SALT LAKE CITY, Aug. 19, 2021 /PRNewswire/ -- CleanSpark,
Inc. (Nasdaq: CLSK) (the "Company" or "CleanSpark"),
a diversified software, services, and Bitcoin mining company,
today announced an update to ongoing roll-out of mVoult, the
Company's smart energy system and companion mobile app designed
specifically for homes and small businesses.
CleanSpark's Residential Microgrid Solution, mVoult Available for
California Customers. National Expansion to Follow.
mVoult is built off of the same platform as CleanSpark's
existing, patented mPulse product, which is tough enough for the
military and is also flexible enough to be used in commercial,
industrial, and estate home applications.
mVoult is a single solution for resilient, reliable, and
cost-effective energy for residential properties of all sizes. The
system is fully configurable according to the user's needs.
Homeowners can start small and expand the modular system without
significant design changes as their goals or requirements grow.
mVoult enables a system to use power generated from multiple
sources, including the main utility, solar, or battery. It also
supports storing energy for use during utility disruptions or when
economic opportunities exist to lower utility bills.
"We've anticipated using our microgrid technologies to create a
cost-effective product offering which can add significant value to
the residential energy sector by giving homeowners the choice of
power so that they can determine the best application for their
individual needs," said CleanSpark President and CEO Zach Bradford. "The pandemic made it more
apparent how important self-reliance can be, by giving our
customers the opportunity to generate, use and store energy with a
focus on renewable resources. CleanSpark is committed to supporting
The companion mobile app connects to the mVoult smart power
system and is the window into the homeowner's power system. With
the app, users can see how their systems are performing, understand
all-time and month-to-date energy cost savings, and view and change
system settings, including battery reserve, and monitor the
system's energy usage in real-time. The mobile app is available for
download in both the Apple and Google Play app stores.
The Company is focusing on California for its first phase of
installations as much of the state continues to face disastrous
wildfires and power outages. mVoult provides resiliency and cost
savings whether the traditional grid is up or down.
The Company has a significant supply of batteries either in
transit, or in the Carlsbad
warehouse, which are continuing to be deployed as quickly as
permitting and personnel allow.
Despite global battery supply shortages, CleanSpark has
solidified partnerships with multiple top-tier residential battery
manufacturers providing ample supply to meet our growing customer
"We are seeing positive improvements to the overall global
supply chains and have been rapidly deploying batteries," said
Amer Tadayon, CleanSpark Chief
Revenue Officer and Energy Division President. "We expect continued
normalization, adding momentum to our residential energy
Parties interested in learning more about CleanSpark products
and services are encouraged to inquire by contacting the Company
directly at firstname.lastname@example.org or visiting the Company's
website at www.cleanspark.com .
a Nevada corporation, is an energy technology and clean
Bitcoin mining Company that is focused on solving modern energy
For more information about the Company, please visit the
at https://www.cleanspark.com/investor-relations .
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.
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SOURCE CleanSpark, Inc.