In accordance with the MOU, CleanSpark will evaluate two stages of grid resiliency for the District. CleanSpark announced the signing of a Memorandum of Understanding (“MOU”) with the Shoreline Unified School District to form a Strategic Alliance for Microgrid Assessment and Deployment.We are currently working with ILAL on two initial feasibilities studies and we anticipate that in 2020 we will recognize at least $200,000 in related revenue with a large increase expected in 2021 as ILAL’s development efforts begin to accelerate.
CLEANSPARK STOCK SOFTWARE
The agreement calls for CleanSpark to provide its microgrid Value Stream Optimizer (mVSO) software services to support system design and engineering as well as integrating CleanSpark’s mPULSE software into the final systems on all future energy projects across the ILAL portfolio of properties. CleanSpark announced a 10-year exclusive agreement with International Land Alliance (ILAL).
Quarter ending DecemNet loss per share improved by $0.23 per share to $(0.40) from $(0.63) in 2018. Quarter ending DecemGross profit increased 238% to $94,103, up from $39,581 in 2018. Six consecutive quarters of year-over-year quarterly growth. expected to add $2 Mil in annual revenue with margins that exceed 50% January 2020 acquisition of p2kLabs Inc. Completed Nasdaq uplisting in January 2020. Over the last few months, the Company has achieved numerous milestones. We continue to deliver solid financial results, and we remain very confident in our prospects.” Last but not least, the Company wishes to reassure CleanSpark’s shareholders that we remain on track with our current and prospective projects, and that all contracted projects are being worked on, and such activity will be reflected in the Company’s future quarterly results.ĬleanSpark CEO Zach Bradford remarked, “While we don’t normally comment on our stock price or performance, it is important to stress that nothing has fundamentally changed in our business. CleanSpark further confirms that none of the business developments disclosed previously are at risk. The Company does not usually opine on stock price and trading activity, however, given the recent decline, and inquiries from investors, the Company confirms the following:Įverything material has been disclosed by the Company in either its press releases or quarterly reports. (Nasdaq: CLSK), a diversified software development and intelligent energy services company, issues this press release in response to recent trading activity in its shares, and stock price decline. 20, 2020 (GLOBE NEWSWIRE) - CleanSpark, Inc.
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