In addition, Culper accuses CleanSpark of habitually fabricating and overstating claimed customers and contracts. 2020, CleanSpark "has simply rebranded an otherwise failed, podunk operation in service of a gutless promotion attempt," and "Cleanspark's apparent lies and omissions aside, we think investors buying the stock for the Company's mining capabilities are paying Porsche 911 prices for what amounts to a broken-down Toyota Corolla." 14, 2021, when Culper Research called CleanSpark's shares "uninvestible" in a scathing report entitled, "Cleanspark: Back to the Trash Can."Īccording to Culper's analysis, in acquiring ATL Data Centers in Dec.
#Cleanspark investigation software#
Announces Phase Two of Its Mining Campus in Washington, Georgia, Is LiveĬleanSpark Says it Mined 491 Bitcoins in JuneĬleanSpark Stock Up 14% on Bitcoin Mining, Sales UpdateĬleanSpark, Inc.(NasdaqCM:CLSK) added to Russell 3000E Growth IndexĬleanSpark, Inc.(NasdaqCM:CLSK) added to Russell 3000 Growth IndexĬleanSpark, Inc.(NasdaqCM:CLSK) added to Russell Microcap Growth IndexĬleanSpark, Inc.(NasdaqCM:CLSK) added to Russell 2500 Growth IndexĬleanSpark, Inc.(NasdaqCM:CLSK) added to Russell Small Cap Comp Growth IndexĬleanSpark, Inc.The investigation concerns whether the company misrepresented its business operations and prospects.ĬleanSpark has recently promoted itself as being in the business of bitcoin mining and providing advanced software and controls technology solutions to solve modern energy challenges. Sector Update: Financial Stocks Gaining Thursday AfternoonĬleanSpark Starts Phase 2 of Georgia Bitcoin Mining Campus Shares RiseĬleanSpark Inc. Sector Update: Financial Stocks Rising Late ThursdayĬrypto Stocks Gain After Judge Dismisses Part of SEC's Ripple Case Reports Unaudited Bitcoin Mining for the Month and Year to Date Ended July 31, 2023Ĭhardan Ups Price Target on CleanSpark to $10 From $6, Maintains Buy Rating Transcript : CleanSpark, Inc., Q3 2023 Earnings Call, Aug 09, 2023Įarnings Flash (CLSK) CLEANSPARK Reports Q3 Revenue $45.5M, vs. Reports Earnings Results for the Third Quarter and Nine Months Ended June 30, 2023 HC Wainwright Adjusts Price Target on CleanSpark to $14 From $12, Keeps Buy RatingĬleanSpark, Inc. Reports Unaudited Bitcoin Mining for the Month and Year to Date Ended August 31, 2023Ĭhardan Ups Price Target on CleanSpark to $11 From $10, Keeps Buy Rating
#Cleanspark investigation update#
Announces Unaudited Bitcoin Mining and Operations Update for the Month and Year Ended September 30, 2023Ĭleanspark, Inc. View source version on : Ĭleanspark, Inc. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to or visit our website at This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. Smith, Esquire, of Law Offices of Howard G. If you purchased CleanSpark securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. On this news, CleanSpark’s shares fell $3.63 per share, or 9.23%, to close at $35.71 per share on January 14, 2021, thereby injuring investors.
On January 14, 2021, Culper Research published a report titled “Cleanspark (CLSK): Back to the Trash Can,” alleging, among other things, that CleanSpark has “fabricated key elements of its business, including purported customers and contracts” and is also “rife with undisclosed related party transactions.” (“CleanSpark” or the “Company”) (NASDAQ: CLSK) investors concerning the Company’s possible violations of federal securities laws. Smith announces an investigation on behalf of CleanSpark, Inc.
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