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CleanSpark | 425: Filing under Securities Act Rule 425 of certain prospectuses and communications in connection with business combination transactions

SEC announcement ·  Jul 3 00:54
Summary by Futu AI
On July 2, 2024, CleanSpark, Inc., a prominent player in the Bitcoin mining industry, released an unaudited update on its operations for June 2024. The company announced it had mined 445 bitcoins in June and reached a significant milestone by exceeding an operational hashrate of 20 EH/s, doubling its hashrate since December. This achievement aligns with CleanSpark's mid-year target and is attributed to the acquisition of five new mining sites in Georgia, which added 60 MW of infrastructure. CleanSpark's CEO, Zach Bradford, emphasized the company's focus on bitcoin mining and its plans for further expansion in Wyoming and Tennessee. The update also included the sale of 8.06 bitcoins at an average price of approximately $67,514 each and the deployment of a mining fleet...Show More
On July 2, 2024, CleanSpark, Inc., a prominent player in the Bitcoin mining industry, released an unaudited update on its operations for June 2024. The company announced it had mined 445 bitcoins in June and reached a significant milestone by exceeding an operational hashrate of 20 EH/s, doubling its hashrate since December. This achievement aligns with CleanSpark's mid-year target and is attributed to the acquisition of five new mining sites in Georgia, which added 60 MW of infrastructure. CleanSpark's CEO, Zach Bradford, emphasized the company's focus on bitcoin mining and its plans for further expansion in Wyoming and Tennessee. The update also included the sale of 8.06 bitcoins at an average price of approximately $67,514 each and the deployment of a mining fleet with an efficiency of 22.31 J/Th. Additionally, CleanSpark has entered into a definitive agreement to acquire GRIID Infrastructure Inc., with the acquisition expected to contribute to the company's growth. The Dalton campus expansion in Georgia is underway, with completion anticipated by September 2024, which will further enhance CleanSpark's operational hashrate. The company, which prides itself on operating low-carbon power data centers, aims to support Bitcoin as a tool for financial independence and inclusion.

This announcement is a separate document:

Doc 1

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