Form 8-K · Current Report · Filed 2024-05-09
CleanSpark Acquires Wyoming Bitcoin Mining Sites for $18.75M
CleanSpark, Inc. announced on May 8, 2024, the acquisition of two bitcoin mining locations in Wyoming for $18.75 million. The agreement includes a potential expansion by an additional 55 MW, adding over four exahashes per second (EH/s) once fully operational. The acquisition marks CleanSpark's entry into its third state for owned-and-operated bitcoin mining facilities, following recent expansions in Mississippi and New York. The company plans to deploy S21 and S21 pros, its most powerful and efficient bitcoin mining machines, and anticipates breaking ground on the new facilities shortly after closing.
- Filer
- Cleanspark Inc. CLSK · NASDAQ
- Filed
- Accession
- 0000950170-24-056937
- CIK
- 0000827876
- Signal
- Medium impactFinancial Services
- Source
- Official filing on sec.gov ↗
Items reported
Entry into a Material Definitive Agreement
Regulation FD Disclosure
Financial Statements and Exhibits
Market reaction
Close before filing
$16.37
Next session
-4.9%
Since filing
-16.1%
Latest close
$13.73
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from CLSK reporting the same item, with the next session's move:
Exhibits (2)
About Cleanspark Inc.
Cleanspark Inc. is a technology company primarily focused on providing advanced energy software and control technology solutions. The company's main objective is to help customers achieve energy efficiency and maximize cost savings through its innovative microgrid design and energy analytics. Cleanspark Inc. offers services to a wide range of markets including commercial, industrial, and residential sectors, as well as unique solutions for military and municipal applications. Its solutions empower users to take control of their power needs by integrating multiple power sources, energy storage, and intelligent control systems. As the demand for sustainable and resilient energy solutions increases, Cleanspark Inc. plays a significant role in the transition towards more decentralized and efficient energy systems, aligning with global sustainability trends and energy independence initiatives.
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