U.S. energy software and control technology company CleanSpark, Inc. has collected $20 million in an investment round.
CleanSpark will use the net proceeds to accelerate the development and deployment of its distributed energy resource solutions to commercial customers.
Annually, the company has an estimated revenue of $1.1 million.
In January, CleanSpark completed the acquisition of Pioneer Power Solutions, Inc., a U.S. specialty electrical transmission and distribution equipment maker.