Bitcoin miner Cleanpark plans to sell up to $800 million in stocks, causing a 10% drop in stock price

Bitcoin miner Cleanpark plans to sell up to $800 million in stocks, causing the company's stock price to plummet by 10% in post market trading. Considering its market value of $4.2 billion, this decision will dilute CLSK's stock price by 19%. In the document submitted to the US Securities and Exchange Commission on March 28th, it was disclosed that H C. The issuance agreement reached by Wainwright&Co, which was adjusted from an initial $500 million to $800 million, aims to obtain more funds.