CleanSpark, Inc.’s CEO discusses Microgrid Solutions and The Variety of Uses of This Technology with Uptick Newswire’s Stock Day Podcast

PHOENIX, Oct. 15, 2018 (GLOBE NEWSWIRE) -- CleanSpark, Inc. (OTCQB: CLSK), (The Company) is a unique company that offers microgrid solutions for a variety of clients. Matthew Schultz, CEO of CleanSpark, Inc talked with Stock Day’s Marcus Heatherly about what they have to offer in energy and software solutions.

“CleanSpark is a microgrid company, for your listeners who aren’t aware of what microgrid is, we take multiple energy resources, whether it’s wind or solar or geothermal, fuel cells, microturbines, and we build those into a single ecosystem. We add to that energy storage and then controls,” explained Schultz.

He said the purpose of that was to provide resilient power for customers who can’t lose power, for example one of CleanSpark Inc’s customers, the United States Marine Corps at Camp Pendleton. He explained they have resources there that absolutely must have power, a microgrid will provide that resiliency.

“We can also provide economic optimization. It utilizes those renewable resources to optimize the time they are accessed to save our end use client’s money,” said Schultz.

He also told Heatherly his company also provides a reduction in emissions. Heatherly then asked what makes CleanSpark, Inc. different from other microgrid companies.

Schultz explained that his company uses models to meet a customer’s specific needs. “We use utility data and weather data and consumption data and we build a financial model for our clients that optimizes a solution for whatever is most important to them. Whether it be resiliency, economics, or greenhouse gas reduction.”

Schultz also told Heatherly that Cleanspark has the ability to let clients participate in energy markets, giving them the option to sell surplus energy back to other users or back into the grid.

Heatherly then asked about some of the company’s clients. Schultz explained they work with medical marijuana growers who cannot lose power without also losing their crop, he also mentions cryptocurrency mining clients who are intensive power users. They provide the ability to overlay different power sources to store energy to use when energy costs increase later in the day. CleanSpark can offer them savings and tax credits for participating in renewable resources.

“We have a really broad section of users,” Schultz said. “We’ve even taken a luxury residence in California completely off the grid for less than it would have taken San Diego Electric to bring power to this remote area.”

Heatherly then asked how the projects are usually financed. Schultz says for the military clients, they usually own the projects outright. He says because CleanSpark is so unique there are many options for funding.

“We have the ability to fund projects either through fully financed solutions, through a PPA, which is a power purchase agreement, we have different capital partners that we can tailor a modeled solution for whatever the needs are of our end use customers.” 

To listen to the full interview with Matthew Schultz, click the link to the podcast here:

About CleanSpark, Inc.

CleanSpark provides advanced energy software and control technology that enables a plug-and-play enterprise solution to modern energy challenges. Our services consist of intelligent energy monitoring and controls, microgrid design and engineering, microgrid consulting services, and turn-key microgrid implementation services. CleanSpark's software allows energy users to obtain resiliency and economic optimization. Our software is uniquely capable of enabling a microgrid to be scaled to the user's specific needs and can be widely implemented across commercial, industrial, military, agricultural and municipal deployment.

For more information on CleanSpark, please visit

Safe Harbor Statement:

Statements in this press release relating to plans, strategies, testing and operational performance, projections of results of specific activities and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. This release contains "forward-looking statements" that include information relating to future events and future financial and operating performance. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which that performance or those results will be achieved. Forward-looking statements are based on information available at the time they are made and/or management's good faith belief as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Important factors that could cause these differences include, but are not limited to: fluctuations in demand for the Company's products, the introduction of new products, the Company's ability to maintain customer and strategic business relationships, the impact of competitive products and pricing, growth in targeted markets, the adequacy of the Company's liquidity and financial strength to support its growth, and other information that may be detailed from time-to-time in the Company's filings with the United States Securities and Exchange Commission (the "SEC").  For a more detailed description of the risk factors and uncertainties affecting the Company, please refer to the Company's recent SEC filings, which are available at The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Contact - Investor Relations:
S. Matthew Schultz
Chief Executive Officer
(801) 244-4405

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