secwatch.observer — SEC 8-K summary
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Issuer:     CLEANSPARK, INC. (CLSK)
CIK:        0000827876
Form:       8-K
Filed at:   2024-05-31T23:59:59+00:00
Accession:  0000950170-24-067371
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CleanSpark restructures Wyoming land buy; Parcel 1 price $11.25M, no contingent payments
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/827876/000095017024067371/0000950170-24-067371-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/827876/000095017024067371/clsk-20240529.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-067371

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