CleanSpark, Inc. Files Material Definitive Agreement

TL;DR

CSK just signed a big deal, details TBD.

AI Summary

On June 17, 2024, CleanSpark, Inc. entered into a material definitive agreement. The filing does not provide specific details on the agreement's nature or any associated dollar amounts, but it indicates a significant event for the company.

Why It Matters

This filing signals a significant business development for CleanSpark, Inc., potentially impacting its operations, financial standing, or strategic direction.

Risk Assessment

Risk Level: medium — The filing indicates a material definitive agreement, which could carry significant implications, but lacks specific details to fully assess the risk.

Key Players & Entities

• CleanSpark, Inc. (company) — Registrant
• June 17, 2024 (date) — Date of earliest event reported
• Nevada (jurisdiction) — State of Incorporation
• 10624 S. Eastern Ave. Suite A - 638 (address) — Principal Executive Offices
• Henderson (location) — City of Principal Executive Offices
• 89052 (zip_code) — Zip Code of Principal Executive Offices

FAQ

Key Financial Figures

• $0.001 — ch registered Common Stock, par value $0.001 per share CLSK The Nasdaq Stock Mar
• $3,200,000 — ows: Agreement for LN 1: 8 megawatts, $3,200,000 Agreement for LN 3: 15 megawatts, $7,
• $7,080,000 — 000 Agreement for LN 3: 15 megawatts, $7,080,000 Agreement for LN 4: 10 megawatts, $4,
• $4,720,000 — 000 Agreement for LN 4: 10 megawatts, $4,720,000 Agreement for LN 5: 8 megawatts, $3,2
• $4,400,000 — 000 Agreement for LN 6: 11 megawatts, $4,400,000 Agreement for LN 7: 8 megawatts, $3,2
• $25.8 million — l purchase price for the acquisition is $25.8 million. The foregoing description of the agr

Filing Documents

• clsk-20240617.htm (8-K) — 41KB
• clsk-ex10_1.htm (EX-10.1) — 1288KB
• clsk-ex99_1.htm (EX-99.1) — 14KB
• 0000950170-24-075754.txt ( ) — 1622KB
• clsk-20240617.xsd (EX-101.SCH) — 24KB
• clsk-20240617_htm.xml (XML) — 5KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. Georgia Acquisition On June 17, 2024, CleanSpark, Inc., through its wholly-owned subsidiary, CSRE Properties Sandersville, LLC, (the "Company") entered into definitive agreements to acquire five bitcoin mining facilities located in Georgia. The definitive agreements include the purchase of mining data centers, totaling 60 megawatts, and the assumption of the underlying real property leases and power agreements, priced as follows: Agreement for LN 1: 8 megawatts, $3,200,000 Agreement for LN 3: 15 megawatts, $7,080,000 Agreement for LN 4: 10 megawatts, $4,720,000 Agreement for LN 5: 8 megawatts, $3,200,000 Agreement for LN 6: 11 megawatts, $4,400,000 Agreement for LN 7: 8 megawatts, $3,200,000 The total purchase price for the acquisition is $25.8 million. The foregoing description of the agreements is qualified in its entirety by reference to the full text of the asset purchase agreements attached as Exhibits 10.1 to this Current Report and incorporated herein by reference.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1 Asset Purchase Agreements, dated June 17, 2024 99.1 Press Release, dated June 18, 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: June 20, 2024 By: /s/ Zachary Bradford Name: Zachary Bradford Title: Chief Executive Officer

View Full Filing

View this 8-K filing on SEC EDGAR