secwatch.observer — SEC 8-K summary
======================================

Issuer:     CLEANSPARK, INC. (CLSK)
CIK:        0000827876
Form:       8-K
Filed at:   2024-09-11T23:59:59+00:00
Accession:  0000950170-24-105354
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 seven TN Bitcoin mining facilities for $27.5M, adds 85 MW, 5 EH/s
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/827876/000095017024105354/0000950170-24-105354-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/827876/000095017024105354/clsk-20240910.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-105354

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