CleanSpark Inc.

11:33 AM EST - CleanSpark Inc. : Announced Quarterly Results and 283% Increase in Revenues. Three-months ended June 30, 2020 Revenue of $3,438,674, up 181% from $1,222,736 in 2019. Three-months ended June 30, 2020 Gross profit increased 152% to $544,735, up from $216,592 in 2019. Three-months ended June 30, 2020 Net loss per share improved by $0.13 per share to $(0.77) from $(0.90) in 2019. "Our sales in fiscal 2020 are again led by our custom electric switchgear hardware with more than $6.4 Million in products delivered during the nine months ending June 30, 2020. We continue to see a sizable percentage of repeat customers in this segment and we anticipate this trend will continue. As a result of our strong growth we have increased our targeted revenue from $7.0 to $7.5 million in delivered custom switchgear sales prior to the end of our 2020 fiscal year." CleanSpark Inc. shares N.CLSK are trading up 4.82 percent at $6.86.