SAN FRANCISCO, January 15, 2021 / PRNewswire / – Hagens Berman urges CleanSpark, Inc. (NASDAQ: CLSK) investors to file their losses now. The company is investigating potential securities fraud and certain investors may have valuable claims. The firm also encourages individuals with information that may be of use in the investigation to contact their attorneys.
Contact an attorney now: [email protected]
Investigation by CleanSpark, Inc. (CLSK):
The investigation concerns whether the company has misrepresented its business and prospects.
CleanSpark recently applied as a Bitcoin mining company, offering advanced software and control technology solutions to solve modern energy problems.
These claims came into question on January 14, 2021When Culper Research called CleanSpark shares “non-investable” in a scathing report titled “Cleanspark: Back to the Trash Can”.
According to Culper’s analysis on the acquisition of ATL data centers in December 2020“CleanSpark” simply renamed an otherwise failed podunk operation in the service of a blatant publicity effort, “and” Cleanspark’s obvious lies and omissions aside, we believe investors who buy the stock for the company’s mining capabilities are paying Porsche 911 prices for it which amounts to a broken Toyota Corolla. “
In addition, Culper accused CleanSpark of habitually establishing and overrating claimed customers and contracts. According to Culper, the company visited a site for the deployment of a microgrid project where the company claims it will provide power solutions to over 400 residential resort properties and saw “zero construction, just empty desert, representative of the company’s many empty promises”.
“We’re focusing on investor losses and whether CleanSpark and certain insiders have tricked investors with a fraudulent stock promotion program,” he said Reed Kathrein, the Hagens Berman partner who led the investigation.
If you are a CleanSpark investor, click here to discuss your statutory rights with Hagens Berman.
Whistleblowers: Individuals with nonpublic information about CleanSpark should consider their options to help with the investigation or to use the SEC whistleblower program. Under the new program, whistleblowers who provide original information can receive rewards of up to 30 percent for each successful SEC recovery. Please call for more information Reed Kathrein at 844-916-0895 or by email [email protected].
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SOURCE Hagens Berman Sobol Shapiro LLP