On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. And finally: In 2021, the company spent around 2M per quarter on legal fees to fight two lawsuits. That has it leveraging solar power, as well as other renewable resources, for its energy.ĬLSK stock was up 2.4% as of Friday morning. CleanSpark only invested 85,000 in R&D over the last 21 months. It focuses on using its own microgrid to reduce the energy costs required to mine the cryptocurrency. The suit alleges that CleanSpark misled investors as to the Company’s customer and contract figures and. District Court for the Southern District of New York. With the latest S19s deployed we have now exceeded 200PH/s of mining capacity.”ĬleanSpark is a little different from the average bitcoin mining company. A lawsuit has been filed against CleanSpark and certain of its executives in the U.S.
“We are extremely pleased with the first week post acquisition, ATL has continued mining without significant interruption during integration of our teams and the ability to quickly procure additional miners immediately increased our capacity.
Zachary Bradford, CEO of CLSK, said this about the news boosting the stock higher. Another point that the company mentions is that it only completed its acquisition of the ATL Data Center one week ago. Company-specific issues like the CleanSpark lawsuit and selling more than 9 million new shares at a discount to raise money might be weighing on CLSK stock. It’s worth noting that CleanSpark already has 3,400 ASICs operating daily at its sites. These will be set up at its ATL location in Atlanta and are scheduled to arrive in the second week of January. To put that in perspective, bitcoin is trading for over $20,000, which means the company’s bitcoin revenue has already surpassed $200,000 for the month.ĬleanSpark notes that its expanding its bitcoin mining with an additional 500 ASICs bitcoin mining units. NASDAQ: CLSK Investors should contact the Shareholders Foundation in connection with Lawsuit against CleanSpark, Inc. By continuing to use our service, you agree to our use of cookies.
According to a news release from the company, it mined a total of 10 bitcoins during December. Sued for Violations of the Federal Securities Laws Investors Should Contact Block & Leviton LLP uses cookies on this site. SAN DIEGO- ( BUSINESS WIRE )-Robbins Geller Rudman & Dowd LLP announces that a class action lawsuit has been filed in the Southern District of New York on behalf of purchasers of CleanSpark, Inc.
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