secwatch.observer — SEC 8-K summary
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Issuer:     CLEANSPARK, INC. (CLSK)
CIK:        0000827876
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0000950170-24-056937
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/827876/000095017024056937/0000950170-24-056937-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/827876/000095017024056937/clsk-20240508.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-056937

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