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CleanSpark | 8-K: Current report

SEC announcement ·  Feb 6 22:12
Summary by Futu AI
CleanSpark, Inc., a Nevada-based corporation, has announced the acquisition of new assets through its subsidiaries, CSRE Properties Dalton, LLC and CSRE Properties Mississippi, LLC. On February 2, 2024, the Dalton subsidiary acquired a 100% membership interest in Dalton15, LLC from Eyas Investment Group Limited and approximately two acres of real property from Makerstar Capital, Inc. in Dalton, Georgia. The total consideration for the Dalton acquisitions is $3,435,000. Additionally, the Dalton subsidiary has engaged Makerstar Capital to manage the construction of a 15 megawatt data center on the property. On February 5, 2024, the Mississippi subsidiary agreed to purchase approximately 19 acres of real property across three locations in Mississippi and a 100% membership interest in MS Data, LLC from Eyas Investment Group Limited for a total of $19,800,000. These acquisitions...Show More
CleanSpark, Inc., a Nevada-based corporation, has announced the acquisition of new assets through its subsidiaries, CSRE Properties Dalton, LLC and CSRE Properties Mississippi, LLC. On February 2, 2024, the Dalton subsidiary acquired a 100% membership interest in Dalton15, LLC from Eyas Investment Group Limited and approximately two acres of real property from Makerstar Capital, Inc. in Dalton, Georgia. The total consideration for the Dalton acquisitions is $3,435,000. Additionally, the Dalton subsidiary has engaged Makerstar Capital to manage the construction of a 15 megawatt data center on the property. On February 5, 2024, the Mississippi subsidiary agreed to purchase approximately 19 acres of real property across three locations in Mississippi and a 100% membership interest in MS Data, LLC from Eyas Investment Group Limited for a total of $19,800,000. These acquisitions are part of CleanSpark's strategic expansion to increase its operational hashrate to over 20 EH/s by the first half of 2024. The company plans to finance these acquisitions with cash on hand and expects to close the transactions within 21 days. CleanSpark also announced its intention to nearly triple its hashrate in Dalton and expand into Mississippi, following its recent strategic agreement to purchase up to 160,000 S21 miners. The company issued a press release on February 6, 2024, detailing these transactions.

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