CleanSpark acquires two Georgia bitcoin mining campuses for $9.3M; adds ~1 EH/s

CLEANSPARK, INC.

Paid $9.3M cash for two turnkey facilities in Dalton, GA, adding ~1 EH/s hashrate; closing expected later this week.
Acquisition hosts over 6,000 Antminer S19 XP and S19J Pro+ miners; machines from orders previously fully paid.
Year-end hashrate target remains 16 EH/s; transaction funded from existing cash reserves.
CEO cites deepening rural Georgia ties; >90% of energy from low-carbon sources.
CFO states acquisition 'almost immediately start driving revenue to bottom line' ahead of 2024 halving.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

CLEANSPARK, INC. entered into Membership Interest Purchase Agreement with Coinmaker Miners Limited and Makerstar Capital, Inc. (effective 2023-06-16).

Action: entry
Agreement: asset purchase
Counterparty: Coinmaker Miners Limited and Makerstar Capital, Inc.
Effective: 2023-06-16

Exact text from the filing

On June 16, 2023, CleanSpark, Inc., a Nevada corporation (the "Company"), entered into a Membership Interest Purchase Agreement (the "Agreement") with Coinmaker Miners Limited, a British Virgin Islands business company ("Coinmaker"), and Makerstar Capital, Inc., a Delaware Corporation ("Makerstar" and, together with Coinmaker, the "Sellers"), pursuant to which the Company agreed to purchase one hundred percent (100%) membership interest in Coinmaker Miners, LLC, a Georgia limited liability company, from the Sellers.

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38 material agreements filed in the last 30 days. Browse all material agreements →

CLEANSPARK, INC. filing history →

Source: SEC EDGAR

accession 0000950170-23-029069

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