{"id":539149,"date":"2021-09-16T09:03:42","date_gmt":"2021-09-16T13:03:42","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/cleanspark-joins-with-partnership-gwinnett-to-announce-145-million-in-capital-and-human-investments\/"},"modified":"2021-09-16T09:03:42","modified_gmt":"2021-09-16T13:03:42","slug":"cleanspark-joins-with-partnership-gwinnett-to-announce-145-million-in-capital-and-human-investments","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/cleanspark-joins-with-partnership-gwinnett-to-announce-145-million-in-capital-and-human-investments\/","title":{"rendered":"CleanSpark Joins with Partnership Gwinnett to Announce $145 Million in Capital and Human Investments"},"content":{"rendered":"<div class=\"mw_release\">\n<p>SALT LAKE CITY, Sept.  16, 2021  (GLOBE NEWSWIRE) &#8212; CleanSpark, Inc. (Nasdaq: CLSK) (the &#8220;Company&#8221; or &#8220;CleanSpark&#8221;), a\u00a0sustainable bitcoin mining and diversified energy company, joined Partnership Gwinnett to announce expected capital and human investments of nearly $145 million over the next five years at CleanSpark\u2019s data center in Norcross, Georgia.\u00a0<\/p>\n<p>The\u00a0$6.55 million\u00a0purchase of the former Sprint\/Nextel data center, announced earlier in August, is expected to bring 20 skilled and highly skilled jobs to the community, at an average yearly wage of approximately $50,000. CleanSpark expects the facility to be operational by late 2021.\u00a0<\/p>\n<p>CleanSpark is working with Partnership Gwinnett because of the organization\u2019s substantial role in the county and surrounding area. Partnership Gwinnett is supported by over one hundred companies, municipalities, and educational institutions to strengthen Gwinnett County\u2019s diverse economy and ability to compete in the global marketplace.\u00a0<\/p>\n<p>&#8220;Gwinnett County\u2019s momentum as a major player in job creation is distinct,\u201d said Gwinnett County Chairwoman Nicole Hendrickson. \u201cWith CleanSpark coming to Norcross, it means economic stability in a workforce tailored to providing solutions to modern energy challenges.&#8221;<\/p>\n<p>In addition to direct upgrades to the facility, CleanSpark is partnering with Georgia Power to invest in a $2 million power expansion. Improvements are expected to benefit power customers and community members living near CleanSpark\u2019s new facility. The Company will also participate in Georgia\u2019s Simple Solar program and anticipates the addition of onsite renewables, solar installations, and other microgrid energy solutions. The mining operations are expected to be 100 percent carbon neutral.<\/p>\n<p>\u201cWe believe bitcoin mining can make a positive contribution to the neighborhoods we operate in,\u201d said Zach Bradford, CleanSpark CEO and President. \u201cWe are committed to being socially and environmentally responsible partners and are proud to work with Partnership Gwinnett as we grow our relationships with other businesses and governmental organizations in Georgia.\u201d<\/p>\n<p>Over the next five years, CleanSpark\u2019s community investment is expected to include:<\/p>\n<p \/>\n<ul>\n<li>$7.5 million in property investment<\/li>\n<li>$132 million in equipment &amp; hardware investments<\/li>\n<li>$4.1 million in people<\/li>\n<li>20 highly skilled and skilled jobs, ~$50,000 average annual wage<\/li>\n<li>$2 million investment in power expansion with Georgia Power<\/li>\n<li>Expectation of 100% net carbon-neutral<\/li>\n<\/ul>\n<p \/>\n<p \/>\n<p>\u201cWe are delighted to add another company into the fold that reflects our commitment to sustainability,\u201d said Norcross Mayor Craig L. Newton. \u201cWe are also exceptionally honored that such an innovative and forward-looking corporation as CleanSpark intentionally selected Norcross as home to its newest data center. Economic viability and environmental stability are directly tied together, and Norcross is fortunate that a growing number of companies recognize our dedication to both. We look forward to welcoming CleanSpark and the many jobs it will bring to our city later this year.\u201d\u00a0<\/p>\n<p>Partnership Gwinnett also worked with Gateway 85 CID.<\/p>\n<p>\u201cGateway85 CID and Partnership Gwinnett have been working hard to attract innovative companies like CleanSpark to the district,\u201d said Emory Morsberger, executive director \u2013 Gateway85 CID. \u201cWe\u2019re thrilled to have a company not only focused on solving today\u2019s energy challenges, but also adding more jobs to our economic base.