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CleanSpark sees five-fold year-over-year increase in revenue from demand of switchgear equipment

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 in the micro-grid power systems market, where more and more companies are looking to add resiliency and cost savings in the commercial and industrial space.

Quick facts: CleanSpark Inc

Price: 10.9 USD

NASDAQ:CLSK
Market: NASDAQ
Market Cap: $238.01 m
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CleanSpark acquires energy software firm GridFabric to beef up its Demand...

CleanSpark Inc (NASDAQ:CLSK) CEO Zach Bradford tells Proactive the a diversified software and services company has completed a strategic acquisition of GridFabric LLC. Bradford says Cleanspark will utilize GridFabric's communications protocols as an integral part of its Demand Response...

on 09/01/2020

2 min read