CleanSpark Enters Into Definitive Merger Agreement to Acquire GRIID Infrastructure For $155M; Enters Exclusive Hosting Agreement For All Currently Available Power

6/27/24 9:02:20 AM ET

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As a result of the transaction Cleanspark expects to add over 400 MW in Tennessee over the next 2 years

CleanSpark's total announced, planned, and owned capacity now sits at over 1 GW of premium infrastructure in support of America's rapidly advancing technological environment

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Recent Analyst Ratings for
$CLSK
$GRDI

Company	Date	Price Target	Rating	Analyst
CleanSpark Inc. $CLSK	9/25/2024	$20.00	Outperform	Macquarie
CleanSpark Inc. $CLSK	12/8/2023	$9.00 → $8.00	Overweight → Neutral	JP Morgan
CleanSpark Inc. $CLSK	10/31/2023	$5.30	Outperform	Bernstein
CleanSpark Inc. $CLSK	10/11/2023	$5.50	Overweight	JP Morgan
CleanSpark Inc. $CLSK	12/9/2022	$5.00	Overweight	Cantor Fitzgerald
CleanSpark Inc. $CLSK	7/26/2022	$6.00	Buy	H.C. Wainwright
CleanSpark Inc. $CLSK	6/3/2022	$12.00	Buy	Chardan Capital Markets
CleanSpark Inc. $CLSK	12/22/2021	$16.00	Buy	H.C. Wainwright

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CleanSpark Acquires Two Additional Sites in Mississippi and Closes Second Site in Wyoming
LAS VEGAS, Sept. 17, 2024 /PRNewswire/ -- CleanSpark Inc. (NASDAQ:CLSK), America's Bitcoin Miner® (the "Company") today announced it has acquired two Bitcoin mining sites and associated land near Clinton, Mississippi, and closed on its second site in Wyoming. The Mississippi acquisitions have a combined purchase price of $5.775 million and will support a total of 16.5 MW. The sites are currently partially complete and the purchase price includes the cost to complete construction of the site infrastructure. The site will be delivered to the Company turnkey ready with an expecte
9/17/24 9:00:00 AM ET
$CLSK
Finance: Consumer Services
Finance
CleanSpark Reports Third Quarter FY2024 Financial Results
FY2024 Third Quarter Revenue of $104.1 million, net loss of ($236.2) million and Adjusted EBITDA of ($12.7) million Revenue grows 129% year over year Current hashrate surpasses 22 EH/s Partners with Coinbase on $50 million line of credit LAS VEGAS, Aug. 9, 2024 /PRNewswire/ -- CleanSpark, Inc. (NASDAQ:CLSK) (the "Company"), America's Bitcoin Miner®, today reported financial results for the three months ended June 30, 2024. "We had a tremendous quarter with a 24% increase in hashrate during the quarter and an 21% increase in efficiency year to date. We are also executing on
8/9/24 4:25:00 PM ET
$CLSK
Finance: Consumer Services
Finance
CleanSpark Announces New Date and Time of Third Quarter 2024 Financial Results Webcast
LAS VEGAS, Aug. 9, 2024 /PRNewswire/ -- CleanSpark Inc. (NASDAQ:CLSK), America's Bitcoin Miner® announced the new date and time for its fiscal third quarter 2024 financial results, now scheduled for today, August 9, 2024, at 4:30 PM ET / 1:30 PM PT. Webcast Information: To view the webcast, please click here. Conference Call Information:North America Toll-Free: (888) 330-2137International Toll: +1 (646) 960-0143Conference ID: 1382915 Downloadable files, including transcripts, will be available on the company website 48 hours after the event. About CleanSpark CleanSpark (NASDA
8/9/24 9:00:00 AM ET
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Finance: Consumer Services
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CleanSpark Releases October 2024 Bitcoin Mining Update
Mines 655 bitcoin, a 32% increase from the prior month Completes acquisition of GRIID Infrastructure Inc. LAS VEGAS, Nov. 4, 2024 /PRNewswire/ -- CleanSpark Inc. (NASDAQ:CLSK), America's Bitcoin Miner® (the "Company"), today released its unaudited bitcoin mining and operations update for the month ending October 31, 2024. "October was another remarkable operational month in the books for CleanSpark. We also finalized the acquisition of GRIID Infrastructure Inc., adding more talented people to our team and a pipeline powered by the Tennessee Valley Authority (TVA) that we expec
11/4/24 9:00:00 AM ET
$CLSK
Finance: Consumer Services
Finance
CleanSpark Completes Acquisition of GRIID Infrastructure Inc.
Action comes following approval of merger by GRIID shareholders in October 28th vote CleanSpark expects to grow to over 400 MW of mining capacity in Tennessee LAS VEGAS, Oct. 31, 2024 /PRNewswire/ -- CleanSpark, Inc. (NASDAQ:CLSK), America's Bitcoin Miner® (the "Company"), announced today the completed acquisition of GRIID Infrastructure Inc. (NASDAQ:GRDI)("GRIID") on October 30, 2024, following approval of the transaction by stockholders of GRIID at the special meeting of its stockholders on October 28, 2024. "I'm pleased to announce the completion of our acquisition of GRII
10/31/24 7:30:00 AM ET
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Finance: Consumer Services
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CleanSpark Achieves 30 EH/s
Expects to continue growth to 50 EH/s in 2025 LAS VEGAS, Oct. 10, 2024 /PRNewswire/ -- CleanSpark Inc. (NASDAQ:CLSK), America's Bitcoin Miner® (the "Company"), today announced it has achieved 30 EH/s (exahashes per second) in operational hashrate. The Company's hashrate has surged 200% since October 2023 through significant organic growth paired with turn-key acquisitions and the execution of a fleet upgrade, improving efficiency during the same period by nearly 20% and boosting the number of operational machines by 112%. The efficiency improvement strategy has resulted in inc
10/10/24 6:00:00 AM ET
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Finance: Consumer Services
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Leadership Updates

