The firm's lawyers have recovered billions of dollars for its clients. The firm represents many of the nation's largest institutional investors as well as individual investors in securities litigation throughout the United States. The deadline to move the Court to be appointed lead plaintiff is March 22, 2021.īlock & Leviton LLP is a firm dedicated to representing investors and maintaining the integrity of the country's financial markets. If you purchased or acquired shares of CleanSpark between Decemand January 14, 2021, you are strongly encouraged to contact the nationally-recognized securities law firm Block & Leviton LLP ( at (617) 398-5600, via email at or visit our website. The suit alleges that CleanSpark misled investors as to the Company's customer and contract figures and that several of CleanSpark's recent acquisitions involved undisclosed related party transactions. CleanSpark has generated 0. The company earned 27.82 million during the quarter, compared to analyst estimates of 30.20 million. The reported (0.46) earnings per share for the quarter, beating the consensus estimate of (0.64) by 0.18. District Court for the Southern District of New York. CleanSpark last released its earnings data on February 9th, 2023. On January 14, 2021, analyst Culper Research published a report entitled "Cleanspark (CLSK): Back to the Trash Can." In this report, Culper alleged that CleanSpark "is an insider enrichment scheme which, at every turn of its promotion, has vastly overstated or simply fabricated key elements of its business, including purported customers and contracts." Culper continued that "CleanSpark's entire ‘business' has been built upon lies and deceit." The market was stunned by this report, and shares fell by approximately 9.2% to close at $35.71 on January 14, 2021.Ī lawsuit has been filed against CleanSpark and certain of its executives in the U.S. (NASDAQ:CLSK) and certain of its executives. BOSTON, MA / ACCESSWIRE / Ma/ Block & Leviton LLP ( a national securities litigation firm, announces that a lawsuit for violation of the federal securities laws has been filed against CleanSpark, Inc. CleanSpark plans to apply its technologies with a goal of mining bitcoins at the lowest energy prices in the United States. Capacity is expected to increase to over 300 PH/s in mining capacity in early 2021. The Company also owns and operates a fleet of over 3,400 ASIC (application-specific integrated circuit) Bitcoin miners producing over 200 PH/s in mining capacity. Through its wholly owned subsidiary ATL Data Centers LLC, CleanSpark owns and operates a data center that provides customers with traditional on-site and cloud-based data center services. Our offerings consist of intelligent energy monitoring and controls, intelligent microgrid design software, middleware communications protocols for the energy industry, energy system engineering, and software consulting services. The US483m market-cap company posted a loss in its most recent financial year of US23m and a latest trailing. We have a suite of software solutions that provide end-to-end microgrid energy modeling, energy market communications, and energy management solutions. provides energy software and control technology solutions worldwide.
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