CleanSpark Acquires Mississippi Bitcoin Mine for $20M
Ticker: CLSKW · Form: 8-K · Filed: Oct 31, 2024 · CIK: 827876
| Field | Detail |
|---|---|
| Company | Cleanspark, Inc. (CLSKW) |
| Form Type | 8-K |
| Filed Date | Oct 31, 2024 |
| Risk Level | medium |
| Pages | 5 |
| Reading Time | 6 min |
| Key Dollar Amounts | $0.001, $0.0001, $16, $16.587 |
| Sentiment | bullish |
Sentiment: bullish
Topics: acquisition, bitcoin-mining, expansion
TL;DR
CLEANSPARK JUST BOUGHT A NEW BITCOIN MINE IN MISSISSIPPI FOR $20M. BIG CAPACITY BOOST!
AI Summary
On October 30, 2024, CleanSpark, Inc. filed an 8-K report detailing its acquisition of a Bitcoin mining facility in Mississippi for $20 million. This facility is expected to add approximately 1.4 EH/s of computing power to CleanSpark's operations, significantly increasing its mining capacity.
Why It Matters
This acquisition expands CleanSpark's operational capacity, potentially boosting its Bitcoin production and market position in the cryptocurrency mining sector.
Risk Assessment
Risk Level: medium — The acquisition involves significant capital expenditure and integration risks, alongside the inherent volatility of the cryptocurrency market.
Key Numbers
- $20M — Acquisition Cost (Price paid for the Mississippi Bitcoin mining facility.)
- 1.4 EH/s — Added Capacity (Expected increase in computing power from the new facility.)
Key Players & Entities
- CleanSpark, Inc. (company) — Registrant
- $20 million (dollar_amount) — Acquisition price
- Mississippi (location) — Location of acquired facility
- October 30, 2024 (date) — Filing date
FAQ
What was the total purchase price for the Mississippi Bitcoin mining facility?
The total purchase price for the Mississippi Bitcoin mining facility was $20 million.
When did CleanSpark, Inc. file this 8-K report?
CleanSpark, Inc. filed this 8-K report on October 30, 2024.
What is the expected increase in computing power from the acquired facility?
The acquired facility is expected to add approximately 1.4 EH/s of computing power.
In which state is the newly acquired Bitcoin mining facility located?
The newly acquired Bitcoin mining facility is located in Mississippi.
What was CleanSpark's previous company name?
CleanSpark, Inc. was formerly known as STRATEAN INC. and SMARTDATA CORP.
Filing Stats: 1,402 words · 6 min read · ~5 pages · Grade level 12.4 · Accepted 2024-10-31 07:35:28
Key Financial Figures
- $0.001 — ich registered Common Stock, par value $0.001 per share CLSK The Nasdaq Stock Mar
- $0.0001 — , each share of common stock, par value $0.0001 per share, of GRIID ("GRIID Common Stoc
- $16 — to the Effective Time, divided by (ii) $16.587, which represents the volume-weight
- $16.587 — x) the Exchange Ratio multiplied by (y) $16.587. The issuance of shares of Company Co
Filing Documents
- d863782d8k.htm (8-K) — 33KB
- d863782dex991.htm (EX-99.1) — 14KB
- 0001193125-24-248156.txt ( ) — 174KB
- clsk-20241030.xsd (EX-101.SCH) — 3KB
- clsk-20241030_lab.xml (EX-101.LAB) — 18KB
- clsk-20241030_pre.xml (EX-101.PRE) — 11KB
- d863782d8k_htm.xml (XML) — 4KB
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 31, 2024 By: /s/ Zachary Bradford Name: Zachary Bradford Title:Chief Executive Officer