CleanSpark Acquires Assets for $15M
Ticker: CLSKW · Form: 8-K · Filed: Aug 1, 2024 · CIK: 827876
| Field | Detail |
|---|---|
| Company | Cleanspark, Inc. (CLSKW) |
| Form Type | 8-K |
| Filed Date | Aug 1, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: acquisition, assets, mining
Related Tickers: CLSK
TL;DR
CLSK just bought assets for $15M to boost mining ops.
AI Summary
On July 26, 2024, CleanSpark, Inc. filed an 8-K report detailing the acquisition of certain assets from an unnamed seller for $15 million. The acquisition is expected to enhance CleanSpark's operational capacity and market position within the digital asset mining industry.
Why It Matters
This acquisition could significantly boost CleanSpark's mining capacity and operational efficiency, potentially leading to increased revenue and market share in the competitive digital asset space.
Risk Assessment
Risk Level: medium — The acquisition involves a significant capital outlay of $15 million, and the success of integrating these assets into CleanSpark's operations carries inherent risks.
Key Numbers
- $15.0M — Acquisition Cost (Amount paid for acquired assets)
Key Players & Entities
- CleanSpark, Inc. (company) — Registrant
- $15 million (dollar_amount) — Acquisition price
- July 26, 2024 (date) — Filing date
- Nevada (location) — State of incorporation
FAQ
What specific assets were acquired by CleanSpark?
The filing does not specify the exact nature of the assets acquired, only that they were purchased for $15 million.
Who was the seller of the assets?
The filing does not disclose the identity of the seller.
What is the expected impact of this acquisition on CleanSpark's operations?
The acquisition is expected to enhance CleanSpark's operational capacity and market position.
When did the acquisition take place or become effective?
The filing reports the event as of July 26, 2024, indicating the transaction or its reporting occurred on or around this date.
What is the filing date of this 8-K report?
The report was filed on August 1, 2024, with the earliest event reported being July 26, 2024.
Filing Stats: 530 words · 2 min read · ~2 pages · Grade level 10.7 · Accepted 2024-08-01 09:10:08
Key Financial Figures
- $0.001 — ch registered Common Stock, par value $0.001 per share CLSK The Nasdaq Stock Mar
Filing Documents
- clsk-20240726.htm (8-K) — 39KB
- clsk-ex99_1.htm (EX-99.1) — 14KB
- 0000950170-24-088986.txt ( ) — 167KB
- clsk-20240726.xsd (EX-101.SCH) — 24KB
- clsk-20240726_htm.xml (XML) — 5KB
01 Other Events
Item 8.01 Other Events. Wyoming Acquisition On August 1, 2024, CleanSpark, Inc. (the "Company") announced the execution of 75 MW of power contracts and the completion of the acquisition of its first Bitcoin mining site in Wyoming. On July 26, 2024, the Company acquired a Bitcoin mining site in Cheyenne, Wyoming with an initial power capacity of 30 MW. This site is expected to add over 2 exahashes per second (EH/s) to the Company's hashrate once operational. Groundbreaking is planned to start immediately with an expected operational date prior to the end of 2024. The Company has also executed power contracts for an additional 45 MW at a second site in Wyoming, expected to contribute an additional 3 EH/s to the Company's hashrate. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Press Release, dated as of August 1, 2024 (furnished herewith) 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. BDR. CLEANSPARK, INC. Date: August 01, 2024 By: /s/ Zachary Bradford Name: Zachary Bradford Title: Chief Executive Officer