There are currently 3,471 bitcoin mining units (“ASICs”) in daily operation on site, processing approximately 190 PH/s which are using approximately 9.6 MW of capacity. After an in-depth examination of the profitability under the existing energy structure, it was apparent that it was a perfect fit to deploy the aforementioned strategy. We began an early-stage analysis of ATL in February 2020 to evaluate expanding the facility’s energy capacity and reducing energy costs. We believe today’s transaction allows us to obtain a significant and rapid return on our investment while further validating our energy technologies.
This acquisition enables us to take our prior designs and expand upon them at a much greater scale. As part of the ATL complex, we now have 23 such mobile mining rigs in addition to the main facility. In 2018, CleanSpark’s energy professionals were tasked to design and engineer a microgrid solution for a ‘stand-alone’ mobile bitcoin mining system. Our prior experience in the digital currency mining industry provided insight into how proper energy management was crucial to successful and profitable mining operations. Shedding light on this development CleanSpark’s CEO said “As part of our strategic acquisition initiative, we identified energy-intensive companies facing the greatest amount of exposure to high power costs and resiliency risk. Announced that it has agreed to acquire ATL Data Centers, LLC (“ATL”) for up to $19.4 million in shares of the Company’s common stock.Ĭlean spark recently spent $40M in institutional investment and this acquisition move is perceived as a part of larger growth plan
CLEANSPARK ATL SOFTWARE
Clean Spark INC a software and services company that offers software and intelligent controls for microgrid and distributed energy resource management systems as well as innovative strategy and design services.
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