NasdaqCM:CLSKSoftware
CleanSpark Reshapes Capital Allocation With Texas Expansion And One Off Dividend
CleanSpark (NasdaqCM: CLSK) has amended its Series A Preferred Stock, replacing recurring quarterly dividends with a one-time special dividend payout.
The company has also completed the acquisition of a 300 MW Bitcoin mining campus in Texas.
These changes affect both the income profile of preferred shareholders and the scale of CleanSpark's mining footprint.
CleanSpark, trading at $8.79, has had mixed share performance, with a 1-year return of 18.6%, a 23.9% decline year to date, and a...