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CleanSpark Names Chief Accounting Officer
Brian Carson was promoted from his previous role, director of financial reporting LAS VEGAS, Oct. 7, 2024 /PRNewswire/ -- CleanSpark Inc. (NASDAQ:CLSK), America's Bitcoin Miner® (the "Company"), has announced the appointment of Brian Carson as chief accounting officer. In his prior role as director of financial reporting at CleanSpark, Carson led teams responsible for financial closing activities, report management, spend analysis, system-implementations, training, and auditing. He successfully maneuvered ever-changing rules in the cryptocurrency industry to ensure short- and
10/7/24 4:36:00 PM ET
$CLSK
Finance: Consumer Services
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CleanSpark Announces Agreement to Acquire GRIID Infrastructure Based on an enterprise value of $155 Million and Expansion Plans of over 400 MW in Tennessee
As a result of the transaction Cleanspark expects to add over 400 MW in Tennessee over the next 2 years CleanSpark's total announced, planned, and owned capacity now sits at over 1 GW of premium infrastructure in support of America's rapidly advancing technological environment LAS VEGAS, June 27, 2024 (GLOBE NEWSWIRE) -- CleanSpark Inc. (NASDAQ:CLSK) ("CleanSpark") and GRIID Infrastructure Inc. (NASDAQ:GRDI) ("GRIID") announced today that they have entered into a definitive merger agreement pursuant to which CleanSpark will acquire all the issued and outstanding common stock of GRIID in an all-stock transaction. The total enterprise value, including payment and assumption of debt, of the
6/27/24 9:00:00 AM ET
$CLSK
$GRDI
Finance: Consumer Services
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EDP Services
Technology
Mawson Infrastructure Group Inc. Announces Monthly Operational Update for December 2023
December Co-Location Business Revenue increased 34% M/M December Self-Mining Business Revenue increased 27% M/M Completed second Co-Location Customer Deployment of ~6 MW and ~1,764 miners December Total Revenue of about $5.97 million, up 24% M/M PITTSBURGH, Jan. 16, 2024 (GLOBE NEWSWIRE) -- Mawson Infrastructure Group Inc. (NASDAQ:MIGI) ("Mawson" or the "Company"), a digital infrastructure company, announced today its unaudited business and operational update for December 2023. Rahul Mewawalla, CEO and President, commented, "We are extremely pleased to deliver another robust month of significant revenue growth with 34% month-on-month revenue growth in our co-location business and 27%
1/16/24 8:45:27 AM ET
$CLSK
$MIGI
Finance: Consumer Services
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CleanSpark Enters Into Definitive Merger Agreement to Acquire GRIID Infrastructure For $155M; Enters Exclusive Hosting Agreement For All Currently Available Power

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Recent Analyst Ratings for
$CLSK
$GRDI

$CLSK
$GRDI
SEC Filings

SEC Form EFFECT filed by GRIID Infrastructure Inc.

SEC Form CERT filed by CleanSpark Inc.

SEC Form S-8 POS filed by GRIID Infrastructure Inc.

$CLSK
$GRDI
Market Insights

Live Market Insights

Shares of crypto-linked stocks are trading lower amid a drop in the price of Bitcoin.

Potential Trump Victory Could Stir Bitcoin Market, Bernstein Analysts Predict — Implications For These Seven Crypto Stocks Outlined

Shares of crypto-linked stocks are trading higher amid a rise in the price of Bitcoin.

$CLSK
$GRDI
Financials

Live finance-specific insights

CleanSpark Acquires Two Additional Sites in Mississippi and Closes Second Site in Wyoming

CleanSpark Reports Third Quarter FY2024 Financial Results

CleanSpark Announces New Date and Time of Third Quarter 2024 Financial Results Webcast

$CLSK
$GRDI
Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

Director Shrier David L. returned 185,285 shares to the company, closing all direct ownership in the company (SEC Form 4)

Director Zaccagnino Tom returned 4,360,314 shares to the company, closing all direct ownership in the company (SEC Form 4)

Director Dolan Cristina returned 192,685 shares to the company, closing all direct ownership in the company (SEC Form 4)

$CLSK
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Large Ownership Changes

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Amendment: SEC Form SC 13G/A filed by CleanSpark Inc.

$CLSK
$GRDI
Press Releases

Fastest customizable press release news feed in the world

CleanSpark Releases October 2024 Bitcoin Mining Update

CleanSpark Completes Acquisition of GRIID Infrastructure Inc.

CleanSpark Achieves 30 EH/s

$CLSK
$GRDI
Leadership Updates

Live Leadership Updates

CleanSpark Names Chief Accounting Officer

CleanSpark Announces Agreement to Acquire GRIID Infrastructure Based on an enterprise value of $155 Million and Expansion Plans of over 400 MW in Tennessee

Mawson Infrastructure Group Inc. Announces Monthly Operational Update for December 2023

$CLSK
$GRDI
Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

Macquarie initiated coverage on CleanSpark with a new price target

CleanSpark downgraded by JP Morgan with a new price target

Bernstein initiated coverage on CleanSpark with a new price target

CleanSpark Enters Into Definitive Merger Agreement to Acquire GRIID Infrastructure For $155M; Enters Exclusive Hosting Agreement For All Currently Available Power

Chat with this insight

Recent Analyst Ratings for $CLSK$GRDI

$CLSK$GRDI SEC Filings

SEC Form EFFECT filed by GRIID Infrastructure Inc.

SEC Form CERT filed by CleanSpark Inc.

SEC Form S-8 POS filed by GRIID Infrastructure Inc.

$CLSK$GRDI Market Insights

Live Market Insights

Shares of crypto-linked stocks are trading lower amid a drop in the price of Bitcoin.

Potential Trump Victory Could Stir Bitcoin Market, Bernstein Analysts Predict — Implications For These Seven Crypto Stocks Outlined

Shares of crypto-linked stocks are trading higher amid a rise in the price of Bitcoin.

$CLSK$GRDI Financials

Live finance-specific insights

CleanSpark Acquires Two Additional Sites in Mississippi and Closes Second Site in Wyoming

CleanSpark Reports Third Quarter FY2024 Financial Results

CleanSpark Announces New Date and Time of Third Quarter 2024 Financial Results Webcast

$CLSK$GRDI Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

Director Shrier David L. returned 185,285 shares to the company, closing all direct ownership in the company (SEC Form 4)

Director Zaccagnino Tom returned 4,360,314 shares to the company, closing all direct ownership in the company (SEC Form 4)

Director Dolan Cristina returned 192,685 shares to the company, closing all direct ownership in the company (SEC Form 4)

$CLSK$GRDI Large Ownership Changes

This live feed shows all institutional transactions in real time.

Amendment: SEC Form SC 13G/A filed by CleanSpark Inc.

$CLSK$GRDI Press Releases

Fastest customizable press release news feed in the world

CleanSpark Releases October 2024 Bitcoin Mining Update

CleanSpark Completes Acquisition of GRIID Infrastructure Inc.

CleanSpark Achieves 30 EH/s

$CLSK$GRDI Leadership Updates

Live Leadership Updates

CleanSpark Names Chief Accounting Officer

CleanSpark Announces Agreement to Acquire GRIID Infrastructure Based on an enterprise value of $155 Million and Expansion Plans of over 400 MW in Tennessee

Mawson Infrastructure Group Inc. Announces Monthly Operational Update for December 2023

$CLSK$GRDI Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

Macquarie initiated coverage on CleanSpark with a new price target

CleanSpark downgraded by JP Morgan with a new price target

Bernstein initiated coverage on CleanSpark with a new price target

Recent Analyst Ratings for
$CLSK
$GRDI

$CLSK
$GRDI
SEC Filings

$CLSK
$GRDI
Market Insights

$CLSK
$GRDI
Financials

$CLSK
$GRDI
Insider Trading

$CLSK
$GRDI
Large Ownership Changes

$CLSK
$GRDI
Press Releases

$CLSK
$GRDI
Leadership Updates

$CLSK
$GRDI
Analyst Ratings