SALT LAKE CITY, Jan. 21, 2021 /PRNewswire/ -- CleanSpark,
Inc. (Nasdaq: CLSK), ("CleanSpark, or "the Company"), an advanced
software and controls technology solutions company focused on
solving modern energy challenges, has become aware of a report
making false accusations against CleanSpark and its officers.
The publisher of this false report is an unknown entity or group
hidden behind the facade of "Culper Research," which disguises the
identity of the actual author(s).
CleanSpark Investigates Anonymous Short Seller
The apparent purpose of the Culper Research "report" is to cover
or profit from the publisher's short positions in the Company,
which the publisher expressly acknowledges holding in the report
itself. Holders of short positions trade on an expected
decline in the price of a stock. Such holders only profit on
such positions when the stock declines and incur potentially
unlimited losses if the price does not decline.
CleanSpark takes seriously any accusations of impropriety,
stands behind its prior statements and disclosures, and will not
tolerate unfounded and reckless claims against the Company.
CleanSpark has retained the law firm of Wilk Auslander LLP in
connection with this matter and will be vigilant in investigating
the sources of these misrepresentations, including the identity of
those veiled behind the entity calling itself Culper
Research. We are aware that litigation premised on the
so-called "Culper Report" has been filed and that plaintiff's firms
are trolling for additional shareholders. The Company will
vigorously and relentlessly defend itself against these actions and
against the kind of baseless accusations made by those behind the
"report." We also invite anyone who has any information
regarding the persons or entities behind Culper Research to contact
the Company at the Investor Relations email address or contact
number provided below.
For accurate information about the Company, Shareholders should
refer to the Company's disclosure documents filed with U.S.
Securities and Exchange Commission, which are available online
under the Company's EDGAR profile at www.sec.gov or on
the Investor Relations tab of the Company's website
at www.CleanSpark.com.
About CleanSpark:
CleanSpark, Inc., a Nevada
corporation, is in the business of providing advanced software and
controls technology solutions to solve modern energy
challenges. We have a suite of software solutions that
provide end-to-end microgrid energy modeling, energy market
communications, and energy management solutions. 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.
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. 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. Capacity is expected to increase
to over 300 PH/s in mining capacity by early 2021. CleanSpark plans
to apply its technologies with a goal of mining bitcoins at the
lowest energy prices in the United
States. For more information, visit https://ATL-DATA.com
Forward-Looking Statements:
CleanSpark cautions you that statements in this press release
that are not a description of historical facts are forward-looking
statements. These statements are based on CleanSpark's current
beliefs and expectations. The inclusion of forward-looking
statements should not be regarded as a representation by CleanSpark
that any of our plans will be achieved. Actual results may differ
from those set forth in this press release due to the risk and
uncertainties inherent in our business, including, without
limitation: the successful deployment energy solution on the
project, the fitness of our energy software and solutions for this
particular application or market, the expectations of future
revenue growth may not be realized, ongoing demand for our software
products and related services, the impact of global pandemics
(including COVID-19) on the demand for our products and services;
and other risks described in our prior press releases and in our
filings with the Securities and Exchange Commission (SEC),
including under the heading "Risk Factors" in our Annual Report on
Form 10-K and any subsequent filings with the SEC. You are
cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date hereof, and we
undertake no obligation to revise or update this press release to
reflect events or circumstances after the date hereof. All
forward-looking statements are qualified in their entirety by this
cautionary statement, which is made under the safe harbor
provisions of the Private Securities Litigation Reform Act of
1995.
Contact - Investor Relations:
CleanSpark, Inc.
Investor Relations
(801) 244-4405
IR@cleanspark.com
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SOURCE CleanSpark, Inc.