CleanSpark Acquires Mississippi Bitcoin Mining Facility
Ticker: CLSKW · Form: 8-K · Filed: Oct 28, 2024 · CIK: 827876
| Field | Detail |
|---|---|
| Company | Cleanspark, Inc. (CLSKW) |
| Form Type | 8-K |
| Filed Date | Oct 28, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | bullish |
Sentiment: bullish
Topics: acquisition, bitcoin-mining, expansion
TL;DR
CLEANSPARK BUYING NEW BITCOIN MINE IN MISSISSIPPI, ADDS 1.0 EH/S CAPACITY.
AI Summary
CleanSpark, Inc. announced on October 25, 2024, that it has entered into a definitive agreement to acquire certain assets of a Bitcoin mining facility located in Mississippi. The acquisition is expected to close by the end of November 2024 and will add approximately 1.0 EH/s of computing power to CleanSpark's operations, significantly increasing its Bitcoin mining capacity.
Why It Matters
This acquisition is a significant step for CleanSpark to expand its Bitcoin mining operations, potentially increasing its revenue and market share in the cryptocurrency mining industry.
Risk Assessment
Risk Level: medium — The acquisition is subject to customary closing conditions and regulatory approvals, introducing potential delays or failure to complete the transaction.
Key Numbers
- 1.0 EH/s — Additional Computing Power (Expected to be added to CleanSpark's operations post-acquisition.)
Key Players & Entities
- CleanSpark, Inc. (company) — Registrant
- Mississippi (location) — Location of acquired Bitcoin mining facility
- 1.0 EH/s (computing_power) — Additional computing power from the acquisition
- November 2024 (date) — Expected closing date of the acquisition
- October 25, 2024 (date) — Date of the earliest event reported
FAQ
What is the primary purpose of this 8-K filing?
This 8-K filing is primarily to report on CleanSpark, Inc.'s entry into a definitive agreement to acquire certain assets of a Bitcoin mining facility.
When is the acquisition expected to be completed?
The acquisition is expected to close by the end of November 2024.
What is the expected increase in computing power for CleanSpark?
The acquisition is expected to add approximately 1.0 EH/s of computing power to CleanSpark's operations.
Where is the acquired Bitcoin mining facility located?
The acquired Bitcoin mining facility is located in Mississippi.
Are there any specific conditions for the closing of this acquisition?
Yes, the acquisition is subject to customary closing conditions and regulatory approvals.
Filing Stats: 547 words · 2 min read · ~2 pages · Grade level 11.5 · Accepted 2024-10-28 06:03:59
Key Financial Figures
- $0.001 — ich registered Common Stock, par value $0.001 per share CLSK The Nasdaq Stock Mar
Filing Documents
- d863997d8k.htm (8-K) — 25KB
- 0001193125-24-244545.txt ( ) — 144KB
- clsk-20241025.xsd (EX-101.SCH) — 3KB
- clsk-20241025_lab.xml (EX-101.LAB) — 18KB
- clsk-20241025_pre.xml (EX-101.PRE) — 11KB
- d863997d8k_htm.xml (XML) — 4KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 104 Cover Page Interactive Data File (embedded within the Incline 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: October 28, 2024 By: /s/ Leighton Koehler Name: Leighton Koehler Title: General Counsel