CleanSpark Stock Rises as Management Responds to Short Report
Shares of CleanSpark (NASDAQ: CLSK) started rising late yesterday and continued rising Friday morning after management issued a press release in response to a short report from Culper Research. Management refuted the claims of the report and hinted at legal action, which was encouraging to shareholders. As of 11 a.m. EST, CleanSpark stock was up only about 5%, but it had been up 10% earlier in the session.
The short report was published on Jan. 14, and since then CleanSpark stock has fallen roughly 25%. Out of respect for Culper Research, anyone interested in the content of its short report should access it on its website. But suffice it to say the report raises concerns about CleanSpark's management's integrity in reporting on its microgrid technology and bitcoin-mining operations.
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Source Fool.com
