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Saturday, May 28, 2022

What is up with the CleanSpark (CLSK) stock, as it slid down

CleanSpark Inc (CLSK) stock faced a negative trend on Monday, March 15, 2021. The stock lost -10.46% in the extended trading session after going down -4.93%in the regular trading session. Let us see the latest news about CLSK.

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Pricing the public offering

On March 15, 2021, CLSK announced the pricing of its previously announced underwritten public offering of 9,090,910 shares of common stock at a public offering price of $22.00 per share. The Company will raise $200 million from Underwritten Offering. March 18, 2021, is the last day to close the offer. CLSK wants to use the generated amount for working capital and general corporate purposes, acquire additional cryptocurrency miners, and develop its product lines.

About CleanSpark:

CleanSpark, Inc. was founded in 1987 in Utah, United States. CLSK provides advanced software and controls technology solutions to solve modern energy challenges. CLSK provides energy management solutions and end-to-end microgrid energy modeling through its suite of software solutions. The Company and its subsidiaries also own and operate a fleet of Bitcoin miners outside Atlanta, Georgia. Zachary K. Bradford is the president and CEO of the CLSK. He holds a B.S. in Accounting and a Masters of Accountancy from Southern Utah University.

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