On 27June 2024, CLSK announced an agreement to acquire GRIID Infrastructure (ensures favourable power cost) based on an enterprise value of $155 Million, having expansion plans of over 400 MW in Tennessee. Concurrent with the signing of the merger agreement, the companies also entered into an exclusive hosting agreement for all currently available power, of which 20 MW will be allocated to CleanSpark effective immediately.
With a price target of $27, CleanSpark is one of the most efficient, lowest cost miner at the forefront of a new generation of Bitcoin miners.
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