CleanSpark (CLSKD) recently entered into an agreement with International Land Alliance (ILAL) that will open the door to several projects ahead. Well, that agreement seems to be paying off with some news released this morning.
The CLSKD/ILAL Agreement Is Already Starting To Pay Off
It was only a couple of weeks ago when CleanSpark announced that it entered into an exclusive agreement to provide microgrid solutions to International Land Alliance. Today, ILAL announced news that tells us that this agreement is likely to start paying off for CLSKD sooner rather than later.
In the release, ILAL said that it has completed site preparation for Costa Bajamar Oasis. The property is a new residental project at the Bajamar Ocean Front Golf Resort. So, what does this have to do with CleanSpark? International Land Alliance said it perfectly in their release:
This significant development, further allows ILAL to begin to leverage its recently announced agreement with Cleanspark, Inc. (OTCQB: CLSKD) to deploy uniquely designed microgrid solutions.
Under the recently announced agreement, CLSKD will have the first right of refusal when it comes to future energy projects at ILAL properties. The fact that site preparation has been completed means that development is going to start relatively soon.
Of course, the development is going to include microgrid solutions provided by CleanSpark, turning the recently announced agreement into a revenue generator. In a statement, Zachary Bradford, CEO at CLSKD, had the following to offer:
As we announced on November 5, we are excited to be working with ILAL as their exclusive partner in developing and designing energy solutions for all of their residential and commercial properties. Breaking ground at Costa Bajamar is the first step in what we believe will be a prosperous relationship.
With construction beginning, CleanSpark will be providing a microgrid solution that will incorporate solar and energy storage assets into the existing power grid. ILAL expects to continue selling and developing additional properties which will provide both Companies increasing revenue opportunities.
The Bottom Line
The bottom line here is simple. International Land Alliance plans on taking advantage of recently raised funds to start getting aggressive with the development of its projects. Due to a 10-year exclusive contract to provide energy software and microgrid solutions at these properties, CLSKD is likely to see strong revenue opportunities ahead, making the stock one that’s well worth watching.
Don’t Miss The Next Big Story
Join our free mailing list below to receive real-time news alerts!
Disclosure – Neither Alpha Stock News nor the author of this article are investment advisors or broker/dealers. No entity involved in the writing or publishing of this article holds a position in any stock mentioned herein nor has plans to hold a position over the next seventy two hours. CNA Finance, parent company to Alpha Stock News, has a monetary relationship with CleanSpark under which it was paid seventy thousand dollars in the month of November to provide research, writing, publishing, advertising and other digital investor relations tasks.