On July 3, 2024, CleanSpark, Inc., a Nevada-based company listed on the Nasdaq Stock Market under the trading symbol CLSK, announced a significant change in its financial oversight. The Audit Committee of the Board of Directors approved the engagement of BDO USA, P.C. as the new independent registered public accounting firm to audit the company's consolidated financial statements. This decision resulted in the dismissal of the previous auditor, MaloneBailey, LLP, effective immediately. MaloneBailey's past reports on CleanSpark's financial statements did not contain any adverse opinions or disclaimers and were not qualified or modified in terms of audit scope or accounting principles. The change follows a previously reported material weakness in the company's internal control over financial...Show More

On July 3, 2024, CleanSpark, Inc., a Nevada-based company listed on the Nasdaq Stock Market under the trading symbol CLSK, announced a significant change in its financial oversight. The Audit Committee of the Board of Directors approved the engagement of BDO USA, P.C. as the new independent registered public accounting firm to audit the company's consolidated financial statements. This decision resulted in the dismissal of the previous auditor, MaloneBailey, LLP, effective immediately. MaloneBailey's past reports on CleanSpark's financial statements did not contain any adverse opinions or disclaimers and were not qualified or modified in terms of audit scope or accounting principles. The change follows a previously reported material weakness in the company's internal control over financial reporting, specifically related to general IT controls over third-party information systems, as disclosed in CleanSpark's Annual Report for the fiscal year ended September 30, 2023. CleanSpark has provided MaloneBailey with the disclosures made in this report and has requested a letter from MaloneBailey to the SEC to confirm their agreement with the company's statements or to provide any differing opinions.