has
stated that it intends to focus on growth through accretive
opportunities and expansion of the Company's product offerings, in
addition to adding to sales and marketing efforts. CleanSpark
expects to add to its existing professional engineering teams in
addition to sales and business development personnel.
Zachary Bradford, CleanSpark's
CEO said, "We are very excited to have Mrs. Silverstein join the
management team as it will provide increased efficiencies in all
areas of our operations and compliance. We expect that by adding
such experienced inside General Counsel we can streamline many
processes and procedures, ultimately creating greater value for all
stakeholders." Bradford then added, "Mr. Cadwalader's experience
should begin to pay dividends to CleanSpark almost immediately.
Previously, as VP/Co-founder of OptiRTC, Owen developed an
expertise in monitoring and adaptive control of stormwater systems
which makes him a great fit for CleanSpark's energy control
technology. Essentially, critical water flow is managed through
opening and closing water distribution valves and systems,
similarly electrical energy is controlled by opening and closing
critical circuit breakers."
Matthew Schultz, CleanSpark's
recently-named Executive Chairman stated, "We expect these
additions to represent the beginning of a new phase for the Company
that will feature personnel expansion, product enhancements, and
strategic acquisitions. We recently announced the development of
the GridFabric SaaS (Software-as-a-Service) option, and plan to
soon provide an EaaS (Energy-as-a-Service) offering as well. These
initiatives will be supported by additional staff on the CleanSpark
product and sales teams and through CleanSpark's wholly owned
subsidiaries."
CleanSpark recently participated in Solar Power International,
part of Smart Energy Week, where the Company's CTO Amanda Kabak was featured as a Presenter.
CEO Zachary Bradford also provided
additional updates to investors on the company's funding via a
presentation through the RenMark Investor Roadshow. Both recordings
can be found on the events page at
https://ir.cleanspark.com.
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/
About CleanSpark:
CleanSpark 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 successful integration of GridFabric into
CleanSpark, the fitness of the product for a particular application
or market, the expectations of future revenue growth may not be
realized, timing of orders and deliveries, ongoing demand for its
software products and related services, the impact of global
pandemics (including COVID-19) on the demand for its 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.