CleanSpark(CLSK) Prnewswire·2024-11-08 15:01Core Viewpoint - CleanSpark, Inc. has clarified that the recent trading halt imposed by Nasdaq is not related to any issues with its business operations, financial statements, or SEC filings [1]. Group 1: Trading Halt and Warrant Issue - The trading halt was triggered by an error in the calculation of outstanding warrants and the shares underlying those warrants, which were originally issued by GRIID Infrastructure, Inc. and converted during CleanSpark's acquisition of GRIID on October 30, 2024 [2]. - The outstanding 13,800,000 warrants are intended to represent the right to purchase a total of 960,395 shares of CleanSpark's common stock at an exercise price of $165.24 per share, but the exchange ratio was incorrectly applied in some documentation [2][3]. - CleanSpark is actively working with Nasdaq to resolve the warrant calculation issue and to resume trading of its common stock and warrants [3]. Group 2: Company Overview - CleanSpark is recognized as America's Bitcoin Miner® and operates multiple data centers primarily powered by low-carbon energy [4]. - The company emphasizes its commitment to trust and transparency within its operations and the communities it serves [4].