CleanSpark acquires seven TN Bitcoin mining facilities for $27.5M, adds 85 MW, 5 EH/s

CLEANSPARK, INC.

Total cash consideration $27.5M for seven sites totaling 85 MW in Knoxville, TN area.
Expected to add 5 EH/s once S21 Pro miners installed; increases hashrate by over 22%.
CEO raises year-end 2024 guidance to 37 EH/s; closings expected on or before Sept 25, 2024.
Includes $2.5M purchase of 21 acres of real property associated with four sites.
Miners already arrived; S21 Pros will be installed promptly upon each site closing.

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