Summary by Moomoo AI
CleanSpark, Inc., a Nevada-based bitcoin mining company, has announced an at-the-market offering agreement with H.C. Wainwright & Co., LLC to sell shares of common stock with an aggregate offering price of up to $500,000,000. The shares will be sold on the Nasdaq Capital Market under the ticker symbol 'CLSK'. The offering will be made through 'at the market' equity offerings as defined by Rule 415 of the Securities Act of 1933. CleanSpark intends to use the net proceeds for growth initiatives, capital expenditures, acquisitions, and general corporate purposes. The company has stated that there are no current arrangements or agreements for acquisitions. The sales agreement allows for sales at market prices and is not bound by a minimum offering amount. CleanSpark has granted H.C. Wainwright & Co., LLC a commission of up to 3.0% of the gross proceeds for each sale of common stock.