On August 2, 2024, CleanSpark, Inc. entered into an amended and restated Credit Agreement with GRIID Infrastructure Inc. and other loan parties, modifying the existing agreement dated June 26, 2024. The amendment introduces a new $40 million Delayed Draw Facility to the existing term loan of approximately $55.9 million provided to GRIID. As per the agreement, GRIID drew $5 million on August 5, 2024. The loans, bearing an 8.5% annual interest rate, have a maturity date of June 26, 2025, or 90 days post-termination of a specified merger agreement. The Credit Agreement includes standard representations, warranties, covenants, and events of default. The full text of the Credit Agreement was filed with the SEC as Exhibit 10.1. Additionally, CleanSpark provided forward-looking statements regarding the proposed business combination with GRIID, highlighting potential benefits, risks, and uncertainties that could affect future results.

On August 2, 2024, CleanSpark, Inc. entered into an amended and restated Credit Agreement with GRIID Infrastructure Inc. and other loan parties, modifying the existing agreement dated June 26, 2024. The amendment introduces a new $40 million Delayed Draw Facility to the existing term loan of approximately $55.9 million provided to GRIID. As per the agreement, GRIID drew $5 million on August 5, 2024. The loans, bearing an 8.5% annual interest rate, have a maturity date of June 26, 2025, or 90 days post-termination of a specified merger agreement. The Credit Agreement includes standard representations, warranties, covenants, and events of default. The full text of the Credit Agreement was filed with the SEC as Exhibit 10.1. Additionally, CleanSpark provided forward-looking statements regarding the proposed business combination with GRIID, highlighting potential benefits, risks, and uncertainties that could affect future results.