From Investing.com:

Cleanspark, Inc. CEO Zachary Bradford sells 443,000 shares of common stock at an average price of $20.31 per share, totaling approximately $8,997,330 in a recent SEC filing. Despite this sale, Bradford retains a significant stake in the company with over 3 million shares still under his direct and indirect ownership.

The weighted average price suggests varying share prices within the $20.31 range were sold. The reported number of shares Bradford owns post-transaction was adjusted for shares withheld for tax obligations in a previous Form 4 filing. The CEO’s stock sale is closely watched by investors for insights into executive confidence and company performance.

Cleanspark’s market activity remains strong with a market capitalization of $4.11 billion and impressive revenue growth. The company’s quarterly revenue growth in Q1 2024 stands at 165.24%, supporting its revenue management strategy. Despite non-profitability over the last year, Cleanspark’s gross profit margin is healthy at 52.39%, indicating potential future profitability.

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Read more at Investing.com: Cleanspark CEO sells over $8.9 million in company stock By Investing.com