CleanSpark Files 8-K, Cites Material Agreement
Ticker: CLSKW · Form: 8-K · Filed: May 31, 2024 · CIK: 827876
| Field | Detail |
|---|---|
| Company | Cleanspark, Inc. (CLSKW) |
| Form Type | 8-K |
| Filed Date | May 31, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.001, $18,750,000, $11,250,000, $7,500,000, $13,750,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, disclosure, filing
Related Tickers: CLSK
TL;DR
CLSK signed a big deal, more info to come.
AI Summary
On May 29, 2024, CleanSpark, Inc. entered into a material definitive agreement, the details of which are not fully disclosed in this filing. The company also provided a Regulation FD disclosure and filed financial statements and exhibits. This filing follows a period of significant activity for the Bitcoin miner, which recently announced a substantial increase in its Bitcoin holdings.
Why It Matters
This filing indicates a significant new agreement for CleanSpark, potentially impacting its future operations and financial standing. Investors will be looking for more details on the nature and implications of this agreement.
Risk Assessment
Risk Level: medium — The filing mentions a material definitive agreement, but lacks specific details, creating uncertainty about its impact.
Key Players & Entities
- CleanSpark, Inc. (company) — Registrant
- May 29, 2024 (date) — Date of earliest event reported
- Nevada (jurisdiction) — State of Incorporation
- 001-39187 (filing_id) — Commission File Number
- 87-0449945 (tax_id) — IRS Employer Identification No.
- 10624 S. Eastern Ave. Suite A - 638 (address) — Principal Executive Offices
- Henderson (city) — Principal Executive Offices City
- 89052 (zip_code) — Principal Executive Offices Zip Code
FAQ
What is the nature of the material definitive agreement entered into by CleanSpark, Inc. on May 29, 2024?
The filing does not provide specific details regarding the nature of the material definitive agreement.
What other items are included in this 8-K filing besides the material definitive agreement?
This 8-K filing also includes a Regulation FD Disclosure and Financial Statements and Exhibits.
In which state is CleanSpark, Inc. incorporated?
CleanSpark, Inc. is incorporated in Nevada.
What is CleanSpark, Inc.'s IRS Employer Identification Number?
CleanSpark, Inc.'s IRS Employer Identification Number is 87-0449945.
What is the address of CleanSpark, Inc.'s Principal Executive Offices?
The address of CleanSpark, Inc.'s Principal Executive Offices is 10624 S. Eastern Ave. Suite A - 638, Henderson, Nevada 89052.
Filing Stats: 583 words · 2 min read · ~2 pages · Grade level 11.7 · Accepted 2024-05-31 16:38:32
Key Financial Figures
- $0.001 — ch registered Common Stock, par value $0.001 per share CLSK The Nasdaq Stock Mar
- $18,750,000 — parcels, for a total purchase price of $18,750,000, allocated as $11,250,000 for Parcel 1
- $11,250,000 — hase price of $18,750,000, allocated as $11,250,000 for Parcel 1 and $7,500,000 for Parcel
- $7,500,000 — located as $11,250,000 for Parcel 1 and $7,500,000 for Parcel 2, and a contingent payment
- $13,750,000 — el 2, and a contingent payment of up to $13,750,000. Due to federal regulatory consent re
Filing Documents
- clsk-20240529.htm (8-K) — 40KB
- clsk-ex10_1.htm (EX-10.1) — 215KB
- clsk-ex10_2.htm (EX-10.2) — 208KB
- img82991619_0.jpg (GRAPHIC) — 43KB
- img83915140_0.jpg (GRAPHIC) — 39KB
- 0000950170-24-067371.txt ( ) — 756KB
- clsk-20240529.xsd (EX-101.SCH) — 24KB
- clsk-20240529_htm.xml (XML) — 5KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement. Wyoming Acquisition On May 29, 2024, CleanSpark, Inc., through its wholly-owned subsidiary, CSRE Properties Wyoming, LLC ("Wyoming Buyer"), entered into amended Purchase and Sale Agreements with MineOne Wyoming Data Center LLC (the "Seller"), amending the original agreement dated May 8, 2024. The original transaction, as disclosed in the 8-K filed on May 9, 2024, anticipated the purchase of approximately seventeen (17) acres of real property (the "Wyoming Property") located in Wyoming, comprising two parcels, for a total purchase price of $18,750,000, allocated as $11,250,000 for Parcel 1 and $7,500,000 for Parcel 2, and a contingent payment of up to $13,750,000. Due to federal regulatory consent requirements relating to Parcel 1, the agreement was renegotiated and split into two agreements: the first agreement for Parcel 1, with a purchase price of $11,250,000, and the second agreement for Parcel 2, with a purchase price of $11,250,000, with no contingent payment requirements for either parcel. The foregoing descriptions are qualified in their entirety by reference to the full text of the agreements attached as Exhibits 10.1 and 10.2 and incorporated herein by reference.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1 Purchase and Sale Agreement for Parcel 1, dated May 29, 2024 10.2 Purchase and Sale Agreement for Parcel 2, dated May 29, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. CLEANSPARK, INC. Date: May 31, 2024 By: /s/ Zachary Bradford Name: Zachary Bradford Title: Chief Executive Officer