CleanSpark, Inc. Announces Results of 2026 Annual Meeting of Stockholders

HENDERSON, NV, March 5, 2026 – CleanSpark, Inc. (Nasdaq: CLSK), a leading Bitcoin mining and energy technology company, has released the results of its Annual Meeting of Stockholders held on March 3, 2026. This meeting is significant as it addressed key governance and operational proposals that could have implications for shareholders and the company’s future direction.

Key Highlights from the Annual Meeting

• Broad Shareholder Participation: At the record date of January 29, 2026, there were 255,750,361 shares of common stock (excluding treasury shares) and 1,750,000 shares of Series A Preferred Stock issued and outstanding. Importantly, the holders of Series A Preferred Stock are entitled to vote together with common stockholders, giving them a substantial 78,750,000 votes out of a total of 334,500,361 votes. At the annual meeting, holders representing 228,081,207.58 votes, or approximately 68.19% of total voting power, were present or represented by proxy.
• Board of Directors Election:
  • Matthew Schultz: 32,164,897 votes for; 64,605,933 votes withheld.
  • Roger P. Beynon: 27,604,307.11 votes for; 64,605,933 votes withheld.

  NOTE: Detailed breakdowns of the director elections were not provided for the full board. The results for Mr. Schultz and Mr. Beynon indicate significant withhold votes, which could be seen as a signal of shareholder dissatisfaction with aspects of governance or leadership.

• Ratification of Auditor:
  • Proposal to ratify BDO USA, P.C. as the independent registered public accounting firm for the year ending September 30, 2026, received the following votes:
  • Votes For: 1,008,127.11
  • Votes Against: 1,110,766.80
  • Votes Abstained: 0.00

  This narrow margin and the presence of significant votes against the ratification may reflect concerns among shareholders regarding the audit process or financial reporting. Such sentiment could be interpreted as a warning sign for governance or accounting-related issues, potentially impacting market confidence.

Details on Securities and Trading

• CleanSpark’s Common Stock (par value \$0.001 per share) trades under the ticker CLSK on The Nasdaq Stock Market LLC.
• Redeemable Warrants (each exercisable for 0.069593885 shares of common stock at an exercise price of \$165.24 per whole share) trade under the ticker CLSKW on Nasdaq.

Other Notable Information for Shareholders

• No written communications, soliciting material, or pre-commencement tender offer communications were disclosed as part of this filing, indicating no ongoing merger, acquisition, or other extraordinary transactions at this time.
• CleanSpark is not considered an “emerging growth company” under SEC rules, so it does not qualify for extended transition periods for new or revised financial accounting standards.

Potential Price-Sensitive Issues

• Director Withhold Votes: The substantial number of votes withheld from incumbent directors, particularly Mr. Schultz and Mr. Beynon, may indicate shareholder unrest or a call for changes in governance. Such signals often lead to increased scrutiny and could affect share prices if investors anticipate shifts in leadership or strategic direction.
• Auditor Ratification Vote: The relatively high number of votes against the ratification of BDO USA, P.C. as the auditor may suggest concerns about financial oversight. This could be viewed as a red flag, possibly triggering investor caution until more clarity is provided.

Conclusion

The 2026 Annual Meeting of CleanSpark, Inc. revealed notable shareholder concerns regarding board governance and external audit oversight. While no immediate changes have been announced, the voting patterns may prompt future board or management actions, which are critical for investors to monitor. These developments could have a material impact on CleanSpark’s share price, especially if they result in leadership changes, strategic pivots, or financial restatements.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own due diligence and consult with professional advisors before making investment decisions. The information presented is based on filings and public disclosures by CleanSpark, Inc.

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