CleanSpark acquires 2 Wyoming bitcoin mining sites with 75 MW for $18.75M, potential for additional 55 MW

CLEANSPARK, INC.

Cash purchase price of $18.75M for two sites with 75 MW of power; $13.75M contingent if additional 55 MW contracted within 180 days.
Acquisition expected to close in ~45 days; sites projected to add over 4 EH/s initially, up to 7 EH/s with expansion.
Company to deploy S21 and S21 Pro miners (efficient latest-gen) already ordered and funded.
Wyoming is third state in CleanSpark's owned-and-operated portfolio; follows recent Mississippi acquisitions; on path toward 50 EH/s total hashrate.

item 1.01 item 7.01 item 9.01

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 Wyoming Agreement with the Seller valued at $18,750,000 (effective 2024-05-08).

Action: entry
Agreement: asset purchase
Counterparty: the Seller
Value: $18,750,000
Effective: 2024-05-08

Exact text from the filing

On May 8, 2024, CSRE Properties Wyoming, LLC, a Wyoming limited liability company ("Wyoming Buyer"), a wholly-owned subsidiary of CleanSpark, Inc., a Nevada corporation (the "Company"), entered into a Real Property Purchase Agreement (the "Wyoming Agreement") with the Seller, pursuant to which the Wyoming Buyer agreed to purchase approximately seventeen (17) acres of real property (the "Wyoming Property") located in Wyoming.

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

CLEANSPARK, INC. filing history →

Source: SEC EDGAR

accession 0000950170-24-056937

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