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CleanSpark gets $577K order for ATS switchgear technology to power grocery stores amid coronavirus

The technology ensures uninterrupted power by automatically switching to a backup source if it senses an outage

Person wearing medical mask at grocery store
CleanSpark also makes software for energy microgrids, allowing them to be scaled to a user's specific needs

CleanSpark Inc (NASDAQ:CLSK) has secured a $577,000 order for its intelligent automatic transfer switch (ATS) switchgear, technology used to ensure uninterrupted power by automatically transferring power to a backup source when it senses a failure or outage.

The units in this purchase order will provide power to grocery stores and are expected to be shipped over the next two fiscal quarters, the company said.

“CleanSpark’s units will be integrated into natural gas powered microgrids to provide resilient power to grocery stores,” CEO Zach Bradford said in a statement. “Resilient power to support essential businesses is critical now more than ever in the face of the COVID-19 outbreak. Grid-related power outages can be increasingly disruptive to business operations and have a drastic impact on essential customer access.”

READ: CleanSpark subsidiary designs neighborhood security app to include coronavirus data

The new order comes from an existing customer, the company said. 

“The client issuing today’s purchase order is the same organization that contracted with CleanSpark in January for more than $1.6 million in ATS switchgear,” Bradford said. “We expect to continue to receive a significant number of orders for additional units during the next few years in order to meet the increasing demand for resilient back-up energy solutions.” 

CleanSpark, based in Salt Lake City, also makes software for energy microgrids, allowing them to be scaled to a user's specific needs and implemented across the commercial, industrial, military and agricultural sectors.

Contact Andrew Kessel at [email protected] 

Follow him on Twitter @andrew_kessel

Quick facts: CleanSpark Inc

Price: 2.03 USD

NASDAQ:CLSK
Market: NASDAQ
Market Cap: $20.03 m
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CleanSpark sees five-fold year-over-year increase in revenue from demand of...

CleanSpark Inc (NASDAQ:CLSK) CEO Zach Bradford tells Proactive the software and services company posted quarterly revenue numbers of $3.6 million, a five-fold year-over-year increase due to growth of custom switchgear equipment sales. Bradford says demand from companies is due to the growth...

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