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CleanSpark sees five-fold year-over-year increase in revenue from demand of switchgear equipment

Published: 19:30 13 May 2020 BST

CleanSpark Inc (NASDAQ:CLSK) CEO Zach Bradford tells Proactive the software and services company posted quarterly revenue numbers of $3.6 million, a five-fold year-over-year increase due to growth of custom switchgear equipment sales.

Bradford says demand from companies is due to the growth in the micro-grid power systems market, where more and more companies are looking to add resiliency and cost savings in the commercial and industrial space.

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