NEW YORK, March 01, 2021 (GLOBE NEWSWIRE) -- Pawar Law Group announces a class action lawsuit on behalf of shareholders who purchased shares of CleanSpark, Inc. (NASDAQ: CLSK) from December 31, 2020 through January 14, 2021, inclusive (the “Class Period”). The lawsuit seeks to recover damages for CleanSpark, Inc. investors under the federal securities laws.
Cleanspark Analysis
- CleanSpark, Inc. Provides energy software and control technology solutions worldwide. It offers distributed energy systems that allow customers to design, engineer, communicate, and manage.
- CleanSpark Provides Bitcoin Mining Operation Update. SALT LAKE CITY, Jan. 05, 2021 (GLOBE NEWSWIRE) - SALT LAKE CITY, January 5, 2020 - CleanSpark, Inc. (Nasdaq: CLSK), (“CleanSpark, or the.
To join the class action, go here or call Vik Pawar, Esq. toll-free at 888-589-9804 or email info@pawarlawgroup.com for information on the class action.
According to the lawsuit, defendants made false and/or misleading statements and/or failed to disclose that: the Company had overstated its customer and contract figures; several of the Company’s recent acquisitions involved undisclosed related party transactions; and as a result of the foregoing, defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.
2 Wall Street analysts have issued ratings and price targets for CleanSpark in the last 12 months. Their average twelve-month price target is $47.50, predicting that the stock has a possible upside of 170.35%. The high price target for CLSK is $50.00 and the low price target for CLSK is $45.00. CleanSpark Purchases 22,680 Additional Bitcoin Miners and Anticipates 3.2 EH/s Capacity After Deployment. CleanSpark, Inc. (Nasdaq: CLSK) (the 'Company' or 'CleanSpark'), a diversified software.
If you wish to serve as lead plaintiff, you must move the Court no later than March 22, 2021. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
No class has been certified. Until a class is certified, you are not represented by counsel unless you hire one. You may hire counsel of your choice. You may also do nothing at this time and be an absent member of the class. Your ability to share in any future recovery is not dependent upon being a lead plaintiff.
Pawar Law Group represents investors from around the world. Attorney advertising. Prior results do not guarantee or predict a similar outcome with respect to any future matter.
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Investor Relations
CleanSpark seeks to enhance shareholder value not only through exceptional business performance and practices, but also through responsible and effective communication with its shareholders. The latest company information relevant to the individual and institutional investor includes stock price and history, upcoming events and presentations and financial documents. CleanSpark is traded on Nasdaq under the ticker symbol CLSK.
Overview
As the global economy faces an aging electric utility grid, the power sector seeks more efficient and reliable alternatives to producing and storing energy. A growing number of renewable energy sources and advancements in technology are driving steady investment into solutions such as microgrids and their applications. Defense installations, industrial complexes, communities, and campuses across the world are turning to virtual power plants and microgrids as a means to decrease their reliance from the grid, utilize cleaner power, and enhance energy security and surety.
Market Opportunity
The global market for microgrids is rapidly expanding. According to Navigant Research, the Global Market for Microgrids is expected to experience a 28% Compound Annual Growth Rate from 2020-2029 nearing $40 billion.
Why CleanSpark?
Clsk Stock Forecast
- Rapidly increasing revenues with capital on hand to reach profitability
- Leading-edge technology
- Proven track record of successful software installations
- Top 10 ranking and strong reputation in the industry
- Strategic alliances with key market participants
To view previous and upcoming investor events/webinars, visit our Events Page.
Click HERE to view our IBM Case Study: CleanSpark Optimized microgrids deliver a smarter approach to energy delivery
Investor Relations Presentation
You are about to review presentations, reports and/or filings of Cleanspark that contain time-sensitive information. The information contained therein is only accurate as of the date thereof. Cleanspark will not be reviewing or updating the material that is contained in these items after the date thereof. The information contained therein may be updated, amended, supplemented or otherwise altered by subsequent presentations, reports and/or filings by Cleanspark.