secwatch.observer — SEC 8-K summary
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Issuer:     CLEANSPARK, INC. (CLSK)
CIK:        0000827876
Form:       8-K
Filed at:   2024-02-06T23:59:59+00:00
Accession:  0000950170-24-011571
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CleanSpark acquires MS and GA mining sites; targets over 20 EH/s by H1 2024
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- Acquired three turnkey bitcoin mining facilities in Mississippi for $19.8M cash, expected to add 2.4 EH/s.
- Acquired a Dalton, GA facility under construction for $3.4M initial cash; another $3.5M to complete, target 0.8 EH/s by April 2024.
- Combined with existing operations and Sandersville expansion, total hashrate expected to exceed 20 EH/s, double current 10 EH/s.
- Mississippi purchase expected to close within 21 days; Dalton project targeted operational in April 2024.
- CEO Zach Bradford cites increased geographic diversity and improved operating efficiencies ahead of halving.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/827876/000095017024011571/0000950170-24-011571-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/827876/000095017024011571/clsk-20240202.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-011571

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer