CleanSpark, Inc. (NASDAQ:CLSK) Holds Key Position in Arizona State Retirement System's Portfolio

Arizona State Retirement System Has $676,000 Stake in CleanSpark Inc. (NASDAQ:CLSK)

March 15, 2023 - The Arizona State Retirement System (ASRS) has a significant stake in CleanSpark Inc. (NASDAQ:CLSK), a leading provider of blockchain-based energy solutions. According to the latest filings, ASRS holds a substantial position in the company, with a stake valued at approximately $676,000.

CleanSpark Inc. is a cutting-edge company that is revolutionizing the energy industry with its innovative blockchain-based solutions. The company's flagship product, the CleanSpark CS-45, is a highly efficient and scalable blockchain-based energy storage system that is designed to provide reliable and cost-effective energy solutions for homes, businesses, and communities.

The Arizona State Retirement System's significant stake in CleanSpark Inc. is a testament to the company's growing potential and the retirement system's commitment to investing in innovative and high-growth companies. The ASRS is a large public pension system that manages over $13 billion in assets and is responsible for providing retirement benefits to over 800,000 active and retired public employees in the state of Arizona.

CleanSpark Inc.'s stock has been on a tear in recent months, with shares up over 100% in the past year. The company's strong financials, innovative technology, and growing demand for its products have all contributed to its impressive growth. The ASRS's significant stake in the company is a vote of confidence in CleanSpark Inc.'s future prospects and a sign that the retirement system is committed to supporting innovative companies that are shaping the future of energy and technology.

In conclusion, the Arizona State Retirement System's significant stake in CleanSpark Inc. is a significant development that highlights the company's growing potential and the retirement system's commitment to investing in innovative and high-growth companies. With a stake valued at approximately $676,000, the ASRS is a major shareholder in CleanSpark Inc. and will likely be closely watching the company's progress in the coming months.