CleanSpark completes acquisition of GRIID Infrastructure, issues 5.03M shares in merger

CLEANSPARK, INC.

Deal closed Oct 30; GRIID shareholders approved the merger on Oct 28, 2024.
Each GRIID share converted to ~0.06959 CLSK share; aggregate of 5,031,254 CLSK shares issued.
CleanSpark expects to grow Tennessee mining capacity to over 400 MW via TVA service territory.
GRIID common stock and public warrants to be delisted from Nasdaq and Cboe Canada.
Former GRIID CEO Trey Kelly says merger is 'a great outcome' for shareholders and employees.

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