Kaskela Law LLC Announces Shareholder Class Action Lawsuit Against CleanSpark, Inc. (CLSK) and Encourages CLSK Stockholders to Contact the Firm

PHILADELPHIA, March 21, 2021 (GLOBE NEWSWIRE) – Kaskela Law LLC announced that a class action lawsuit against CleanSpark, Inc. (“CleanSpark” or the “Company”) (NASDAQ: CLSK) was filed on behalf of investors between Jan. Purchased shares of common stock in the Company on December 10, 2020 and January 14, 2021 (the “Class Period”).

According to the complaint, CleanSpark failed to disclose to investors during the class period: (i) that the company overestimated its customer and contract numbers; (ii) that several of the Company’s recent acquisitions involved undisclosed related party transactions; and (iii) as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations and prospects were materially misleading and / or unfounded.

On January 14, 2021, Culper Research published a report entitled “Cleanspark (CLSK): Back To The Trash Can” which claims, among other things, that CleanSpark invented “key elements of its business, including alleged customers and contracts” also “widely used.” unspecified related party transactions. ” According to that report, the company’s shares fell $ 8.19 per share, or over 20% of value, to close at $ 31.15 per share on January 15, 2021.

CleanSpark shareholders who have bought or acquired shares in the company before January 14, 2020 We encourage you to contact Kaskela Law LLC (D. Seamus Kaskela, Esq.) At (484) 258-1585 or email at skaskela@kaskelalaw.com or online at https://kaskelalaw.com/case/cleanspark/to discuss this action and its legal rights and options.

Kaskela Law LLC represents investors in the areas of securities fraud, corporate governance, and merger and acquisition disputes. For more information on Kaskela Law LLC, please visit www.kaskelalaw.com.

CONTACT:

D. Seamus Kaskela, Esq.
KASKELA LAW LLC
18 Campus Blvd., Suite 100
Newtown Square, PA 19073
(484) 258-1585
(888) 715-1740
www.kaskelalaw.com
skaskela@kaskelalaw.com

This announcement may constitute a solicitation of a lawyer in certain jurisdictions.

Comments are closed.