SALT LAKE CITY, Dec. 22, 2020 /PRNewswire/ -- CleanSpark,
Inc. (Nasdaq: CLSK), ("CleanSpark, or the Company"), an advanced
software and controls technology solutions company, focused on
solving modern energy challenges, is pleased to announce that it
has secured an additional 1,000 ASICs (Application-specific
integrated circuit) Bitcoin miners, slated for delivery and
commissioning in the coming month. This order, when paired with the
500 ASICs announced last week and installation of the new S19s, is
expected to increase the Company's mining capacity by more than 100
PH/s to approximately 300 PH/s.
CleanSpark's Bitcoin Mining Capacity to Increase More Than
33%
"We are excited about demonstrating the efficiency of microgrid
solutions on high-density energy operations. As we work towards the
implementation of the facility power system upgrade, our focus is
on maximizing the total Bitcoin output by immediately adding ASICs.
In the Bitcoin mining industry, time is money, and due to the
meteoric rise in price, ASIC miners are exceedingly difficult to
procure. Many mining companies, both publicly traded and privately
held, have stated plans to expand capacity in six to nine months,
however we have focused on sourcing units for immediate
deployment. As Bitcoin prices have continued to rise, and
industry leaders such as Square, PayPal, MicroStrategy and others
have made substantial investments in Bitcoin, we believe this
strategy will provide exceptional returns for our shareholders,"
stated Zachary Bradford,
CleanSpark's President and Chief Executive Officer. "This
opportunity presented us a chance to deploy additional resources in
furtherance of our strategy to utilize the available energy supply
in the most efficient and profitable manner possible," concluded Bradford.
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.