CleanSpark Inc (NASDAQ:CLSK) announced plans on Monday for an underwritten public offering of shares to support infrastructure expansion and the acquisition of additional cryptocurrency miners.
In a statement Monday, the Salt Lake City-based company said that the offering is subject to market and other conditions, and therefore no assurances are made as to whether or when the offering may be completed, or as to the actual size or terms of the offering.
Proceeds from the offering will also be used to further development of its mVoult product lines, as well as acquisitions or strategic investments in complimentary businesses, products, services, or technologies.
READ: CleanSpark purchases an additional 1,150 Bitcoin mining rigs, targets 1.3 PH/s by summer's end
HC Wainwright & Co is acting as the sole book-running manager for the offering.
CleanSpark has a suite of software solutions that provide end-to-end microgrid energy modeling, energy market communications, and energy management solutions. The company and its subsidiaries also own and operate a fleet of Bitcoin miners at its facility outside of Atlanta.
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