Announced
Synopsis
CleanSpark, a bitcoin miner, agreed to merge with GRIID Infrastructure, a vertically integrated, bitcoin self-mining company, for $155m. "We are looking forward to welcoming the GRIID team into the CleanSpark family and we are excited to apply the CleanSpark way, carefully honed alongside the communities we operate in Georgia and Mississippi, to GRIID's impressive pipeline in Tennessee. This acquisition would give us a clear and steady path over the next three years to accomplish in Tennessee what we proudly achieved in Georgia over the past three years. That achievement was to build out over 400 MW of infrastructure backed by valuable, long-term power contracts," Zach Bradford, CleanSpark CEO.
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