1) We are short CleanSpark $CLSK. Our full report is now available at

2) CleanSpark $CLSK claims to be a clean energy software company which is "changing the face of energy markets globally." We think CleanSpark has habitually lied about its supposed customers and contracts, many of which we've found simply do not exist.

3) In August, $CLSK claimed "project deployments to be executed as part their exclusive [ILAL] agreement" to install microgrids for 252 homes in Valle Divino, Mexico. We visited Valle Divino and found an empty wasteland, emblematic of CleanSpark's promises to investors.

4) Similarly in January 2020, $CLSK touted a contract with Shoreline Schools, which analysts now estimate could lead to $3M in revenues. We simply asked Shoreline, whose rep told us that the plans contemplate just $300,000 worth of revenue, a mere 10% of these claims.

5) This is nothing new; $CLSK once claimed to have "designed a best in class microgrid solution" for Green Dragon, a cannabis operator. We again reached out to Green Dragon who told us, point blank, that no business was ever done and $CLSK fabricated it. We include those emails.