![]() “From having 95% noncarbon-based electricity powering our mining operations to our rapidly growing partnership program, it’s clear that our focus on an ESG-centered approach to growth continues to be validated,” said Matthew Schultz, CleanSpark’s executive chairman. In the quarter ended March 31, 2021, CleanSpark produced more than 144 bitcoins and has produced 205 bitcoins since acquiring its mining operations. CleanSpark continues bitcoin and data miningĬleanSpark is exploring the pairing of microgrid products with bitcoin and data mining operations through ATL Data Centers, a company in Georgia that it acquired last year. These contracts have varying timelines and locations, with a phased development approach to international projects over the next few years.įinally, the remaining $0.6 million in the company’s reported microgrid contracts relates directly to CleanSpark’s software and service-based businesses. ![]() ![]() With large and more complicated systems, the company expects to complete its C&I contracts within the next 18 months.ĬleanSpark currently holds $4 million of its active contracts internationally. Second to residential agreements, contracts for commercial and industrial microgrids and switchgear offerings total $4.6 million worth of CleanSpark’s reported earnings. And everybody is now starting to hear the term microgrid,” Bradford said during the interview. Unfortunately, wildfires in California aren’t going away. “The reason we are seeing this is because awareness is increasing day by day. These contracts are expected to be completed within the next 12 months, and show evidence of the “substantial” growth in residential microgrids that CleanSpark CEO Zachary Bradford discussed in a video interview late last year with Kevin Normandeau, Microgrid Knowledge’s publisher. The company currently holds a backlog of microgrid contracts worth $23.5 million, divided across several different business sectors.ĬleanSpark is reporting that $14.3 million, or approximately 60% of these contracts represent residential microgrids and home-based energy storage initiatives. ![]() Microgrid technology company CleanSpark has announced a 220% increase in microgrid contracts worth $16.2 million more than figures reported in February of this year. ![]()
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