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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