PR Newswire | Feb 16, 2021 04:16PM EST

announces that a securities class action lawsuit has been filed in the United States District Court for the Southern District of New York against purchased CleanSpark, Inc.

02/16 15:15 CST

CleanSpark, Inc. CLASS ACTION Alert: Wolf Haldenstein Adler Freeman & Herz LLP announces that a securities class action lawsuit has been filed in the United States District Court for the Southern District of New York against purchased CleanSpark, Inc.LEAD PLAINTIFF DEADLINE IS MARCH 22, 2021 NEW YORK, Feb. 16, 2021

NEW YORK, Feb. 16, 2021 /PRNewswire/ -- Wolf Haldenstein Adler Freeman & Herz LLP announces that a federal securities class action lawsuit has been filed has been filed in the United States District Court for the Southern District of New York on behalf of investors that purchased CleanSpark, Inc. (NASDAQ: CLSK) securities between December 31, 2020 and January 14, 2021 (the "Class Period").

Allinvestors who purchased sharesofCleanSpark, Inc.andincurred losses are urgedto contact the firm immediately at classmember@whafh.com or (800) 575-0735 or (212) 545-4774. You may obtain additional information concerning the action or join the case on our website, www.whafh.com.

If you have incurred losses in the shares of CleanSpark, Inc. youmay,no later than March 22, 2021,request that the Court appoint you lead plaintiff of the proposed class. Please contact Wolf Haldenstein to learn more about your rights as an investor in the shares of CleanSpark, Inc.

CLICK HERE TO JOIN CASE

CleanSpark provides advanced software and controls technology solutions, including end-to-end microgrid energy modeling, energy market communications, and energy management solutions.

On January 14, 2021, Culper Research published a report alleging, among other things, that CleanSpark has "fabricated key elements of its business, including purported customers and contracts" and that it was "rife with undisclosed related party transactions."

On this news, the Company's share price fell $3.63, or 9%, to close at $35.71 per share on January 14, 2021, thereby damaging investors. The stock continued to decline the next trading session by $4.56, or 13%, to close at $31.15 per share on January 15, 2021.

Wolf Haldenstein has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country. The firm has attorneys in various practice areas; and offices in New York, Chicago and San Diego. The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.

If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact Wolf Haldenstein by telephone at (800) 575-0735, via e-mail at classmember@whafh.com, or visit our website at www.whafh.com.

Contact:

Wolf Haldenstein Adler Freeman & Herz LLP Kevin Cooper, Esq.Gregory Stone, Director of Case and Financial AnalysisEmail: gstone@whafh.com, kcooper@whafh.com or classmember@whafh.comTel: (800) 575-0735 or (212) 545-4774

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

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SOURCE Wolf Haldenstein Adler Freeman & Herz LLP