1 day ago CleanSpark expects to file its Quarterly Report on Form 10-Q for the Second Fiscal Quarter of 2021 on May 7, 2021. The Company anticipates that it will be holding an earnings call to discuss quarterly financial results, its outlook and updated guidance on the same day. CleanSpark will publish detailed call-in information under a separate release. CleanSpark is an advanced software and controls technology solutions company focused on solving modern energy challenges. WHAT WE DO The Company provides advanced energy software and control technology that allows energy users to obtain resiliency and economic optimization. Version: 1.1.2 macOS 10.10 or later. A Mac only app, that allows you to declutter your screen with one click to safely share it on your next presentation. CleanSpark, Inc. (Nasdaq: CLSK) (the 'Company' or 'CleanSpark'), a diversified software, services, and Bitcoin mining company, today announced the order of 4,778 additional Bitmain S19 model.
CleanSpark Inc (NASDAQ:CLSK) said it has secured “multiple” contracts for equipment to boost its bitcoin mining capacity.
The contracts for the mining equipment will allow the company to meet its objective of a total rate capacity of more than 1.1 EH/s by this summer.
CleanSpark said it had acquired a total of 22,680 S19j Pro and S19 Pro Antminers for future delivery under annual contracts. Once these units are delivered and deployed, CleanSpark expects that it will be able to increase its total mining production capacity to over 3.2 EH/s.
READ: CleanSpark buys 4,778 more Bitcoin mining rigs, works toward carbon-free mining
CleanSpark CEO Zach Bradford said in a statement that the new acquisitions are a “significant milestone” for the Salt Lake City-based company.
'Time is money in this industry, and we wanted to ensure that we have both our immediate needs covered but we also wanted to look to the future to ensure we had a reliable baseline supply of future miner deliveries secured to support our long-term growth,” Bradford added.
“In addition to these orders, we will continue to source miners on a periodic basis to further increase or upgrade our total mining capacity. The miners we have secured are expected to allow us to increase our total mining capacity ten times by mid-2022.”
Clsk Stock Forecast
Carbon-free mining
Bradford noted that the firm is “actively evaluating” multiple locations for additional expansion with a focus on sites supplied by clean energy sources. CleanSpark recently announced that its Atlanta location is now 95% carbon-free – a figure it hopes to increase to 98% in the coming months, according to Bradford. Energy is currently sourced primarily from nuclear, hydroelectric, solar and other renewables.
'We believe that being a good corporate citizen is imperative and will continue to focus on the Company's environmental impact at future sites,” the CleanSpark CEO said.
The firm is currently mining at scale with a very small carbon footprint and expects to have approximately 45MW of 95% carbon-free power dedicated to Bitcoin mining under management by summer 2021.
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Investor Relations
CleanSpark seeks to enhance shareholder value not only through exceptional business performance and practices, but also through responsible and effective communication with its shareholders. The latest company information relevant to the individual and institutional investor includes stock price and history, upcoming events and presentations and financial documents. CleanSpark is traded on Nasdaq under the ticker symbol CLSK.
Overview
As the global economy faces an aging electric utility grid, the power sector seeks more efficient and reliable alternatives to producing and storing energy. A growing number of renewable energy sources and advancements in technology are driving steady investment into solutions such as microgrids and their applications. Defense installations, industrial complexes, communities, and campuses across the world are turning to virtual power plants and microgrids as a means to decrease their reliance from the grid, utilize cleaner power, and enhance energy security and surety.
Market Opportunity
The global market for microgrids is rapidly expanding. According to Navigant Research, the Global Market for Microgrids is expected to experience a 28% Compound Annual Growth Rate from 2020-2029 nearing $40 billion.
Why CleanSpark?
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- Rapidly increasing revenues with capital on hand to reach profitability
- Leading-edge technology
- Proven track record of successful software installations
- Top 10 ranking and strong reputation in the industry
- Strategic alliances with key market participants
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