#Cleanspark investor relations software
In addition to this initial utility-level expansion, CleanSpark will begin modeling solutions with its proprietary mVSO software and subsequently add renewable energy generating assets and energy storage to the site, which will be operated by the Company's patented mPulse controls.
It is expected that this expansion will begin promptly and be completed in April 2021. Since power resiliency directly supports increased profitability in data or processor intensive applications, the Company's ability to deliver high power reliability is expected to demonstrably increase profitability of each segment of the existing business.Īs part of the first phase, the Company has contracted with the local municipality to expand the power to the facility from 20MW to 50MW. Each microgrid would be focused on a specific function, however, the fractal topology of the design will enable them to be interconnected to share power, creating resiliency as well as maximizing total facility efficiency.
The Company anticipates that this will involve the design and installation of multiple microgrids at the facility. CleanSpark plans to deploy its software technologies and trade secrets to maximize energy savings, expand total power capacity, provide resilient electricity, and reduce greenhouse gas emissions. The property is currently served by two separate utility interconnections with entirely different rate structures that power individual segments of the business. ATL creates a unique business opportunity as a full-scale, profitable demonstration facility for the Company. This transaction represents the first strategic acquisition as part of a larger growth plan following CleanSpark's recent $40M institutional investment.
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