As of the last check, shares of the diversified software, services, and Bitcoin mining company CleanSpark Inc. (CLSK) have risen 2.64% to $15.18 in pre-market trading. In the last trading session, CleanSpark stock lost -4.58% to finish at $14.79. The price range of CLSK stock was between $14.76 and $15.26.

A total of 1.09 million shares of CLSK stock traded in the session, below its daily average of 2.13 million shares over 100 days. Since the beginning of the month, CLSK shares have lost -19.00%, dropping -8.48% over the past five days. As a result of signing the agreement with the crypto-miner, CLSK stock is surging.

CLSK has signed agreements with whom?

CleanSpark is a Nevada corporation which provides advanced technology solutions to address modern energy challenges through software, controls, and other technologies. The CLSK portfolio includes software products that support energy market communications, end-to-end microgrid modeling, and energy management.

CLSK provides smart data center and data center management services, along with energy monitoring and control software, microgrid design software, middleware communication protocols for the energy industry, and implementation services. The firm’s facility outside of Atlanta, Georgia, also houses Bitcoin miners owned and operated by CLSK and its subsidiaries.

Earlier today, CleanSpark announced that it had signed a partnership agreement with Coinmint.

• As part of the agreement, CLSK will deploy nearly 25 MW of Bitmain S19 Pro mining equipment at a Coinmint site.
• Coinmint’s Massena, New York facility will be home to approximately 750 PH/s of hashrate capacity when CLSK deploys it between July and September 2021.
• Aside from providing 25 MW of electricity, Coinmint is providing operations support and committing to 98% uptime in order to support this hashrate.
• With this agreement, CLSK expects its overall hashrate to be increased to 1.2 EH/s across all Bitcoin mining locations upon installation, and believes that it will enable CleanSpark to maximize its Bitcoin production while maintaining all aspects of its ESG-based mining philosophy.
• World’s largest private digital currency data center is operated by Coinmint. It is primarily derived from hydroelectricity, and includes all of its sources to produce a 94% carbon-free energy mix.
• As part of its commitment to ESG (“environment, social, and corporate governance”), Coinmint powers its operations mainly by renewable energy. It also creates jobs for residents of the community.
• Also, CLSK and Coinmint intend to collaborate on continuing their efforts to achieve 100% renewable energy.

What will CLSK gain from this?

CLSK’s Atlanta facilities will have a total capacity of 50MW after it completes its 30MW energy expansion. Upon arrival in Atlanta from September 2021 to January 2022, CleanSpark (CLSK) intends to deploy miners to utilize the entire capacity. The total deployed hashrate for CleanSpark (CLSK) will reach 2.1 EH/s after installation.