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CleanSpark | 8-K: Current report

SEC announcement ·  May 10 03:50
Summary by Futu AI
CleanSpark, Inc., a Nevada-based company listed on the Nasdaq Stock Market under the symbol CLSK, filed a Form 8-K with the SEC on May 8, 2024, announcing significant executive appointments. Scott Garrison was appointed as the new Chief Operating Officer, and Taylor Monnig as the new Chief Technology Officer, effective May 7, 2024. Garrison, who has been with CleanSpark since November 2020, previously served as Senior Vice President of Growth and has been instrumental in the construction and launch of the company's data centers. Monnig, who joined the company in August 2022 as Senior Vice President of Mining Technology, has played a key role in the development of miner performance. Both executives have entered into employment agreements with CleanSpark, which include an annual base...Show More
CleanSpark, Inc., a Nevada-based company listed on the Nasdaq Stock Market under the symbol CLSK, filed a Form 8-K with the SEC on May 8, 2024, announcing significant executive appointments. Scott Garrison was appointed as the new Chief Operating Officer, and Taylor Monnig as the new Chief Technology Officer, effective May 7, 2024. Garrison, who has been with CleanSpark since November 2020, previously served as Senior Vice President of Growth and has been instrumental in the construction and launch of the company's data centers. Monnig, who joined the company in August 2022 as Senior Vice President of Mining Technology, has played a key role in the development of miner performance. Both executives have entered into employment agreements with CleanSpark, which include an annual base salary of $335,000, potential annual discretionary cash bonuses, and 100,000 restricted stock units with a vesting schedule. The agreements also outline severance terms and conditions for termination. The announcement of these appointments was also made via a press release on May 8, 2024. CleanSpark emphasized the importance of these leadership roles in driving the company's growth and operational excellence, particularly in its expansion to 50 EH/s in the bitcoin mining industry.

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