On March 20, 2026, CleanSpark, Inc. filed a First Amended and Restated Certificate of Designation of Series A Preferred Stock with the Nevada Secretary of State. This amendment introduces significant changes to the terms of the Series A Preferred Stock. Notably, the quarterly dividend, previously set at 2% of the company's earnings before interest, taxes, and amortization, has been eliminated. Instead, holders of the Series A Preferred will receive a one-time special dividend of $17.14 per share. Furthermore, the voting rights of the Series A Holders have been adjusted, allowing them to vote in accordance with the majority of shares held by directors or officers of the company. In the event of a Change of Control, each share of Series A Preferred will convert into three shares of common stock. These changes were approved by the Board, excluding certain members, and received the necessary approval from the Series A Holders. The company expects to pay the special dividend on or about March 24, 2026.

Press Release distribution

National Press Distribution across U.S. Media. Direct Access to Key Decision Making Editors.