$CleanSpark, Inc.(CLSK)$ π ±οΈππ »π »π Έππ ·πΊπ Letβs go! I've been HODL πͺ
$CLSK BACK OPEN afterβ¦
Source: Investing.com 08Nov24
LAS VEGAS - CleanSpark , Inc. (NASDAQ:CLSK), a company specializing in bitcoin mining and data center operations, today clarified the recent trading halt of its stock and warrants on the Nasdaq. The halt, which occurred earlier this week, was due to a clerical error in the calculation of outstanding warrants and the number of shares they represent, rather than any underlying issues with the company's business or financials.
The error originated from the conversion of warrants issued by GRIID Infrastructure, Inc., which became CleanSpark warrants following CleanSpark's acquisition of GRIID on October 30, 2024. The warrants were supposed to be adjusted to reflect the merger exchange ratio, but incorrect documentation, including the listing application filed with Nasdaq, led to the miscalculation.
As a result of the error, the 13,800,000 outstanding warrants were inaccurately represented, when they should have been adjusted to purchase a total of 960,395 shares of CleanSpark's common stock at an exercise price of $165.24 per full share. CleanSpark has communicated with Nasdaq representatives to correct the mistake and is working to resume trading of its common stock and warrants as soon as possible.
This incident does not affect CleanSpark's operations, SEC filings, financial statements, or securities. The company continues to focus on its core business of running low-carbon power data centers that support bitcoin mining. CleanSpark prides itself on cultivating trust and transparency in its operations and among the communities where it operates.
The information in this article is based on a press release statement from CleanSpark, Inc.
BITCOIN TOPS $84,000, A FRESH ALL-TIME HIGH, LAST AT $83,987
ETHER HITS HIGHEST SINCE LATE JULY VS DOLLAR, LAST AT $3,254
BREAKING: Prediction markets are now pricing in a 38% chance that we will see #Bitcoin to $100,000+ THIS YEAR.
Since the election, the odds of Bitcoin hitting $100,000 in 2024 have skyrocketed from 8% to 38%, according to @Kalshi.
There is also a 49% chance of Bitcoin hitting $90,000+ by the end of this year.
Bitcoin has never been stronger πͺπͺπͺ
Happy trading ahead! Cheers BC πππ
@Tiger_comments @TigerPicks @Daily_Discussion @TigerWire @TigerStars @TigerObserver @TigerPM @TigerGPT
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Based on the available information, the recent movement in CleanSpark, Inc. (CLSK) stock can be attributed to the following factors:
"Trump deal" carnival: There was news regarding the interpretation of changes in the US President, which triggered a "Trump deal" carnival and had a positive impact on CleanSpark's stock. You can find more information in the related article here.
Intraday movements: CleanSpark, Inc. experienced a 5.00% jump in intraday movements, reaching a price of $13.64. This movement may have attracted attention from traders and investors. For more details, you can refer to the article here.
Other stock moves: CleanSpark, Inc. was mentioned in articles related to US stock movements, such as Ralph-Lauren, CoreCivic, and WK Kellogg. These mentions might have contributed to increased market focus on CleanSpark. You can find more information in the article here and here.
Bitcoin's impact: Bitcoin's rising price might have a positive effect on CleanSpark, as the company specializes in bitcoin mining and data center operations. The article mentions a prediction of a 38% chance of Bitcoin reaching $100,000+ this year, which could have further boosted CleanSpark's stock. You can find more details in the article here.
It's important to note that these factors are based on available news and market observations and may not fully capture all influences on the stock's movement. Additionally, stock movements can be influenced by various factors, including market sentiment and overall market conditions.
Please note that the movement in the stock price is also influenced by stock capital flow. In the past day, CleanSpark, Inc. had a total inflow of $170 million and a total outflow of $156 million. The capital flow indicates the net amount of money flowing into or out of the stock, which can have an impact on the stock's price.
Remember that stock movements are complex and can be affected by multiple factors. It's always recommended to conduct thorough research, analysis, and consultation with a financial advisor before making any investment decisions.
Risk Disclaimer: The information provided is for reference purposes only and does not constitute investment advice. Investment in stocks involves risks, including the possible loss of principal amount invested.
Great article, would you like to share it?
Great article, would you like to share it?