Coolpad Seeks Approval to Offload Stake in Bitcoin Miner CLSK; Shares Jump 6%

MT Newswires Live

2025/05/23

Coolpad (HKG:2369) will seek shareholder approval to sell up to 1.63 million shares in Nasdaq-listed bitcoin miner CleanSpark (CLSK), according to a Thursday filing with the Hong Kong bourse.

The proposed mandate would allow open-market sales over 12 months, with a minimum price of $15.93 per share.

Shares of the smartphone manufacturer were up almost 6% in afternoon trade on Friday.

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