Solar Watt Solutions, Inc., a California corporation, is a system integrator that assists customers in finding the energy products that best fit their needs while working with a range of equipment manufacturers to provide a cost-effective solution for residential or commercial projects. Solar Watt helps businesses and homeowners install solar and batteries to save money on energy bills and reduce dependence on increasing energy costs from public utilities. CleanSpark plans to apply its energy technologies to these divisions with a goal of mining bitcoins at the lowest energy prices in the United States. Capacity is expected to increase to over 315 PH/s in mining capacity in early 2021. The Company also owns and operates a fleet of Bitcoin miners producing over 200 PH/s in mining capacity.
CLEANSPARK INC SOFTWARE
CleanSpark's offerings consist of intelligent energy monitoring and controls, intelligent microgrid design software, middleware communications protocols for the energy industry, energy system engineering, custom hardware solutions, microgrid installation services, and software consulting services.ĬleanSpark also owns and operates a data center that provides customers with traditional on-site and cloud-based data center services.
CleanSpark has a suite of software solutions that provides end-to-end microgrid energy modeling, energy market communications, and energy management solutions. ĬleanSpark, Inc., a Nevada corporation, is in the business of providing advanced software, controls and technology solutions to solve modern energy challenges. Parties interested in learning more about CleanSpark products and services are encouraged to inquire by contacting the Company directly at or visiting the Company's website at Investors are encouraged to contact the Company at, or visiting the Company's website at. "We anticipate that the acquisition will contribute approximately $20 million in revenue over the next 12 to 18 months and potentially more as we expand into additional territories with critical energy needs." "This acquisition brings a significant pipeline to drive strong revenue growth immediately as part of our new residential initiative," said Lori Love, Chief Financial Officer of CleanSpark. We will continue to devote our efforts to the one-to-many sales approach nationwide through partnerships with companies similar to Solar Watt, but this acquisition will allow us to rapidly scale mVoult and residential sales in Southern California where we have a local presence and a large sales footprint." In addition to executing on their existing pipeline, Solar Watt will form the backbone of the Southern California team for CleanSpark's new residential mVoult product line. As a result, upon closing our transaction to acquire Solar Watt, we added more than $10 million dollars of executed contracts to our backlog. This backlog immediately positions CleanSpark as a player in the direct-to-consumer California residential microgrid market. We anticipate scaling up and, being able to offer new product lines while continuing to provide the excellent service our customers have come to expect, which is the foundation for our success."ĬleanSpark's President and CEO, Zachary Bradford, stated, "Over the past year, we have been working with Solar Watt as a partner to strategically expand our collective sales efforts. With their products and resources behind Solar Watt, we will be able to expedite growth in the California area. The Company's mVoult ( ) product line for residential microgrids will provide opportunities for both companies to expand quickly throughout the state of California and beyond.ĭavid Watt, Founder of Solar Watt, said, "We are extremely excited to join the great team at CleanSpark. Solar Watt has been focused on serving the fire prone communities throughout California by utilizing the Self Generation Incentive Program ("SGIP"), which provides homeowners who have medical needs and reside in vulnerable zones with the opportunity to add energy storage to their homes at little or no cost. CleanSpark Acquires Renewable Energy Developer.
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