CleanSpark Appoints New Auditor

TL;DR

CleanSpark just switched auditors from BDO USA to Armanino LLP.

AI Summary

On July 3, 2024, CleanSpark, Inc. filed an 8-K to report a change in its certifying accountant. The company dismissed BDO USA, P.A. as its independent registered public accounting firm and has appointed Armanino LLP as its new independent registered public accounting firm, effective immediately.

Why It Matters

A change in auditors can sometimes signal underlying issues or a desire for a fresh perspective on financial reporting, which investors will monitor closely.

Risk Assessment

Risk Level: medium — A change in auditor, especially without explicit reasons provided, can introduce uncertainty about the company's financial reporting and internal controls.

Key Players & Entities

• CleanSpark, Inc. (company) — Registrant
• BDO USA, P.A. (company) — Former Certifying Accountant
• Armanino LLP (company) — New Certifying Accountant
• July 03, 2024 (date) — Date of Report

FAQ

Key Financial Figures

• $0.001 — ch registered Common Stock, par value $0.001 per share CLSK The Nasdaq Stock Mar

Filing Documents

• clsk-20240703.htm (8-K) — 42KB
• clsk-ex16_1.htm (EX-16.1) — 4KB
• img39304585_0.jpg (GRAPHIC) — 9KB
• img39304585_1.jpg (GRAPHIC) — 6KB
• 0000950170-24-081635.txt ( ) — 178KB
• clsk-20240703.xsd (EX-101.SCH) — 24KB
• clsk-20240703_htm.xml (XML) — 5KB

01 Changes in Registrant's Certifying Accountant

Item 4.01 Changes in Registrant's Certifying Accountant. On July 3, 2024, the Audit Committee of the Board of Directors of CleanSpark, Inc. (the "Company") approved the engagement of BDO USA, P.C. ("BDO") as the Company's independent registered public accounting firm to audit the Company's consolidated financial statements effective immediately. Accordingly, MaloneBailey, LLP ("MaloneBailey"), the Company's prior independent registered public accounting firm, was informed on July 3, 2024 that it was dismissed and replaced by BDO as the Company's independent registered public accounting firm. MaloneBailey's report on the Company's consolidated balance sheets as of September 30, 2023 and 2022 and the related consolidated statements of operations and comprehensive loss, stockholders' equity, and cash flow for each of the fiscal years then ended, and the related notes to such consolidated financial statements (collectively, the "Company financial statements"), did not contain any adverse opinion or disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope or accounting principles. During the fiscal years ended September 30, 2023 and September 30, 2022, and the subsequent interim period through July 3, 2024, there were no: (i) disagreements with MaloneBailey on any matter of accounting principles or practices, financial statement disclosures or audit scope or procedures, which disagreements if not resolved to MaloneBailey's satisfaction would have caused MaloneBailey to make reference to the subject matter of the disagreement in connection with its report or (ii) reportable events as defined in Item 304(a)(1)(v) of Regulation S-K, except for the material weakness in the Company's internal control over financial reporting related to the Company's general information technology controls over third-party information systems and applications that are relevant to the preparation of the Company's financial statements, as described in the C

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Exhibit No. 16.1 Letter from MaloneBailey, LLP, dated July 3, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. CleanSpark, Inc. Date: July 3, 2024 By: /s/ Gary A. Vecchiarelli Name: Gary A. Vecchiarelli Title: Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR