CleanSpark Faces Class Action Lawsuit Over Alleged Misstatements

According to PANews, a federal court in the Southern District of New York has ruled that investors of CleanSpark Inc. can proceed with a class action lawsuit against the company. The lawsuit alleges that CleanSpark made false statements during its transition from clean energy to Bitcoin mining. The court dismissed CleanSpark's argument that individual issues should take precedence over common ones and found that the company's defense regarding investor reliance does not apply at the class certification stage. The court also recognized Darshan Hasthantra as a representative for the plaintiffs.