![]() manufactures, sells and services a broad range of specialty electrical transmission, distribution and on-site power generation equipment for applications in the utility, industrial, commercial and backup power markets. Its software 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.įor more information on CleanSpark, please visit thier website. CleanSpark’s software allows energy users to obtain resiliency and economic optimization. Our services consist of intelligent energy monitoring and controls, microgrid design and engineering, microgrid consulting services, and turn-key microgrid implementation services. “Subject to market, tax, securities law limitations and other considerations, we expect to distribute this equity to our shareholders as soon as practicable.”Īs part of this transaction, the prior definitive agreement, wherein Cleanspark agreed to buy certain assets related to Pioneer’s PCEP switchgear business, signed initially on May 2, 2018, was terminated by mutual agreement.ĬleanSpark provides advanced energy software and control technology that enables a plug-and-play enterprise solution to modern energy challenges. ![]() “We believe that CleanSpark will be able to derive significant incremental value from these intellectual property assets, beyond what Pioneer has generated, and the receipt of CleanSpark equity represents an attractive upside opportunity for Pioneer and its shareholders,” added Mr. The Company expects to record a gain on the sale of PCPI in excess of $4 million during the period ending March 31, 2019. A five-year warrant to purchase 500,000 shares of CleanSpark common stock at an exercise price of $2.00 per share.A five-year warrant to purchase 500,000 shares of CleanSpark common stock at an exercise price of $1.60 per share and. ![]()
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