CleanSpark Terminates Material Definitive Agreement
Ticker: CLSKW · Form: 8-K · Filed: Oct 4, 2024 · CIK: 827876
| Field | Detail |
|---|---|
| Company | Cleanspark, Inc. (CLSKW) |
| Form Type | 8-K |
| Filed Date | Oct 4, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: agreement-termination, material-event
Related Tickers: CLSK
TL;DR
CLSK terminated a big deal, details scarce.
AI Summary
On October 1, 2024, CleanSpark, Inc. reported the termination of a material definitive agreement. The filing does not specify the other party involved or the nature of the agreement, but it marks a significant event for the company.
Why It Matters
The termination of a material definitive agreement can impact a company's operations, financial standing, and future strategic direction.
Risk Assessment
Risk Level: medium — The termination of a material definitive agreement introduces uncertainty regarding the company's business relationships and future plans.
Key Players & Entities
- CleanSpark, Inc. (company) — Registrant
- October 01, 2024 (date) — Date of earliest event reported
- Nevada (jurisdiction) — State of incorporation
- 001-39187 (other) — Commission File Number
- 87-0449945 (other) — IRS Employer Identification No.
- 10624 S. Eastern Ave. Suite A - 638 (address) — Principal Executive Offices
- Henderson (location) — City of Principal Executive Offices
- 89052 (zip_code) — Zip Code of Principal Executive Offices
- (702) 989-7692 (phone_number) — Registrant's Telephone Number
FAQ
What was the nature of the material definitive agreement that was terminated?
The filing does not specify the nature of the material definitive agreement that was terminated.
Who was the other party to the terminated agreement?
The filing does not disclose the identity of the other party to the terminated agreement.
What is the effective date of the termination?
The earliest event reported is October 01, 2024, which is the date of the report and likely the effective date of the termination.
Does this termination have any immediate financial implications for CleanSpark, Inc.?
The filing does not provide details on the immediate financial implications of the agreement's termination.
Are there any other material events reported by CleanSpark, Inc. on October 4, 2024?
This 8-K filing specifically reports the termination of a material definitive agreement as the primary event.
Filing Stats: 464 words · 2 min read · ~2 pages · Grade level 11.7 · Accepted 2024-10-04 17:19:58
Key Financial Figures
- $0.001 — ch registered Common Stock, par value $0.001 per share CLSK The Nasdaq Stock Mar
Filing Documents
- clsk-20241001.htm (8-K) — 37KB
- 0000950170-24-112976.txt ( ) — 147KB
- clsk-20241001.xsd (EX-101.SCH) — 24KB
- clsk-20241001_htm.xml (XML) — 5KB
02 Termination of a Material Definitive Agreement
Item 1.02 Termination of a Material Definitive Agreement. On October 1, 2024, CleanSpark, Inc., a Nevada corporation (the "Company"), and Coinmint, LLC mutually agreed to non-renewal of the Colocation Mining Services Agreement dated July 1, 2021, as amended on March 17, 2022, and May 25, 2023 (collectively, the "Agreement"). Under the Agreement, Coinmint, LLC provided colocation services for the Company's bitcoin mining equipment at Coinmint, LLC's facility in Massena, New York for up to 50 MW of electric power to run Company bitcoin miners. The Agreement is scheduled to expire on January 1, 2025.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 104 Cover Page Interactive Data File (embedded within the Incline 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: October 4, 2024 By: /s/ Leighton Koehler Name: Leighton Koehler Title: General Counsel