Summary by Futu AI
On May 29, 2024, CleanSpark, Inc. announced the amendment of Purchase and Sale Agreements with MineOne Wyoming Data Center LLC for the acquisition of real estate in Wyoming. The original agreement, dated May 8, 2024, was for the purchase of approximately seventeen acres of land, comprising two parcels, for a total of $18,750,000 with an additional contingent payment of up to $13,750,000. However, due to federal regulatory consent issues with Parcel 1, the deal was restructured into two separate agreements with a fixed purchase price of $11,250,000 for each parcel, eliminating the contingent payments. The amended agreements were filed with the SEC and the details were provided in Exhibits 10.1 and 10.2 of the Form 8-K report. CleanSpark, a Nevada-based company listed on the Nasdaq under the symbol CLSK, is not classified as an emerging growth company and has not elected to use the extended transition period for complying with new or revised financial accounting standards.