CleanSpark, Inc. (OTCMKTS:CLSK) Files An 8-K Other Events
Item 8.01 Other Events
On February 21, 2017, we were awarded a high-level, microgrid
feasibility study and pilot project design by one of the countrys
largest REITs, which is a leading owner, operator and developer
of high-end retail real estate. The REIT has a geographically
diverse portfolio of high-end properties in some of the most
affluent and densely populated locations around the world.
Under the terms of the agreement, CleanSpark will perform an
in-depth analysis of the REITs existing desktop environment and
portfolio properties, develop the initial design, including
identification of optimal locations for three pilot projects and
detail a long-term microgrid implementation strategy consistent
with the REITs vision of responsible environmental stewardship.
Major milestones in the agreement are expected to be completed
over a period of eight months. CleanSpark expects to generate
approximately $160,000 from the design and engineering
initiative. The three pilot project deployments, if agreed upon
with the REIT in the future, have the potential to generate
several million dollars per project.
This initial pilot program is designed to be the initial step
toward a broader deployment. This agreement is a significant
milestone in the progression of our business and an ideal
opportunity to partner with an industry leader to advance the
adoption of scalable microgrid solutions for cleaner affordable
energy on a large scale. By applying our extensive knowledge and
technologies to create a long-term microgrid implementation
strategy and establish the basis for three potential pilot
locations, we expect to be well-positioned to capture multiple,
follow-on opportunities as the strategy is fully executed.
About CleanSpark, Inc. (OTCMKTS:CLSK)
CleanSpark, Inc., formerly Stratean, Inc., is in the business of acquiring, licensing and marketing patents and technology to create sustainable energy for its energy customers. The Company is a microgrid company, which combines a stratified downdraft gasifier with engineering and software and controls for distributed energy resource management systems. Its software allows energy generated locally to be shared with other interconnected microgrids. The Company’s Flex Power System is an integrated microgrid control platform that integrates all forms of energy generation with energy storage devices and controls facility loads to provide energy security in real time free of cyber threats. The Flex Power System provides sustainable energy with cost savings for its energy customers. The Flex Power System allows customers to manage renewable energy generation, storage and consumption. Its FractalGrid topology enables multiple microgrids to work together or disassociate base on the system. CleanSpark, Inc. (OTCMKTS:CLSK) Recent Trading Information
CleanSpark, Inc. (OTCMKTS:CLSK) closed its last trading session 00.00 at 4.25 with 10,100 shares trading hands.
