{"id":458016,"date":"2021-03-15T16:13:19","date_gmt":"2021-03-15T20:13:19","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=458016"},"modified":"2021-03-15T16:13:19","modified_gmt":"2021-03-15T20:13:19","slug":"cleanspark-announces-launch-of-underwritten-public-offering","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/cleanspark-announces-launch-of-underwritten-public-offering\/","title":{"rendered":"CleanSpark Announces Launch of Underwritten Public Offering"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n SALT LAKE CITY<\/span>, March 15, 2021<\/span> \/PRNewswire\/ —\u00a0CleanSpark, Inc. (Nasdaq: CLSK) (“CleanSpark”), a diversified software, services, and bitcoin mining company, today announced that it has commenced an underwritten public offering of shares of its common stock.\u00a0 The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.<\/p>\n

\n

\n
\n \"CleanSpark,
\n <\/a>\n <\/p>\n<\/p><\/div>\n

Offering to Support Bitcoin Operation Expansion<\/div>\n

H.C. Wainwright & Co. is acting as the sole book-running manager for the offering.<\/p>\n

CleanSpark intends to use the net proceeds from the offering, if completed, for working capital and general corporate purposes, including infrastructure expansion, the acquisition of additional cryptocurrency miners and further development of its mVoult product lines, as well as acquisitions or strategic investments in complimentary businesses, products, services, or technologies.<\/p>\n

An automatic shelf registration statement on Form S-3 relating to the securities being offered was filed with the U.S. Securities and Exchange Commission (the “SEC”) on March 15, 2021<\/span>, which became effective upon filing.\u00a0 The offering will be made only by means of a prospectus supplement and accompanying prospectus that form a part of the automatic shelf registration statement.\u00a0 Copies of the preliminary prospectus supplement and accompanying prospectus relating to the proposed offering, when available, may be obtained from\u00a0H.C. Wainwright & Co., LLC,\u00a0430 Park Avenue,\u00a0New York, NY\u00a010022, by email at\u00a0placements@hcwco.com\u00a0or<\/a> by phone at (646) 975-6996.\u00a0 Before you invest, you should read the preliminary prospectus supplement and accompanying prospectus and the other documents that CleanSpark has filed with the SEC for more complete information about CleanSpark and the proposed offering.<\/p>\n

\n This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.<\/b>\n <\/p>\n

\n About CleanSpark:<\/b>\n <\/p>\n

CleanSpark, Inc., a\u00a0Nevada\u00a0corporation, is in the business of providing advanced software and controls technology solutions to solve modern energy challenges.\u00a0 CleanSpark has a suite of software solutions that provide end-to-end microgrid energy modeling, energy market communications, and energy management solutions.\u00a0 CleanSpark’s offerings consist of intelligent energy monitoring and controls, intelligent microgrid design software, middleware communications protocols for the energy industry, energy system engineering, custom hardware solutions, microgrid installation and implementation services, traditional data center services and software consulting services.<\/p>\n

The Company and its subsidiaries also own and operate a fleet of Bitcoin miners at its facility outside of\u00a0Atlanta, Georgia<\/span>.<\/p>\n

\n Forward-Looking Statements:<\/b>\n <\/p>\n

This release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, including statements regarding the Company’s public offering and other statement regarding the expectations, beliefs, plans, intentions and strategies of the Company.\u00a0 The Company has tried to identify these forward-looking statements by using words such as “expect,” “target,” “anticipate,” “believe,” “could,” “should,” “estimate,” “intend,” “may,” “will,” “plan,” “goal” and similar terms and phrases, but such words, terms and phrases are not the exclusive means of identifying such statements.\u00a0 Actual results, performance and achievements could differ materially from those expressed in, or implied by, these forward-looking statements due to a variety of risks, uncertainties and other factors, including, without limitation, risks that the proposed offering is not completed due to market conditions, failure to satisfy the conditions to closing of the offering or other factors and other risks described in the Company’s prior press releases and in its filings with the SEC, including under the heading “Risk Factors” in the Company’s preliminary prospectus supplement and accompanying prospectus related to the proposed offering and any other filings with the SEC.\u00a0 You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof, and the Company undertakes no obligation to revise or update this press release (including any forward-looking statements contained herein) to reflect events or circumstances after the date hereof.\u00a0 Furthermore, the Company cannot guarantee future results, events, levels of activity, performance, projections or achievements.<\/p>\n

\n Contact – Investor Relations:<\/b>\n <\/p>\n

CleanSpark Inc.
Investor Relations
(801)-244-4405<\/p>\n

<\/div>\n

\n \"Cision\" View original content to download multimedia:http:\/\/www.prnewswire.com\/news-releases\/cleanspark-announces-launch-of-underwritten-public-offering-301247614.html<\/a><\/p>\n

SOURCE CleanSpark, Inc.<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire SALT LAKE CITY, March 15, 2021 \/PRNewswire\/ —\u00a0CleanSpark, Inc. (Nasdaq: CLSK) (“CleanSpark”), a diversified software, services, and bitcoin mining company, today announced that it has commenced an underwritten public offering of shares of its common stock.\u00a0 The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. Offering to Support Bitcoin Operation Expansion H.C. Wainwright & Co. is acting as the sole book-running manager for the offering. CleanSpark intends to use the net proceeds from the offering, if completed, for working capital and general corporate purposes, including infrastructure expansion, the acquisition of additional … <\/p>\n

Continue reading “CleanSpark Announces Launch of Underwritten Public Offering”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-458016","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nCleanSpark Announces Launch of Underwritten Public Offering - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cleanspark-announces-launch-of-underwritten-public-offering\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CleanSpark Announces Launch of Underwritten Public Offering - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire SALT LAKE CITY, March 15, 2021 \/PRNewswire\/ —\u00a0CleanSpark, Inc. (Nasdaq: CLSK) (“CleanSpark”), a diversified software, services, and bitcoin mining company, today announced that it has commenced an underwritten public offering of shares of its common stock.\u00a0 The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. Offering to Support Bitcoin Operation Expansion H.C. Wainwright & Co. is acting as the sole book-running manager for the offering. 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