Announced
Completed
Synopsis
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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