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CleanSpark | 8-K: Current report

SEC ·  Aug 1 09:11

Summary by Futu AI

CleanSpark, Inc., a Nevada-based company listed on the Nasdaq Stock Market under the symbol CLSK, has announced the completion of its acquisition of a Bitcoin mining site in Cheyenne, Wyoming, as well as the execution of 75 megawatts (MW) of power contracts. The acquisition, which was reported in a Form 8-K filed with the SEC, took place on July 26, 2024, with the site expected to add over 2 exahashes per second (EH/s) to the company's hashrate once operational. Groundbreaking for the site is set to begin immediately, with operations anticipated to start before the end of 2024. Additionally, CleanSpark has secured power contracts for an additional 45 MW at a second Wyoming site, which is projected to contribute an additional 3 EH/s...Show More
CleanSpark, Inc., a Nevada-based company listed on the Nasdaq Stock Market under the symbol CLSK, has announced the completion of its acquisition of a Bitcoin mining site in Cheyenne, Wyoming, as well as the execution of 75 megawatts (MW) of power contracts. The acquisition, which was reported in a Form 8-K filed with the SEC, took place on July 26, 2024, with the site expected to add over 2 exahashes per second (EH/s) to the company's hashrate once operational. Groundbreaking for the site is set to begin immediately, with operations anticipated to start before the end of 2024. Additionally, CleanSpark has secured power contracts for an additional 45 MW at a second Wyoming site, which is projected to contribute an additional 3 EH/s to the company's hashrate. This expansion is part of CleanSpark's strategic growth, which includes a portfolio of twelve data centers in Georgia, three in Mississippi, one in Wyoming, and co-locations in Tennessee and New York. The company's CEO, Zachary Bradford, expressed enthusiasm for the expansion in Wyoming, a state showing strong support for the Bitcoin industry.

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