CleanSpark Named to Russell 2000® Index and Welcomes Blockchain Expert Bernardo Schucman as Senior Vice President
23 June 2021 - 11:30PM
CleanSpark, Inc. (Nasdaq: CLSK) (the “Company” or “CleanSpark”),
a diversified software, services and clean Bitcoin mining
company, today announced that it is set to join the Russell
2000
® Index at the conclusion of the 2021 Russell
indexes annual reconstitution, effective after the U.S. market
opens on June 28. The Russell 2000 is a benchmark stock index
comprised of 2,000 publicly-traded small-capitalization companies.
The Company also recently appointed industry veteran Bernardo
Schucman as the Senior Vice President of its Atlanta-based Bitcoin
mining center.
As a new addition to the management team at CleanSpark, Schucman
will oversee its Bitcoin mining and data center operations. He
brings with him over seven years of Bitcoin mining and
cryptocurrency data center operations experience and most recently
served as the co-founder and CEO of both Fastblock and ATL Data
Centers (“ATL”) prior to ATL being acquired by CleanSpark. In
addition to his cryptocurrency expertise, Schucman has more than 20
years of experience as a tech entrepreneur, software engineer and
blockchain engineer in the U.S. and Brazil.
CleanSpark President and CEO Zachary Bradford says, “Bernardo
has been consulting with the Company since we purchased ATL Data
Centers. We are thrilled to officially welcome him and his wealth
of experience to lead our Atlanta mining team as we continue to
grow rapidly, profitably and as efficiently as possible. CleanSpark
succeeded in its bid to purchase ATL last December because of
CleanSpark’s proven track record in energy, which is the backbone
of cryptocurrency mining. We also shared a common belief with
Bernardo on the importance of renewable and carbon free energy
sources to support the future of the blockchain. Bernardo’s
impressive background and industry expertise will be an asset to
the Company.”
Mr. Bradford added, “CleanSpark’s presence in the Russell
2000® index is another monumental moment that is a result of
the considerable growth over the past year.”
The Annual Russell indexes reconstitution captures the 4,000
largest U.S. stocks as of May 7, ranking them by total market
capitalization. Membership in the U.S. all-cap Russell 3000® Index,
which remains in place for one year, means automatic inclusion in
the large-cap Russell 1000Ò Index or small-cap Russell 2000Ò Index
as well as the appropriate growth and value style indexes. FTSE
Russell determines membership for its Russell indexes primarily by
objective, market-capitalization rankings and style attributes.
Russell indexes are widely used by investment managers and
institutional investors for index funds and as benchmarks for
active investment strategies. Approximately $10.6 trillion in
assets are benchmarked against Russell’s U.S. indexes. Russell
indexes are part of FTSE Russell, a leading global index
provider.
CleanSpark has now exceeded 400 PH in hashrate capacity and
mined over 341 Bitcoin since the acquisition of ATL Data Centers.
For more information about CleanSpark’s Bitcoin operation,
visit https://www.cleanblok.com/.
Parties interested in learning more about CleanSpark products
and services are encouraged to inquire by contacting the Company
directly at info@cleanspark.com or visiting the Company’s website
at www.cleanspark.com.
About CleanSpark
CleanSpark, Inc., a Nevada corporation, is in the
business of providing advanced software, controls and technology
solutions to solve modern energy challenges. CleanSpark has a suite
of software solutions that provides end-to-end microgrid energy
modeling, energy market communications, and energy management
solutions. CleanSpark's offerings consist of intelligent energy
monitoring and controls, intelligent microgrid design software,
middleware communications protocols for the energy industry, energy
system engineering, custom hardware solutions, microgrid
installation and implementation services, traditional data center
services and software consulting services.
The Company and its subsidiaries also own and operate a fleet of
Bitcoin miners at its facility outside
of Atlanta, Georgia. For more information about the
Company, please visit the Company's website
at https://www.cleanspark.com/investor-relations.
Forward-Looking Statements
This release contains forward-looking statements as defined in
the Private Securities Litigation Reform Act of 1995, including
statements regarding the Company's plans and expectations for
expansion of its energy initiatives, deployment of miners, the
growth of the facility 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 "expect," "target," "anticipate,"
"believe," "could," "should," "estimate," "intend," "may," "will,"
"plan," "goal" 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's energy hardware,
software and other solutions for this particular application or
market, the expectations of future revenue growth may not be
realized, ongoing demand for the Company'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's prior press releases and in its
filings with the Securities and Exchange Commission (SEC),
including under the heading "Risk Factors" in the Company'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.
Press:Trish DaCostaKCD PRCleanspark@kcdpr.com
Investor Relations
CleanSpark, Inc.
(801)-244-4405
ir@cleanspark.com
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