M&A
confidence high
sentiment neutral
materiality 0.55
CleanSpark restructures Wyoming land buy; Parcel 1 price $11.25M, no contingent payments
CLEANSPARK, INC.
- Acquisition split into two separate agreements: Parcel 1 (North Range) $11.25M and Parcel 2 (Campstool) $11.25M.
- Original contingent payment of up to $13.75M eliminated in both agreements.
- Parcel 1 subject to CFIUS Presidential Order; closing requires CFIUS approval.
- Buyer requires minimum 45 MW electric power at North Range; escrow and utility deposit required.
- Parcel 2 sale handled under separate Campstool Agreement; both deeds are cash at closing.