Business
CleanSpark Announces New Developments in its Microgrid Division
SALT LAKE CITY, June 03, 2021 (GLOBE NEWSWIRE) -- CleanSpark, Inc. (Nasdaq: CLSK) (the “Company” or “CleanSpark”), a diversified software, services, and clean
About this update from Cleanspark, Inc.
[{"type":"text","content":"SALT LAKE CITY, June 03, 2021 (GLOBE NEWSWIRE) -- CleanSpark, Inc. (Nasdaq: CLSK) (the “Company” or “CleanSpark”), a diversified software, services, and clean Bitcoin mining company today announced that it had extended and expanded its contract manufacturing agreement with Pioneer Power Solutions, Inc., (Nasdaq: PPSI). The Company is also proud to announce its membership in Think Microgrid, a group of leading Microgrid and Energy companies, organized to advance state and federal policies. ‘Think Microgrid’ fills the need for a coordinated voice supporting the fast-growing microgrid sector in critical policy, legislative and regulatory discussions currently underway. More information can be found at Think Microgrid’s website HERE. CleanSpark’s President and Chief Executive Officer, Zachary Bradford said, “We are excited and motivated to join Think Microgrid, a group that acts as an educational resource for policy makers and regulators on critical issues pertaining to energy generation, storage, distribution and management. The organization’s stated goal is to help facilitate improvements to the domestic power grids, incorporation of renewables and distributed energy, bring cost savings to customers and stakeholders and increase the visibility of clean energy initiatives worldwide.” The Company also executed an updated Distribution Agreement with Pioneer Power Solutions, Inc. that extends and expands the relationship between the two companies through the end of 2023. As part of the new agreement, Pioneer Power has been granted expanded rights to utilize CleanSpark’s proprietary software products, including mPulse and GridFabric’s OpenADR solutions. Pioneer plans to bundle the solutions with PowerBloc, PPSI’s integrated charging and power solution for EV (electric vehicle) infrastructure. In addition, CleanSpark has been granted expanded rights and opportunities to serve as a preferred distributor of the PowerBloc solution. PowerBloc addresses the increasing demand from customers and government initiatives for large-scale electric charging capabilities that are cost effective and can be rapidly deployed. PowerBloc can grow with changes to a site allowing for easy plug-in of on-site solar, wind, peak shaving or back-up generation. CleanSpark’s Chief Revenue Officer, Amer Tadayon, stated, “The expanded partnership allows us to combin...