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CleanSpark Announces Launch of Underwritten Public Offering

CleanSpark, Inc., a diversified software, services, and bitcoin mining company, announced that it 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.

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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.

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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, which became effective upon filing.  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.  Copies of the preliminary prospectus supplement and accompanying prospectus relating to the proposed offering, when available, may be obtained from H.C. Wainwright & Co., LLC, 430 Park Avenue, New York, NY 10022, by email at placements@hcwco.com or by phone at (646) 975-6996.  

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