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New Deal


Announced

Completed

CleanSpark completed the acquisition of GridFabric.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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software development

Private

Completed

Single Bidder

Majority

Acquisition

Software

Friendly

United States

Synopsis

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CleanSpark, a diversified software and services company, completed the acquisition of GridFabric, a software solutions provider. Financial terms were not disclosed. "This acquisition immediately adds to CleanSpark's revenue stream by layering-on an additional value-added SaaS product that may be implemented independently from, or in conjunction with our mPulse platform. We anticipate that the acquisition alone will add close to $1m in revenue over the span of the coming year, and significantly more in the following years as we provide resources to the GridFabric team to grow. Perhaps more importantly, this acquisition brings existing, recurring revenue and positive cashflows immediately," Lori Love, CleanSpark CFO.

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