11:16 AM EST - CleanSpark, Inc. : Updated its shareholders and further commented on the Company's financial results presented in its most recent Form 10-K. The company delivered in Excess of 100% Year-Over-Year Revenue Improvement for the Third-Consecutive Year. Completed successful acquisitions of GridFabric and p2klabs. Both acquired companies are cashflow-positive and provide us with entirely new verticals for growth. In early December 2020, CLSK acquired ATL Data Centers in an 'all-stock' transaction. Ordered an additional 1,500 ASICS miners since the closing of the ATL transaction, with plans to fully deploy this order of miners in January 2021. The Company expects the somewhat cyclical nature of its business to continue. As an example, approximately 10% of the fiscal 2020 revenue was realized in the quarter ending December 31 , 2019. CLSK anticipates this trend will continue in fiscal 2021 and forecast that the second and third fiscal quarters will again be the strongest. The company expects to generate $20 million in revenue related to current business segments and expect the recent acquisition of ATL Data Center to contribute a minimum of $10 million in additional Bitcoin-based (BTC-USD) revenues for 2021. CleanSpark, Inc.
shares N.CLSK are trading up 5.16 percent at $30.55.
