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Seeking Alpha 2021-04-19 14:26:56

CleanSpark's microgrid contracts increase 220% to $16.2M

CleanSpark ([[CLSK]] -2.5%) updates that backlog YTD of executed contracts has grown to over $23.5M (+220%) from $7.3M, as mostly recently announced on February 12, 2021.Backlog: ~$14.3M relates to residential microgrid and energy storage initiatives; ~$4.6M to commercial and industrial microgrid and switchgear offerings; ~$4M relates to international microgrid development contracts; and ~$0.6M relates to the P2K software and services business.Company produced more than 144 Bitcoins and has produced 205 Bitcoins since acquiring its mining operations on December 10, 2020.Total hashrate capacity is expected to increase to over 1.1 EH/s by August 2021 and exceed 3.2EH by September 2022.

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