\u201d\u00a0<\/p>\n<p>Deven Cason, Director of Business Retention and Expansion,\u00a0represented Partnership Gwinnett in conjunction with the Metro Atlanta Chamber\u00a0and Georgia Power\u00a0on the project.<\/p>\n<p>\u201cIn Gwinnett County, we are focused on technological innovation and creating an environment of advancement,\u201d said Cason. \u201cWe are excited to welcome CleanSpark to Norcross and Gwinnett County.\u201d<\/p>\n<p>\n        <b>Forward-Looking Statements\u00a0<br \/><\/b>This release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, including statements regarding the Company&#8217;s plans and expectations for expansion of its energy initiatives, operating results, business strategy, partnership with Coinmint, deployment of miners, digital currency mining activities, the growth of its facilities and other statements regarding the expectations, beliefs, plans, intentions and strategies of the Company. The Company has tried to identify these forward-looking statements by using words such as &#8220;expect,&#8221; &#8220;target,&#8221; &#8220;anticipate,&#8221; &#8220;believe,&#8221; &#8220;could,&#8221; &#8220;should,&#8221; &#8220;estimate,&#8221; &#8220;intend,&#8221; &#8220;may,&#8221; &#8220;will,&#8221; &#8220;plan,&#8221; &#8220;goal&#8221; and similar terms and phrases, but such words, terms and phrases are not the exclusive means of identifying such statements. Actual results, performance and achievements could differ materially from those expressed in, or implied by, these forward-looking statements due to a variety of risks, uncertainties and other factors, including, without limitation: the successful deployment of energy solutions for residential and commercial applications; the fitness of the Company&#8217;s energy hardware, software and other solutions for this particular application or market; the success of its digital currency mining activities; the expectations of future revenue growth may not be realized; ongoing demand for the Company&#8217;s software products and related services; the impact of global pandemics (including COVID-19) on the demand for our products and services; and other risks described in the Company&#8217;s prior press releases and in its filings with the Securities and Exchange Commission (SEC), including under the heading &#8220;Risk Factors&#8221; in the Company&#8217;s Annual Report on Form 10-K and any subsequent filings with the SEC. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof, and we undertake no obligation to revise or update this press release (including any forward-looking statements contained herein) to reflect events or circumstances after the date hereof.\u00a0<\/p>\n<p>\n        <b>About CleanSpark\u00a0<br \/><\/b>CleanSpark, Inc., a\u00a0Nevada\u00a0corporation, is a clean bitcoin mining and energy technology company that is focused on solving modern energy challenges.\u00a0<\/p>\n<p>For more information about the Company, please visit the Company&#8217;s website at\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=CSazqe_x4YxNLbOYVBVGMusjXdtKyprhG7xsRBeiGnP8xhunR3H753jzVOrjiXKv65X9PnHibyIg_5QnskicwtVHjoi2wCRI3xEyucW-VgDEVc2UYsNaJAcGvCZBXyMUekK-UaPw-G2fpF50H6xgt4wrP9F9Z9MKupfPs8y3T3c=\" rel=\"nofollow noopener\" target=\"_blank\">https:\/\/www.cleanspark.com\/investor-relations\u00a0<\/a>.\u00a0<\/p>\n<p>\n        <b>Contacts:\u00a0<br \/>Investor Relations:\u00a0<br \/><\/b>CleanSpark, Inc.\u00a0<br \/>Investor Relations\u00a0<br \/>(801) 244-4405\u00a0<\/p>\n<p>\n        <b>Press:\u00a0<br \/><\/b>Isaac Holyoak<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Pgxv7CuJ3mrZGiIyrAT11qECCMHF13gA1Lg1KeMDOk4VZCZiXpkNqa-33B42OPzHOFM5-sbLqkB9RvX9KJoqRg==\" rel=\"nofollow noopener\" target=\"_blank\">pr@cleanspark.com<\/a>\u00a0\u00a0\u00a0\u00a0<\/p>\n<p>\n        <b>About Partnership Gwinnett\u00a0<\/b>\n      <\/p>\n<p>Partnership Gwinnett is a public-private initiative dedicated to bringing new jobs and capital investment to Gwinnett County, Georgia. Since 2006, Partnership Gwinnett has worked with its local partners to attract and retain jobs, cultivate capital investment, support educational institutions, foster workforce development, and contribute to the exceptional quality of life found in Gwinnett. Fueled by the support of over one hundred companies, municipalities, Gwinnett County, K-12 and higher education systems, the mission of Partnership Gwinnett is to strengthen the community\u2019s diverse economy to compete in the global marketplace and position Gwinnett as the premiere place to live, work and play.