CleanSpark, Inc. (OTC: CLSK), a Salt Lake City, UT-based microgrid and custom electrical equipment company, secured $20m in financing.
The company intends to use the funds to accelerate the development and deployment of its Distributed Energy Resource (DER) Solutions to commercial customers.
Led by Matthew Schultz, Chief Executive Officer, CleanSpark provides microgrid and custom electrical equipment solutions featuring advanced, proprietary engineering, software and controls for innovative distributed energy resource management systems.
Its services consist of intelligent energy monitoring and controls, microgrid design and engineering, microgrid consulting services, and turn-key microgrid implementation services.
The software, which allows energy users to obtain resiliency and economic optimization, is capable of enabling a microgrid to be scaled to the user’s specific needs and can be widely implemented across commercial, industrial, military, agricultural and municipal, deployment.