GlobeNewswire Inc | Jan 19, 2021 03:02PM EST

January 19, 2021

Investors can contact the law firm at no cost to learn more about recovering their losses

LOS ANGELES, Jan. 19, 2021 (GLOBE NEWSWIRE) --

The Portnoy Law Firm advises CleanSpark, Inc. ("CleanSpark" or the "Company") (NASDAQ: CLSK) investors that the firm has initiated an investigation into possible securities fraud, and may file a class action on behalf of investors.

Investors are encouraged to contact attorney Lesley F. Portnoy,by phone 310-692-8883 or email: lesley@portnoylaw.com, to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors options for pursuing claims to recover their losses.

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors concerning whether the Company fabricated key elements of its business.

On January 14, 2021, Culper Research published a report titled "Cleanspark (CLSK): Back to the Trash Can," alleging, among other things, that CleanSpark has "fabricated key elements of its business, including purported customers and contracts" and is also "rife with undisclosed related party transactions."

On this news, CleanSpark's shares fell $3.63 per share, or 9.23%, to close at $35.71 per share on January 14, 2021, thereby injuring investors.

Please visit our website to review more information and submit your transaction information.

The Portnoy Law Firm represents investors in pursuing claims against caused by corporate wrongdoing. The Firms founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.

Lesley F. Portnoy, Esq.Admitted CA and NY Barlesley@portnoylaw.com310-692-8883www.portnoylaw.com

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