\u00a0<\/p>\n<p>\n        <b>Media Contact:\u00a0<br \/><\/b>Jaclyn Allison<br \/>Partnership Gwinnett, Director of Marketing, Communications &amp; Events<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=A9TwefPswFEIfAyUvHeoDv-9ilE4T_gv8fDt03FqD7POXmqe5jK-wRlvR8roY11CAgNMMPcAv9S8yQB0BZdZU2K_-zbVRdvkkxmubZD0HQyyjnQbpXTObtHDHISPZI5S\" rel=\"nofollow noopener\" target=\"_blank\">jallison@partnershipgwinnett.com<\/a><br \/>770-232-8814\u00a0<\/p>\n<p>      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODMyNjg5MCM0NDA4MTYwIzIxOTAwMTc=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/MDgxMWQyMTAtODFkZi00YzZmLWE2OGYtMTM3MjFmZmQ4MWJiLTEyMDE1NzA=\/tiny\/CleanSpark-Inc-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\">\n<pre>Isaac Holyoak\r\nCleanSpark, Inc.\r\npr@cleanspark.com\r\n\r\nJaclyn Allison\r\nPartnership Gwinnett\r\njallison@partnershipgwinnett.com\r\n<\/pre>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>SALT LAKE CITY, Sept. 16, 2021 (GLOBE NEWSWIRE) &#8212; CleanSpark, Inc. (Nasdaq: CLSK) (the &#8220;Company&#8221; or &#8220;CleanSpark&#8221;), a\u00a0sustainable bitcoin mining and diversified energy company, joined Partnership Gwinnett to announce expected capital and human investments of nearly $145 million over the next five years at CleanSpark\u2019s data center in Norcross, Georgia.\u00a0 The\u00a0$6.55 million\u00a0purchase of the former Sprint\/Nextel data center, announced earlier in August, is expected to bring 20 skilled and highly skilled jobs to the community, at an average yearly wage of approximately $50,000. CleanSpark expects the facility to be operational by late 2021.\u00a0 CleanSpark is working with Partnership Gwinnett because of the organization\u2019s substantial role in the county and surrounding area. Partnership Gwinnett is supported by over one hundred companies, &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cleanspark-joins-with-partnership-gwinnett-to-announce-145-million-in-capital-and-human-investments\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;CleanSpark Joins with Partnership Gwinnett to Announce $145 Million in Capital and Human Investments&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-539149","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>CleanSpark Joins with Partnership Gwinnett to Announce $145 Million in Capital and Human Investments - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cleanspark-joins-with-partnership-gwinnett-to-announce-145-million-in-capital-and-human-investments\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CleanSpark Joins with Partnership Gwinnett to Announce $145 Million in Capital and Human Investments - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"SALT LAKE CITY, Sept. 16, 2021 (GLOBE NEWSWIRE) &#8212; CleanSpark, Inc. (Nasdaq: CLSK) (the &#8220;Company&#8221; or &#8220;CleanSpark&#8221;), a\u00a0sustainable bitcoin mining and diversified energy company, joined Partnership Gwinnett to announce expected capital and human investments of nearly $145 million over the next five years at CleanSpark\u2019s data center in Norcross, Georgia.\u00a0 The\u00a0$6.55 million\u00a0purchase of the former Sprint\/Nextel data center, announced earlier in August, is expected to bring 20 skilled and highly skilled jobs to the community, at an average yearly wage of approximately $50,000. CleanSpark expects the facility to be operational by late 2021.\u00a0 CleanSpark is working with Partnership Gwinnett because of the organization\u2019s substantial role in the county and surrounding area. 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(Nasdaq: CLSK) (the &#8220;Company&#8221; or &#8220;CleanSpark&#8221;), a\u00a0sustainable bitcoin mining and diversified energy company, joined Partnership Gwinnett to announce expected capital and human investments of nearly $145 million over the next five years at CleanSpark\u2019s data center in Norcross, Georgia.\u00a0 The\u00a0$6.55 million\u00a0purchase of the former Sprint\/Nextel data center, announced earlier in August, is expected to bring 20 skilled and highly skilled jobs to the community, at an average yearly wage of approximately $50,000. CleanSpark expects the facility to be operational by late 2021.\u00a0 CleanSpark is working with Partnership Gwinnett because of the organization\u2019s substantial role in the county and surrounding area. 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