Bitcoin miner Cleanspark’s stock plunged 10% in after-hours trading after revising its at-the-market (ATM) offering agreement to sell up to $800 million of its stock, a decision that would dilute CLSK shares by 19%, given its $4.2 billion market capitalization. The adjustment from an initial $500 million to $800 million offering with H.C. Wainwright & […]
Cleanspark's Stock Tumbles 10% After Plans to Sell $800 Million in Shares
Bitcoin.com - 29 Mar 2024 06:52
Bitcoin miner Cleanspark’s stock plunged 10% in after-hours trading after revising its at-the-market (ATM) offering agreement to sell up to $800 million of its stock, a decision that would dilute CLSK shares by 19%, given its $4.2 billion market capitalization. The adjustment from an initial $500 million to $800 million offering with H.C. Wainwright & […]
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