CleanSpark intends to use the net proceeds from the offering for infrastructure expansion, the acquisition of additional cryptocurrency miners and further development of its mVoult product lines
United States, March 16, 2021 /AlexaBlockchain/ – CleanSpark, Inc. (Nasdaq: CLSK), a diversified software, services, and bitcoin mining company, has commenced an underwritten public offering of shares of its common stock.
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.
CleanSpark stated that it 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.
H.C. Wainwright & Co. is acting as the sole book-running manager for the offering.